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      • Bank of Canada's Carney says Europe needs big reforms
        Bank of Canada's Carney says Europe needs big reforms

        By Leila Lemghalef MONTREAL (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and it should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth. In his final speech as Canadian central bank chief before he takes over as governor of the Bank of England on July 1, Carney said Europe's recessionary economy is being held back by fiscal austerity, low confidence and tight credit

      • Earning Too Little to Save for Retirement

        When you're first starting out on your own, it can be difficult to feel as though you have enough money to save for retirement . Many people have the misconception that they need to have a certain amount ...

      • Carney to Europe: Learn from Japan the dangers of half measures
        Carney to Europe: Learn from Japan the dangers of half measures

        OTTAWA (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth. In his final speech as Canadian central bank chief before taking over the Bank of England on July 1, Carney noted that Europe's recessionary economy is being held back by fiscal austerity, low confidence and tight credit conditions. "Deep challenges persist in its

      • Why Social Security Needs Separate Treatment

        Like the fiscal Bobbsey twins, Social Security never seems to travel without its beleaguered entitlements companion, variously called health care, or Medicare, or sometimes Medicare and Medicaid. This ...

      • Column: Transforming your 401(k) into steady income

        A job and a paycheck - they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? A growing number of 401 plans are including investment ...

      • New Issue-Dar Al-Arkan Sukuk prices $450 mln 2018 bond

        May 21 (Reuters) -Following are terms and conditions of a bond priced on Tuesday. Borrower Dar Al-Arkan Sukuk Company Ltd Guarantor Dar Al-Arkan Real Estate Development Company Issue Amount $450 million Maturity Date May 24, 2018 Coupon 5.75 pct Reoffer price 99.465 Reoffer Yield 5.875 pct Spread 486.5 basis points Underlying govt bond Over Mid-swaps, equivalent to 502.8bp over the 0. ...

      • Canada bank regulator says watching housing risk, pleased so far
        Canada bank regulator says watching housing risk, pleased so far

        By Andrea Hopkins TORONTO (Reuters) - Canada's top banking regulator said on Tuesday she is focused on the risk Canada's big banks face from low interest rates and real estate lending, but is happy that the housing market is moving into more balanced territory. Julie Dickson, head of the Office of the Superintendent of Financial Institutions, or OSFI, said the impact of low interest rates can clearly be seen in the Canadian real estate market. Canada's housing market was red hot in the years

      • Omaxe raises $9 million in partially subscribed share sale
        Omaxe raises $9 million in partially subscribed share sale

        MUMBAI (Reuters) - Founders of real estate company Omaxe Ltd raised about 503 million rupees by selling a part of their stake in the company to meet the market regulator's requirement of having at least 25 percent public shareholding mandatory for Indian listed companies by end-June. By 3.30 p.m., the single-day sale to investors had received bids for 3.4 million shares at an average price of 148.77 rupees each, provisional data from the Bombay Stock Exchange showed. Omaxe founders, who own 89

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