Randall's Feed
Oct 14, 2015

Surging Canadian Liberals ask for majority mandate

HAMILTON, Ontario, Oct 14 (Reuters) – Canadian Liberal
leader Justin Trudeau, surging in the polls in the final stretch
of the election campaign, asked voters on Wednesday to give him
a majority government on Oct 19 – but insisted he would not get
over-confident.

“Am I asking Canadians to vote for us? Yes. Am I asking them
to vote for us across the country? Yes. Am I asking them for a
majority government? Yes,” Trudeau said in answer to a
reporter’s question.

Oct 10, 2015

Bank of Canada sees encouraging economic scene despite forecasts

LIMA, Oct 10 (Reuters) – Bank of Canada Governor Stephen
Poloz painted a reasonably cheery picture on Saturday of the
Canadian and global economic outlook despite some downgraded
forecasts and concerns about China.

He said it was “maybe an overstatement” to characterize as
gloomy the forecasts by the International Monetary Fund (IMF)
and the talk about them at the annual meetings in Peru of the
IMF and the World Bank.

Oct 9, 2015

New climate-financing pledges at IMF talks closer to $100 billion-a-year

LIMA (Reuters) – The world’s rich countries most likely will be able to reach the goal of providing $100 billion a year by 2020 to help poor countries combat and adapt to climate change, as the result of increased pledges made in Lima, key ministers said on Friday.

The World Bank and other international banks made billions of dollars of new pledges on Friday, on top of promises that have been made by individual countries.

Oct 9, 2015

New climate-financing pledges at IMF talks closer to $100 bln/yr

LIMA, Oct 9 (Reuters) – The world’s rich countries most
likely will be able to reach the goal of providing $100 billion
a year by 2020 to help poor countries combat and adapt to
climate change, as the result of increased pledges made in Lima,
key ministers said on Friday.

The World Bank and other international banks made billions
of dollars of new pledges on Friday, on top of promises that
have been made by individual countries.

Oct 9, 2015

UK’s Osborne sees global risks rising, but sanguine on China

LIMA (Reuters) – Global economic risks are rising and Britain will not be immune, British finance minister George Osborne said on Friday, but he said concern about slowing in China should not be overdone, since it was still contributing solidly to growth.

“It’s very clear from this IMF meeting the risks in the global economy are rising. While there are brighter spots like the U.S. and the UK, and some emerging economies like India, overall the latest news in our view is concerning,” he said during the International Monetary Fund’s annual meeting.

Oct 9, 2015

IMF told that amid ‘new mediocre’ no room for mistakes by cen banks

LIMA, Oct 8 (Reuters) – Central banks have little room for
error in a low-growth world in which over-leveraged and
commodity-dependent emerging economies and a slowing China are
major risks, top international financiers told the International
Monetary Fund’s meeting.

Despite $7 trillion in quantitative easing from banks in
industrial nations since the global financial crisis, the world
is stuck in a “new mediocre” growth pattern, IMF chief Christine
Lagarde said on Thursday.

Oct 9, 2015

Carney rebuts critics of his global warming remarks

LIMA (Reuters) – Bank of England Governor Mark Carney struck back on Thursday at critics of his recent remarks about the effect of climate change, saying it has real effects on the insurance industry, which the central bank regulates.

He said the Group of 20 leading industrialized nations had this year asked the Financial Stability Board, which coordinates financial regulation of the G20 and which Carney chairs, to produce an assessment of the implications of climate change for financial stability.

Oct 8, 2015

Bank of England head rebuts critics of his global warming remarks

LIMA (Reuters) – Bank of England Governor Mark Carney struck back on Thursday at critics of his recent remarks about the effect of climate change, saying it has real effects on the insurance industry, which the central bank regulates.

He said the Group of 20 leading industrialized nations had this year asked the Financial Stability Board, which coordinates financial regulation of the G20 and which Carney chairs, to produce an assessment of the implications of climate change for financial stability.

Oct 8, 2015

No room for mistakes by central banks amid ‘new mediocre’

LIMA (Reuters) – Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund’s meeting.

Despite $7 trillion in quantitative easing from banks in industrial nations since the global financial crisis, the world is stuck in a “new mediocre” growth pattern, IMF chief Christine Lagarde said on Thursday.

Oct 8, 2015

Carney says Bank of England rate hike not Fed-dependent

LIMA, Oct 8 (Reuters) – The Bank of England will not
necessarily wait for a hike from the U.S. Federal Reserve before
it raises interest rates, Governor Mark Carney said on Thursday.

“The exact timing of the Fed move is not decisive for the
timing of the move by the Bank of England,” Carney said in a
seminar at the annual meeting of the International Monetary
Fund.