Italia markets open in 7 hours 16 minutes
  • CNW Group

    10 richest men double their fortunes in pandemic while incomes of 99 per cent of humanity fall

    The world's 10 richest men more than doubled their fortunes from $875 billion to $1.9 trillion CAD — at a rate of $18,700 per second or $1.63 billion CAD a day — during the first two years of a pandemic that has seen the incomes of 99 per cent of humanity fall and over 160 million more people forced into poverty. They now have six times more wealth than the poorest 3.1 billion people.

  • Reuters

    Moody's places all Citibanamex ratings, assessments on review for downgrade

    Ratings agency Moody's Investors Service on Sunday placed all ratings and assessments of the consumer banking arm of Citigroup in Mexico on review for downgrade. In a statement, Moody's said the review was triggered by Citigroup's announcement that it would sell its Citibanamex https://www.reuters.com/business/citi-exit-mexican-consumer-banking-business-strategy-revamp-2022-01-11 consumer banking operations, which will end a two decade retail presence in Mexico. All ratings and assessments were on review, except the bank's short-term Mexican National Scale deposit rating of MX-1, Moody's said.

  • Reuters

    UPDATE 1-N.Korea fires suspected ballistic missile - Japan

    North Korea fired on Monday what could be a ballistic missile, Japan's coast guard said, in what would be the fourth test this month as Pyongyang forges ahead with new military developments amid stalled stalks with the United States and South Korea. South Korea's military also reported that the North had fired an "unidentified projectile" toward the ocean off its east coast. Since New Year's Day, North Korea has conducted three other tests, an unusual frequency of weapons tests.