GLOBE & MAIL: We're Doing Our Share, Not Hoarding Cash, Companies Tell Carney
Of THE GLOBE AND MAIL Some of Canada's largest corporations, ranging from energy giants to technology firms, are striking back at Bank of Canada Governor Mark Carney, arguing he is wrong to assert domestic companies are hindering economic growth by socking away cash.
Marubeni's $5.6 Billion Gavilon Deal Hits Delay
Marubeni Corp.'s (8002.TO) $5.6 billion purchase of grain merchant Gavilon is being delayed by at least two months, held up by talks on ownership of Kalama Export Co. between Gavilon and Archer Daniels Midland Co. (ADM), as well as regulatory reviews, the Reuters news agency reported Thursday on
China's Inflation To Ease Further; 2012 CPI Likely +2.8% - Think Tank
Inflationary pressure in China will ease further in the second half of this year, leaving more room for resource price reform and economic restructuring, a government think tank said in a research report published in the state-run Shanghai Securities News Friday.
RBA Chief Says Mining Investment Boom to Peak
Reserve Bank of Australia Governor Glenn Stevens said Friday mining investment will peak over the next year or two but that should be offset by a subsequent pickup in exports.
China Eyes Stronger Property Curbs
China is studying new measures to strengthen the government's control of the property market, the Xinhua News Agency reported late Thursday, citing an unnamed official from the housing ministry.
Australian Stocks Sink As Miners Tumble
Australian stocks fell early Friday, tracking losses on Wall Street as doubts grew over the likelihood of fresh stimulus efforts by the U.S. Federal Reserve.
Japan Stocks Follow U.S. Lower As QE Hopes Dim
Japanese stocks fell sharply Friday morning, giving back the previous day's gains and then some after U.S. markets dropped overnight on doubts the Federal Reserve will follow through with significant new easing.
RBA Governor Says Mining Investment Boom To Peak
Reserve Bank of Australia Governor Glenn Stevens said Friday mining investment will peak over the next year or two but that should be offset by a subsequent pick up in exports.
Tinkler Drops $5.5 Billion Bid for Whitehaven Coal
Whitehaven Coal Ltd. (WHC.AU) Friday said mining magnate Nathan Tinkler walked away from a proposed 5.3 billion Australian dollar (US$5.5 billion) takeover offer, in the latest sign that slumping commodity prices are worrying investors.