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Halifax Water is reversing course on its February request to increase its rates for water and wastewater services. In a news release Monday, the utility said it has recommended to the Nova Scotia Utility and Review Board (NSUARB) that there be no increase in water rates for the next two years. “In addition, the utility is recommending no increase in […]
Read more* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts, updates prices) By Yoruk Bahceli LONDON, May 25 (Reuters) – Italian bond yields shrugged off a paper from hawkish European Union states opposing a Franco-German proposal for a grants-based coronavirus recovery fund, dropping to six-week lows on Monday. Austria, Sweden, Denmark and the Netherlands outlined on Saturday their previously voiced opposition […]
Read moreHANOI (REUTERS) – Vietnam plans a 15.84 trillion dong (S$970 million) cut in corporate income tax for small-sized enterprises this year to help them overcome the impact of the coronavirus pandemic, the Ministry of Finance said on Monday (May 25). The ministry is seeking a 30 per cent cut in corporate income tax for companies with annual revenue of less […]
Read moreROME, May 24 (Reuters) – Italy recorded 50 new deaths from the COVID-19 epidemic on Sunday against 119 the day before, the Civil Protection Agency said. However, it added that the data did not include deaths from the worst affected Lombardy region due to technical problems. The daily tally of new cases declined to 531 from 669 on Saturday. The […]
Read moreNegative interest rates are creeping into Singapore. The nation’s overnight borrowing rate was less than two basis points above zero on Tuesday, down from the year’s high of 1.68 per cent in January. The one-month swap offer rate, the cost to borrow the city’s currency for United States dollar investors, fell below zero on Wednesday for the first time in […]
Read moreNew Brunswick has reversed its ban on temporary foreign workers almost a month after it was first announced. Premier Blaine Higgs said that the decision was made by the all-party cabinet committee on COVID-19 after consultations with public health professionals left them satisfied that the risk posed by workers is low. “Now that we have consulted with experts including public […]
Read moreSINGAPORE – Some 20 to 30 per cent of “mom and pop” shops may go belly up in four to six weeks if they have to continue to stay shuttered. President of the Federation of Merchants’ Associations, Singapore (FMAS) Yeo Hiang Meng has called for the Government to allow these heartland enterprises to resume business in two weeks, among other […]
Read moreTOKYO, May 22 (Reuters) – Japanese government bond prices were mixed on Friday with growing risk-off sentiment as investors were wary of diplomatic tensions between China and the United States. Benchmark 10-year JGB futures rose 0.08 point to 152.44, with a trading volume of 12,190 lots, while the 10-year JGB yield edged down half a basis point to minus 0.010%. […]
Read moreTOKYO (REUTERS) – Japan’s core consumer prices fell for the first time in more than three years in April on an annual basis, as weak oil prices and coronavirus lockdown measures heightened deflation risks. The April data was released just before the central bank announced a new loan scheme on Friday (May 22) aimed at boosting lending to small and […]
Read moreMay 22 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – New measures to keep the lights on as the pandemic takes its toll on electricity demand will cost about 500 million pounds ($611.05 million) this summer, National […]
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