Corporate governance - Vigil

Latin America’s largest economy mitigated the initial economic hit of coronavirus last year with a massive stimulus package worth more than 8 per cent of gross domestic product, resulting in an output contraction of less than 5 per cent, considerably smaller than other countries in the region. But that leaves Brazil with public debt of more than 90 per cent of GDP.

The head of the world’s largest sovereign wealth fund has warned that market exuberance seen in the rise of blank-cheque vehicles and amateur traders cannot “go on forever”.

Government debt around the world shot up last year to approach levels last seen in the aftermath of World War II, as nations stepped up spending to fight the Covid-19 pandemic and its economic fallout, the International Monetary Fund said Thursday.

The suspension of its rule book could offer space for a wider rethink

To many observers, Delaware corporate law appears to be founded on shareholder-centric philosophies. As companies and board members transition to more stakeholder-centric structures, this could prove to be a challenge.

The private investment firm urged Ovintiv to alter its capital spending and focus on governance and said the board had allowed Ovintiv to become an environmental laggard, trailing peers on key environmental metrics.

The Ontario government has not revealed its metrics for reopening schools in COVID-19 hot-spot regions, sowing confusion among school-board officials and concerns that insufficient safety measures will be in place when students return to the classroom.

Ferreira assumes the new position, reviving a role Vachon once held, on Feb. 1

Ant Group Co. is planning to turn itself into a financial holding company overseen by China’s central bank, responding to pressure to fall fully in line with financial regulations, according to people familiar with the matter.

Federal Reserve officials are likely to acknowledge recent signs of economic weakening but keep policy on hold at a meeting that concludes Wednesday, choosing to wait and see if business activity picks up.

FedEx Ground CEO Henry Maier will retire from the Memphis-based logistics giant in July after 35 years with the company.

The independent commission advising the German government on vaccination policy has recommended that the AstraZeneca vaccine not be used for people aged over 65, in a move likely to complicate the acrimonious rollout of the jab in the EU.

Pandemic’s fiscal legacy can be borne thanks to lower interest rates, according to fund

The number of international travellers flying into Canada dropped by a third after passengers were required earlier this month to present a negative COVID-19 test before boarding a plane.

The European Union demanded that AstraZeneca PLC stick to a previously agreed schedule for delivering doses of its Covid-19 vaccine to the 27-nation bloc and, if necessary, supply the vaccine from factories in the U.K.

Exxon Mobil Corp. is preparing to make changes to its board and adopt further measures to reduce its carbon footprint as the beleaguered energy giant faces pressure from a pair of activist investors.

Goldman Sachs cut chief executive David Solomon's annual compensation by $10 million, or 36%, following a penalty deduction that resulted from the bank's role in a corruption scandal involving a Malaysian investment fund, known as 1MDB.

At Catalyst we have watched the glacial pace of progress for women and underrepresented groups for years. Along the way, the message from Corporate Canada has been fairly consistent: There’s no need for regulation, really – we’re on it. Except that most are not.

Ontario task force report on capital markets falls short on detail and analysis

The pandemic made flying tougher on all carriers, but the ones that handled the challenges best tended to be the ones that had outperformed rivals in previous years

Boeing Co. reported its biggest-ever annual loss and took a big financial hit on its new 777X jetliner, reflecting the pandemic’s worsening toll on the plane maker.

40% of consumers say they plan to shop for apparel in stores either the same amount or less after being vaccinated, according to a study by First Insight.