October 31st, 2014

Business

Japan’s huge public pension fund OK’s plan to boost share purchases, pare bond holdings

By The Associated Press on October 31st, 2014

TOKYO – Japan’s $1.1 trillion public pension fund has approved a plan to double its holdings of shares and cut back sharply on bonds in its portfolio to help improve its investment returns. The Government Pension Investment Fund endorsed the change in investment strategy on Friday. Prime Minister Shinzo Abe and other officials say it ... Read More »

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Japan central bank unexpectedly expands asset purchases to shore up shaky recovery

By Elaine Kurtenbach, The Associated Press on October 31st, 2014

TOKYO – Japan’s central bank expanded its asset purchases in a surprise move Friday to shore up sagging growth in the world’s No. 3 economy. The Bank of Japan said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($91 billion to $181 billion) to about 80 trillion yen ... Read More »

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Japan stock index soars 5 per cent, yen falls after BOJ announces new stimulus

By Youkyung Lee, The Associated Press on October 31st, 2014

SEOUL, South Korea – Japan’s stock index surged 5 per cent and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery. Other Asian stock markets were also higher after the Japanese central bank’s announcement. The dollar rose 1.4 per cent to 110.90 ... Read More »

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Police search Boeing aircraft plant in Washington after reports of armed man; nothing found

By The Associated Press on October 30th, 2014

EVERETT, Wash. – Police in Everett, Washington, say they have searched a portion of a Boeing aircraft plant after two employees reported seeing what appeared to be an armed man, but officers found nothing to substantiate the reports. More than two hours after the 7 p.m. reports of a man possibly carrying a rifle, police ... Read More »

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Police investigate reports of armed man at Boeing aircraft plant in Everett, Washington

By The Associated Press on October 30th, 2014

EVERETT, Wash. – Police in Everett, Washington, are searching buildings at the Boeing plant there as they check unconfirmed reports of a man with a weapon. Nearly an hour after first reporting the incident, police said on their official Twitter feed that officers still have “no sightings of male with weapon.” Everett police spokesman Aaron ... Read More »

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Police, Boeing investigate reports of armed man at aircraft plant in Everett, Washington

By The Associated Press on October 30th, 2014

EVERETT, Wash. – Police in Everett, Washington, say they’re responding to unconfirmed reports of a man with a weapon at the Boeing plant there. According to KOMO-TV, Everett police spokesman Aaron Snell says there have been no reports of shots fired or any injuries. Snell says several people called police Thursday evening to report an ... Read More »

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Fairfax Financial swings to Q3 profit of US$461.2M on investment gains

By The Canadian Press on October 30th, 2014

TORONTO – Fairfax Financial Holdings Ltd. (TSX:FFH) said Thursday that gains on its investment portfolio moved the property and casualty insurer back into profitable territory in the third quarter compared with the same period a year earlier. The Toronto-based company, which reports in U.S. dollars, said net earnings attributable to shareholders were $461.2 million versus ... Read More »

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Harper courts suburban voters with broad tax relief for families with kids

By Jennifer Ditchburn, The Canadian Press on October 30th, 2014

OTTAWA – Three months before millions of Canadians get their voter information cards for the 2015 federal election, they’ll find something else in their mailboxes: a cheque from the Conservative government. A $60 monthly tax benefit for families with children aged six through 17 is the kind of targeted, easy-to-understand government initiative that helped the ... Read More »

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Salt Lake City optimistic about future Olympic bid as it maintains, upgrades 2002 venues

By Brady McCombs, The Associated Press on October 30th, 2014

KEARNS, Utah – Salt Lake City officials don’t know exactly when they will get to bid for another Winter Olympics, but the host city of the 2002 games wants the world to know it is ready and willing whenever given a chance. Several prominent figures gathered Thursday at the Olympic Oval speed skating facility in ... Read More »

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A quick look at new family benefits announced by the prime minister

By The Canadian Press on October 30th, 2014

OTTAWA – A look at the family-friendly tax measures announced Thursday by Prime Minister Stephen Harper: Income splitting: A “family tax cut” will allow an eligible taxpayer to transfer up to $50,000 of income to his or her spouse for tax purposes in order to collect a non-refundable tax credit of up to $2,000 a ... Read More »

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