Scotiabank reports strong third quarter performance (PR Newswire via Yahoo! Finance)
The HIPC programme has been subject to conditionalities similar to those often attached to IMF and World Bank loans, requiring structural adjustment reforms, sometimes including the privatisation of public utilities, including water and electricity. To qualify for irrevocable debt relief, countries must also maintain macroeconomic stability and implement a Poverty Reduction Strategy satisfactorily for at least one year. Under the goal of reducing inflation, some countries have been pressured to reduce spending in the health and education sectors.
Scotiabank reports strong third quarter performance (PR Newswire via Yahoo! Finance)
Scotiabank today reported near record third quarter net income of $1,032 million compared with $936 million the same period last year. Quarter over quarter, net income was down slightly from $1,039 million, due largely to the unfavourable impact of foreign currency translation and lower interest and loan loss recoveries.
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Stelco shares up 39.7 per cent after US$1.1B offer by U.S. Steel (CP via Yahoo! Canada News)
TORONTO (CP) - Stelco Inc. (TSX:STE) and the company that's proposing to buy it for US$1.1 billion plus assumed debt, U.S. Steel Corp., will face major competitive challenges from offshore rivals that produce steel slab at lower prices, a steel analyst says.
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The future of your money (rediff.com)
New one-stop shops will redefine how you transact in shares, funds, insurance and debt.
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Scotiabank reports strong third quarter performance (FinanzNachrichten)
TORONTO, Aug. 28 /PRNewswire-FirstCall/ -- Scotiabank ( Nachrichten ) today reported near record third quarter net income of $1,032 million compared with $936 million the same period last year.
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State ready to do business with county (Lisbon Morning Journal)
EAST LIVERPOOL — The state has about $500 million it wants to provide to small business owners in Ohio, and state Treasurer Richard Cordray was in the city Thursday to explain how easy it is to obtain that money.
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What's driving hospital deals? The bottom line (Minneapolis-St. Paul Star Tribune)
When Allina Hospitals & Clinics acknowledged earlier this month that it was in merger discussions with Aspen Medical Group, it sparked a flurry of speculation across the Twin Cities health care community about the future of independent, outpatient care. Is consolidation a trend? Why? Is it good or bad? Some lips were sealed because of deal negotiations, but for those who were talking, the answers ...
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Business digest (Lansing State Journal)
LANSING - Old Town held its lead over Media, Pa., Tuesday in the race to win a $50,000 "Main Street makeover" from Swedish home furnishings retailer IKEA. As of early Tuesday night, Old Town had 4,874 votes on the "Small Businesses, Big Dreams" contest, which ends today.
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Business Highlights (AP via Yahoo! Finance)
A closely watched gauge of future economic activity edged up in July, reversing the previous month's decline. The recent erratic pattern reflects uncertainty in a U.S. economy roiled by a credit crunch.
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Business Highlights (Post-Bulletin)
reports higher profits CHARLOTTE, N.C. -- Lowe's Cos., the nation's second largest home improvement chain, said Monday that its second-quarter profit rose 9 percent on higher overall revenue. The results came in ahead of Wall Street expectations, an
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Business briefs (Lansing State Journal)
Grand Rapids law firm Warner Norcross & Judd LLP has opened an office in Lansing, where it will base its government affairs practice group. The group focuses on lobbying, election laws and establishing political action committees and administrative law.
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Scotiabank reports strong third quarter performance (PR Newswire via Yahoo! Finance)
Despite the debt reduction achieved so far, the report warns, "the deterioration in the global economic environment and the related decline in commodity prices have raised concerns about the ability of several HIPCs to reduce their debt burdens to sustainable levels." The World Bank considers a country's debt to be sustainable if the ratio between its total debt and its export earnings is less than 150 per cent, implying that it has enough export revenue to service its debt. Most African countries earn foreign currency through the sale of agricultural commodities, which, over the years, have been fetching lower and lower prices on the international market.
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