China warned the United States against trying to limit investment ties between the two countries, even as the Trump administration contradicted a report that Washington might be considering removing Chinese companies from American stock exchanges. The foreign ministry appealed to Washington to “meet us halfway” and resolve disputes amid a tariff war that threatens to […]
The University of California is dumping fossil fuel investments from its nearly $84 billion pension and endowment funds, calling them a financial risk. An opinion article in Tuesday’s Los Angeles Times says the university will make its endowment fund “fossil free” by month’s end and its pension fund, which covers 320,000 people, will soon follow. Read: Divesting from […]
Spanish multinational Ferrovial S.A. is appealing an Ontario Superior Court decision that cleared the way for SNC-Lavalin Group Inc. to proceed with the $3.25-billion sale of a stake in the 407 toll highway to the Canada Plan Plan Investment Board. An SNC-Lavalin spokesman said in an email that even if the decision were reversed on […]
The Ontario Teachers’ Pension Plan is partnering with Google parent company Alphabet Inc. and affiliate Sidewalk Labs to launch a new company that invests in North American infrastructure. The spin-out of Sidewalk Labs called Sidewalk Infrastructure Partners, plans to hold, operate and invest in advanced infrastructure for the digital age. “We will bring our infrastructure and […]
A new University of Guelph study says the wage gap has closed between women and men with newly earned PhDs. The study, which focuses on gender equity in the labour market, found that both male and female doctoral graduates earn about $70,000 annually during the first three years after convocation. Prof. David Walters says this […]
The California State Teachers’ Retirement System says it wants to join a lawsuit seeking to change Facebook Inc.’s corporate governance practices. The pension fund said Tuesday it will ask a judge to be added to a pending lawsuit against Facebook’s leadership, which includes its chief executive officer, Mark Zuckerberg. Read: NZ pension funds pushing for change at Facebook, […]
The Federal Court of Appeal has dismissed a legal challenge by former Air Canada pilots who claimed the company was wrong to force some to retire at age 60. The dismissal of an appeal by 18 ex-pilots stems back to a Canadian Human Rights Tribunal ruling that the airline had the right to compel some pilots to retire […]
SNC-Lavalin Group Inc. says an Ontario judge has cleared it to proceed with the $3.25-billion sale of a stake in the 407 toll highway, paving the way for the beleaguered company to pay off hundreds of millions in debt. The engineering giant says the Ontario Superior Court has dismissed an attempt by Cintra Global to […]
Prince Edward Island has added six new drugs to the provincial formulary. People dealing with arthritis, diabetes, chronic obstructive pulmonary disease, lung cancer, heart failure and those receiving radiation therapy will now have help in paying for prescription medications. The promise to help provide better access to medications was made in the 2019-20 provincial budget […]
The European Central Bank joined the U.S. Federal Reserve in saying that more stimulus could be coming soon to support an economy weakening in the face of global tensions over trade. The ECB said Thursday after a policy meeting that it could cut interest rates as its next move and was studying ways to restart […]