Take Stock – December 14

A key central bank report shows that confidence at major Japanese manufacturers has improved for the third quarter. In the Bank of Japan’s closely watched “tankan” quarterly survey of business sentiment, the main index for large manufacturers stands at minus 24.

Confidence improves

TOKYO — A key central bank report shows that confidence at major Japanese manufacturers has improved for the third quarter. In the Bank of Japan’s closely watched “tankan” quarterly survey of business sentiment, the main index for large manufacturers stands at minus 24. Three months ago the index stood at minus 33.

The figure represents the percentage of companies saying business conditions are good minus those saying conditions are unfavourable.


Airline not snubbed

ST. GEORGE’S, Grenada — Canadian-based Sunwing Airlines Inc. says it is not bothered by Grenada’s lack of a welcoming ceremony for its inaugural flight to the southern Caribbean island.

The absence of formal fanfare for the Nov. 23 flight prompted an outcry from the island’s tourism industry and led to the suspension of Grenada’s top tourism official But Sunwing vice president Lawrence R. Elliott says in a letter that the airline was “not offended by any lack of a formal greeting.” plans a formal The Island nation plans a welcoming ceremony for Sunwing today.

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