October 20th, 2014

Business

In blow to Japan’s Abe, trade and justice ministers both resign over election fund allegations

By Mari Yamaguchi And Elaine Kurtenbach, The Associated Press on October 19th, 2014

TOKYO – Japan’s trade and justice ministers both resigned Monday after accusations they misused campaign funds in the biggest setback so far for Prime Minister Shinzo Abe’s conservative administration. Yuko Obuchi, daughter of a former prime minister and a rising star in the ruling Liberal Democratic Party, resigned early Monday as trade minister, saying she ... Read More »

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Japan’s trade minister, female appointee to Cabinet, resigns over campaign finance allegations

By The Associated Press on October 19th, 2014

TOKYO – Japan’s trade minister has announced her resignation after allegations that she violated election laws. Yuko Obuchi’s resignation on Monday is the first for the current administration of Prime Minister Shinzo Abe and could dent his efforts to raise the profile of women both in politics and business. The questions over Obuchi’s use of ... Read More »

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Brad Pitt’s WWII drama ‘Fury’ blows away ‘Gone Girl’ to top weekend box office

By The Associated Press on October 19th, 2014

LOS ANGELES, Calif. – The bloody World War II drama “Fury” blew past “Gone Girl” at theatres this weekend. “Gone Girl” was tops at the box office for two weeks before Brad Pitt and his rag-tag group of tank mates in “Fury” blasted the film to second place. According to studio estimates Sunday, Sony’s “Fury” ... Read More »

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As oilpatch reporting season begins, crude price drop top of mind

By Lauren Krugel, The Canadian Press on October 19th, 2014

CALGARY – The recent rout in oil prices will likely be top of mind for investors as Canada’s top oilpatch players release their third-quarter results over the next few weeks. The steep drop in the key U.S. benchmark crude – to about US$80 a barrel from around US$95 just a month ago – won’t be ... Read More »

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Stock markets in for further swings, investors try to gauge depth of downturn

By Malcolm Morrison, The Canadian Press on October 19th, 2014

TORONTO – Stock markets are likely in for more volatility this week as traders wonder if sharp gains at the end of last week signal an end to what would be a relatively mild retracement – defined as a temporary reversal in the direction of a stock’s price that goes against the prevailing trend – ... Read More »

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Hack the border: Business asks government to enlist whiz kids to end delays

By Alexander Panetta, The Canadian Press on October 19th, 2014

WASHINGTON – Frustrated by costly delays at the Canada-U.S. border, the business community is urging governments to seek solutions from private-sector whiz kids. The national governments are being pressed to adopt a model popularized by high-tech startups during the original dot.com boom in the 1990s: gather a bunch of software engineers in one room, give ... Read More »

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Russian container ship towed away from Canadian coast after drifting again in rough seas

By Rudy Kelly, The Associated Press on October 18th, 2014

PRINCE RUPERT, B.C. – A large tug boat was pulling a disabled Russian cargo ship along British Columbia’s coast, ending fears that the vessel carrying hundreds of tons of fuel would drift ashore, hit rocks and spill. Lt. Paul Pendergast of the Canadian Forces’ Joint Rescue Co-ordination Centre said the Barbara Foss arrived Saturday evening ... Read More »

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Canada’s coast guard says Russian container ship carrying fuel drifting again in rough seas

By Rudy Kelly And Rob Gillies, The Associated Press on October 18th, 2014

PRINCE RUPERT, B.C. – A disabled Russian container ship carrying hundreds of tons of fuel is adrift again but officials said Saturday there is no immediate risk of it reaching shore, hitting rocks and causing a spill. Royal Canadian Navy Lt. Greg Menzies said a tow line from the Coast Guard ship Gordon Reid got ... Read More »

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Canada’s coast guard tows Russian container ship carrying fuel that was drifting in rough seas

By Rudy Kelly And Rob Gillies, The Associated Press on October 18th, 2014

PRINCE RUPERT, B.C. – A Canadian Coast Guard vessel continued to slowly tow a disabled Russian container ship carrying hundreds of tons of fuel away from British Columbia’s pristine northern coast on Saturday. The move significantly lessened the threat of the ship running aground, hitting the rocks and causing a spill. The Canadian Forces’ joint ... Read More »

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Canada’s coast guard tows Russian ship carrying fuel that was drifting in rough seas

By Rudy Kelly, The Associated Press on October 18th, 2014

PRINCE RUPERT, B.C. – Canadian coast guard officials secured a towline to a Russian container ship carrying hundreds of tons of fuel as it drifted without power in rough seas off British Columbia’s pristine northern coast. The move lessened the threat of the ship running aground, hitting the rocks and causing a spill. The Canadian ... Read More »

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