Tag: Terran

ADB trims Asian outlook citing trade wars global slowdown

BANGKOK — The Asian Development Bank says that escalating trade tensions will sap Asian economies of some of their potential in this year and the next.The regional lender says in a report released Wednesday that it expects regional growth of 5.4% this year and 5.5% in the coming year, slightly below its earlier forecasts.The report cites a risk of a further deterioration in trade friction, such as the tariff war between China and the U.S. and a festering dispute between Japan and South Korea.It said uncertainty over such rifts could also further destabilize financial markets, compounding the problems.In broader terms, the report urges regional governments to do a better job of providing affordable housing and public transport to help support growth and improvements in urban living standards.The Associated Press read more

Pacini Restaurants moving beyond Quebec with expansion in Canada and US

MONTREAL — Quebec-based Pacini Restaurants Inc. is aiming to pierce the U.S. market and expand across Canada as it prepares to open more than 200 locations across North America within the next decade.The privately owned Italian-style chain is looking to partner with hotel chains that it hopes will become franchisees.President Nathalie Lehoux says the company is looking to take advantage of hotels seeking to open restaurants that will attract a large clientele beyond just hotel guests.By fall, Pacini will have 30 restaurants open in Canada, with 25 in Quebec.It’s in the process of opening its first Ontario location in Mississauga at a Marriott Hotel and will soon have three in Alberta.Lehoux says it hopes to have at least two locations in every province but wouldn’t say how many it expects to have in the U.S. read more