The world of monetary policy, according to Christine Lagarde

Christine Lagarde, who will head the ECB, has shown to support its various positions.AFP Getty file photo Governments hoping their nominee for European Central Bank president will keep a steady hand on euro-zone monetary policy can probably take heart from Christine Lagarde’s public views. Lagarde, a lawyer and former politician rather than an economist, has …

Mark Carney seen as favourite to take top job at International Monetary Fund

Bank of England Governor Mark Carney.Bloomberg Bank of England Governor Mark Carney is the favourite to replace Christine Lagarde as managing director of the International Monetary Fund, according to an online oddsmaker. The Canadian, due to leave the BOE in January, is placed at 7-to-2 to take the IMF job, according to Betway. Lagarde was …

Brookfield weighs bid for Iberian hydro assets owned by China Three Gorges

An EDP-Energias de Portugal SA power station is seen in Carregado, Portugal.Vanda de Mello/Bloomberg Brookfield Asset Management Inc. and Endesa SA are among companies weighing bids for a package of EDP-Energias de Portugal SA electricity assets that could fetch about 2 billion euros (US$2.3 billion), people familiar with the matter said. The Portuguese utility is …

Mark Carney seen as favourite to take top job at International Monetary Fund

Bank of England Governor Mark Carney.Bloomberg Bank of England Governor Mark Carney is the favourite to replace Christine Lagarde as managing director of the International Monetary Fund, according to an online oddsmaker. The Canadian, due to leave the BOE in January, is placed at 7-to-2 to take the IMF job, according to Betway. Lagarde was …

Brookfield weighs bid for Iberian hydro assets owned by China Three Gorges

An EDP-Energias de Portugal SA power station is seen in Carregado, Portugal.Vanda de Mello/Bloomberg Brookfield Asset Management Inc. and Endesa SA are among companies weighing bids for a package of EDP-Energias de Portugal SA electricity assets that could fetch about 2 billion euros (US$2.3 billion), people familiar with the matter said. The Portuguese utility is …

Indigo’s latest earnings were ‘severely hurt’ by the Canada Post strike: CEO

Indigo founder and chief executive officer Heather Reisman said the company had seen double-digit growth until the postal strike began Oct. 23, bringing double-digit declines with it.Peter J. Thompson/National Post files TORONTO — Indigo Books and Music Inc. said the one-month Canada Post strike last fall “severely hurt” third-quarter earnings, contributing to a roughly 50 …

Trump nominates U.S. Treasury’s David Malpass to lead World Bank

President Donald Trump announces his nomination of David Malpass, under secretary of the Treasury for international affairs, to head the World Bank, during an event in the Rosevelt Room of the White House, Wednesday, in Washington.AP Photo/ Evan Vucci WASHINGTON — U.S. President Donald Trump said on Wednesday that the World Bank Group should be …

Tim Hortons, franchisee group close to settling 2 class-action lawsuits

Tim Hortons has been working more closely with its restaurant owners for the past year, its president said.Jonathan Hayward/The Canadian Press Tim Hortons and an association representing some of its frustrated franchisees are close to reaching a settlement in two class-action lawsuits the group filed against the coffee-and-doughnut chain. Tim Hortons and the Great White …

Gucci pulls ‘blackface sweater’ from stores after complaints

A screenshot taken on Thursday Feb.7, 2019 from an online fashion outlet showing a Gucci turtleneck black wool balaclava sweater for sale, that they recently pulled from its online and physical stores. Gucci has apologized for the wool sweater that resembled a "blackface" and said the item had been removed from its online and physical …