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Sun, 21 Mar 2010 00:18:00 GMT
The Canadian Press - GUELPH, Ont. - A construction company in Guelph, Ont. is laying off over 80 employees.
Sat, 20 Mar 2010 23:23:00 GMT
The Canadian Press - WASHINGTON - The U.S. needs major changes to its financial system so consumers are better protected, banks fortified and the economy safeguarded from sliding into another Depression, President Barack Obama said Saturday.
Sat, 20 Mar 2010 22:58:00 GMT

Members of the Unite union, supporters of the British Airways strike, chant slogans at a picket line at Heathrow Airport in London, Saturday March 20, 2010. British Airways canceled more than 1,000 flights after its cabin crew launched a three-day strike Saturday, wreaking havoc on the plans of tens of thousands of passengers just before the busy spring holiday season. THE ASSOCIATED PRESS/Lefteris PitarakisThe Canadian Press - LONDON - Retiree Richard Moore arrived at Heathrow with a suitcase of summer clothes for a Miami cruise only to be sent to Denver. Susan Danby wondered if plans for a joint 50th birthday celebration in Las Vegas would be a losing bet.


Sat, 20 Mar 2010 21:07:00 GMT

A Unite Union banner is hung next to a picket line by British Airways cabin crew members near the entrance to Gatwick Airport. British Airways cabin crew on Saturday began a three-day strike over pay and conditions which will ground hundreds of flights, but the airline said many of its passengers were able to fly.  Photo:Carl Court/AFP AFP - LONDON (AFP) - British Airways cabin crew began a three-day strike Saturday which will force the cancellation of hundreds of flights, but the airline said many of its passengers were able to travel.


Sat, 20 Mar 2010 20:20:00 GMT

Ecuador will not forget the 'mistreatment' by China in failed talks to finance a hydroelectric station, President Rafael Correa, pictured in February 2010, said Saturday, threatening to seek financing from Taiwan.  Photo:Rodrigo Buendia/AFPAFP - QUITO (AFP) - Ecuador will not forget the "mistreatment" by China in failed talks to finance a hydroelectric station, President Rafael Correa said Saturday, threatening to seek financing from Taiwan.


Sat, 20 Mar 2010 19:57:00 GMT

Spanish Prime minister Jose Luis Rodriguez Zapatero, pictured on March 19, Saturday announced a plan to save some three billion euros (four billion dollars) a year on the state's energy bill in a further move to tackle the country's economic crisis.  Photo:Cristina Quicler/AFPAFP - MADRID (AFP) - Spain's prime minister Saturday announced a plan to save some three billion euros (four billion dollars) a year on the state's energy bill in a further move to tackle the country's economic crisis.


Sat, 20 Mar 2010 19:52:00 GMT

Germany will agree to European countries providing bilateral assistance to debt-stricken Greece, Finance Minister Wolfgang Schaeuble, pictured on March 19, said Saturday.  Photo:Berthold Stadler/AFP AFP - BERLIN (AFP) - Germany will agree to European countries providing bilateral assistance to debt-stricken Greece, Finance Minister Wolfgang Schaeuble said Saturday.


Sat, 20 Mar 2010 18:53:00 GMT

Bulgarian police officiers rally in front of the National Theater in Sofia. About 2,000 Bulgarian police and other state employees rallied Saturday in Sofia against government plans to cut their salaries in a bid to balance the country's budget.  Photo:Nikolay Doychinov/AFPAFP - SOFIA (AFP) - About 2,000 Bulgarian police and other state employees rallied Saturday in Sofia against government plans to cut their salaries in a bid to balance the country's budget.


Sat, 20 Mar 2010 17:39:00 GMT
Reuters - CHICAGO (Reuters) - A former Lehman Brothers Holdings Inc executive warned months before the bank's collapse that senior management was potentially misleading investors and regulators about the value of the firm's assets, the Wall Street Journal reported on Saturday.
Sat, 20 Mar 2010 16:57:00 GMT

Chinese media unleashed a torrent of criticism against Google on Saturday after reports it would leave the country, with state news agency Xinhua alleging the company was linked to US intelligence.  Photo:Liu Jin/AFP AFP - BEIJING (AFP) - Chinese media unleashed a torrent of criticism against Google on Saturday after reports it would leave the country, with state news agency Xinhua alleging the company was linked to US intelligence.


Sat, 20 Mar 2010 16:03:00 GMT
Reuters - BERLIN (Reuters) - An insolvency mechanism should be set up for nations that are unable to manage their debts, Horst Koehler, Germany's president and a former head of the International Monetary Fund, said in an interview on Saturday.
Sat, 20 Mar 2010 16:02:00 GMT

A man pulls a cycle-rickshaw with goods in front of a shop with boards of Bharti Airtel in Kolkata February 18, 2010. REUTERS/Parth SanyalReuters - NEW DELHI (Reuters) - The board of India's Bharti Airtel on Saturday approved a $9 billion offer for Kuwaiti telecom Zain's African assets, Bloomberg reported, citing two people with knowledge of the negotiations.


Sat, 20 Mar 2010 16:01:00 GMT

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, March 17, 2010, before the House Financial Services Committee. (THE ASSOCIATED PRESS/Pablo Martinez Monsivais)The Canadian Press - WASHINGTON - Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.


Sat, 20 Mar 2010 15:45:00 GMT

Germany will agree to European countries providing bilateral assistance to debt-stricken Greece, Finance Minister Wolfgang Schaeuble, pictured on March 19, said Saturday.  Photo:Berthold Stadler/AFP AFP - ATHENS (AFP) - Greek Prime Minister George Papandreou implicitly criticised Germany on Saturday for opposing efforts to help his country out of its fiscal crisis, warning they risked destabilising the EU.


Sat, 20 Mar 2010 14:08:00 GMT

A view of Jumerah Emirates towers in Dubai December 21, 2009. REUTERS/Ahmed JadallahReuters - DUBAI (Reuters) - The trillion dollar Islamic finance industry is looking beyond the troubles of Dubai developer Nakheel at possible reforms that could help draw more interest from Western players.


Sat, 20 Mar 2010 13:00:00 GMT

Greece's Prime Minister George Papandreou enters a hall where a cabinet meeting will take place inside the parliament in Athens March 18, 2010. REUTERS/Yiorgos KarahalisReuters - ATHENS (Reuters) - Greece has taken the necessary steps to tackle its fiscal crisis and will not default on its debt obligations, the country's prime minister said on Saturday in a speech to his socialist party's national council.


Sat, 20 Mar 2010 10:20:00 GMT
The Canadian Press - LONDON - Britain's main opposition Conservative Party says it will impose a new tax on banks to avoid taxpayers bearing the cost of any future bailouts if the party wins upcoming general elections.
Sat, 20 Mar 2010 05:16:00 GMT

A Rio Tinto sign is pictured at the Shanghai offices of the firm. The trial of four Rio Tinto employees next week will be widely watched as a test of whether China is willing to honour commitments to foreign investors and be a responsible member of the world community.  Photo:Philippe Lopez/AFP AFP - BEIJING (AFP) - The trial of four Rio Tinto employees next week will be widely watched as a test of whether China is willing to honour commitments to foreign investors and be a responsible member of the world community.


Sat, 20 Mar 2010 02:57:00 GMT

The US Air Force tanker bidding contest against Boeing heated up, with Airbus parent EADS mulling a proposal and Russia's state firm UAC gearing up for one next week.  Photo:Eric Piermont/AFP AFP - WASHINGTON (AFP) - The US Air Force tanker bidding contest against Boeing heated up, with Airbus parent EADS mulling a proposal and Russia's state firm UAC gearing up for one next week.


Sat, 20 Mar 2010 01:54:00 GMT
The Canadian Press - TORONTO - TMX Group Inc. (TSX:X) says it will reduce its trading fees for securities trading at $1 or higher on the Toronto Stock Exchange and the TSX Venture Exchange.
Sat, 20 Mar 2010 01:53:00 GMT
The Canadian Press - WASHINGTON - Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.
Sat, 20 Mar 2010 01:23:00 GMT

A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark BlinchReuters - NEW YORK (Reuters) - TMX Group Inc , the operator of the Toronto Stock Exchange, on Friday said it will reduce trading fees for securities trading at C$1 and higher on the TSE and the TSX Venture Exchange.


Sat, 20 Mar 2010 00:45:00 GMT

Tourists take photos in front of the Parthenon temple at the Acropolis in Athens, March 18, 2010. REUTERS/John KolesidisReuters - BRUSSELS/ATHENS (Reuters) - European Commission President Jose Manuel Barroso urged EU member states on Friday to agree a standby aid package Greece after Athens said it could turn to the IMF for help.


Sat, 20 Mar 2010 00:39:00 GMT
The Canadian Press - TORONTO - Barrick Gold Corp. (TSX:ABX) expects that an initial public offering for a quarter stake in its African properties will reap US$834 million in cash for the global mining giant.
Fri, 19 Mar 2010 23:49:00 GMT

A man carries fruit boxes at the wholesale fruit market in Lima. Peru is aiming to complete negotiations on free trade agreements with Japan and South Korea in April, Trade Minister Martin Perez said Friday.  Photo:Ernesto Benavides/AFP AFP - LIMA (AFP) - Peru is aiming to complete negotiations on free trade agreements with Japan and South Korea in April, Trade Minister Martin Perez said Friday.


Fri, 19 Mar 2010 22:48:00 GMT

EU commissioner for Internal Market and Services French Michel Barnier, seen here in Brussells, sought on Friday to calm US fears of discrimination over European financial services reforms that would regulate hedge funds.  Photo:Georges Gobet/AFP AFP - PARIS (AFP) - EU financial services commissioner Michel Barnier sought on Friday to calm US fears of discrimination over European financial services reforms that would regulate hedge funds.


Fri, 19 Mar 2010 22:13:00 GMT

Japanese Prime Minister Yukio Hatoyama prays for victims of the 1995 sarin gas attacks by the Aum Supreme Truth cult group, at Tokyo's Kasumigaseki Station, on March 20. Tokyo marked the 15th anniversary of the attacks that left 13 people dead and more than 6,000 injured.  Photo:/AFP The Canadian Press - NEW YORK - Oil prices slumped at the end of the week as continued uncertainty about Greece's economy helped lift the U.S. currency higher.


Fri, 19 Mar 2010 21:48:00 GMT
The Canadian Press - NEW YORK - Activist shareholder Carl Icahn raised the stakes in his year-long dispute with Lions Gate Entertainment Corp. on Friday, launching an all-out bid to take over the movie studio following disagreements over its spending.
Fri, 19 Mar 2010 21:44:00 GMT

This picture taken on January 2010 in Paris shows the internet homepage of the YouTube website. YouTube's creators walked away with hundreds of millions of dollars after the startup was bought by Google in 2006, according to documents released in a copyright brawl between Viacom and Google.  Photo:Loic Venance/AFP AFP - NEW YORK (AFP) - YouTube's creators walked away with hundreds of millions of dollars after the startup was bought by Google in 2006, according to documents released in a copyright brawl between Viacom and Google.


Fri, 19 Mar 2010 21:32:00 GMT

European leaders must agree on financial help for debt-laden Greece at their summit next week, Greek Prime Minister George Papandreou said Thursday. Duration: 00:55  Photo:/AFPAFP - BRUSSELS (AFP) - Europe split over IMF intervention for debt-ridden Greece on Friday, upping pressure on national leaders to resolve crisis plans just days from a crunch EU summit.


Fri, 19 Mar 2010 21:23:00 GMT
The Canadian Press - MONTREAL - AbitibiBowater is inching closer towards an exit from creditor protection after some union workers in Quebec approved concession-filled tentative agreements and the newsprint giant moved to sell a B.C. wood and paper mill.
Fri, 19 Mar 2010 21:13:00 GMT

A Canadian dollar, or loonie, sits on top of its American counterpart in Toronto Thursday Sept. 20, 2007. THE CANADIAN PRESS/Adrian WyldReuters - TORONTO (Reuters) - The Canadian dollar nearly wiped out the week's gain against the U.S. currency in a volatile session on Friday, rattled by a global move away from riskier assets that took down the price of key commodities.


Fri, 19 Mar 2010 21:05:00 GMT

An investor looks at a stock price monitor at a private securities company in Shanghai, China. THE ASSOCIATED PRESS/Eugene HoshikoThe Canadian Press - TORONTO - Commodity stocks led the way to a sharply lower session on the Toronto stock market Friday after uncertainty over the Greek financial crisis pushed the U.S. dollar higher, which in turn helped drive down prices for oil and metals.


Fri, 19 Mar 2010 20:56:00 GMT

People walk by a sign displaying TSX information in Toronto, August 17, 2009. REUTERS/Mark BlinchReuters - TORONTO (Reuters) - Toronto's main stock index ended lower for a second straight session on Friday, dropping below the 12,000 mark as weak commodity prices hit heavily weighted petroleum and metal producers.


Fri, 19 Mar 2010 20:50:00 GMT
The Canadian Press - CALGARY - With the Canadian dollar's recent rise toward parity, and oil trudging higher over the last few months, the days of pricey gasoline might seem to be once again close at hand.
Fri, 19 Mar 2010 20:26:00 GMT

Tourists take photos in front of the Parthenon temple at the Acropolis in Athens, March 18, 2010. REUTERS/John KolesidisReuters - BRUSSELS/ATHENS (Reuters) - The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree a standby aid package for Greece next week but France and Germany struck different notes and the euro slid.


Fri, 19 Mar 2010 20:20:00 GMT

EADS opened the door Friday to a bid against Boeing for a lucrative US Air Force tanker contract after the Pentagon signaled a flexible deadline to accommodate the European aerospace giant.  Photo:Eric Piermont/AFPAFP - WASHINGTON (AFP) - EADS opened the door Friday to a bid against Boeing for a lucrative US Air Force tanker contract after the Pentagon signaled a flexible deadline to accommodate the European aerospace giant.


Fri, 19 Mar 2010 20:16:00 GMT

A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark BlinchThe Canadian Press - OTTAWA - Consumer prices and retail sales jumped higher than expected according to data released Friday, setting the stage for a second strong economic quarter - and the prospect of higher interest rates.


Fri, 19 Mar 2010 20:08:00 GMT

A British Airways cabin crew member leaves Sandown Park racecourse in Surrey after a Unite trade union meeting. Last-ditch talks aimed at preventing a strike by some 12,000 British Airways (BA) cabin crew collapsed Friday, leaving thousands of travellers facing chaos from midnight (0000 GMT).  Photo:Geoff Caddick/AFP AFP - LONDON (AFP) - Last-ditch talks aimed at preventing a strike by some 12,000 British Airways (BA) cabin crew collapsed Friday, leaving thousands of travellers facing chaos from midnight (0000 GMT).


Fri, 19 Mar 2010 20:04:00 GMT

An employee counts U.S. dollar banknotes at a branch of Huaxia Bank in Shenyang, Liaoning province March 18, 2010. REUTERS/Sheng LiReuters - BEIJING (Reuters) - China on Friday said it was sending an envoy to Washington to try to ease trade frictions as its currency regime comes under fire, warning that threats from U.S. legislators could stifle room for progress.


Fri, 19 Mar 2010 19:51:00 GMT

The president of the Inter-American Development Bank (IDB), Colombian Luis Alberto Moreno speaks in 2009. The IDB sought a boost in capital for increased lending to Latin America and the Caribbean as its annual meeting opened on Friday in Mexico.  Photo:Mauricio Duenas/AFPAFP - CANCUN (AFP) - The Inter-American Development Bank (IDB) sought a boost in capital for increased lending to Latin America and the Caribbean as its annual meeting opened on Friday in Mexico.


Fri, 19 Mar 2010 19:51:00 GMT
Reuters - TORONTO (Reuters) - Low-cost wireless carrier Globalive Communication Corp said it could get by without securing the several hundred million dollars in new financing it is currently discussing with potential backers as it aggressively looks to expand its Canadian market share.
Fri, 19 Mar 2010 19:19:00 GMT
The Canadian Press - BRANTFORD, Ont. - Liquidation World Inc. (TSX:LQW) says it has closed $2 million in private-placement financing with two investment firms run by its own board members.
Fri, 19 Mar 2010 19:17:00 GMT
Reuters - OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper declined to comment on the rising Canadian dollar on Friday but noted the central bank had expressed concerns about the risk to economic recovery posed by the currency's appreciation.
Fri, 19 Mar 2010 18:53:00 GMT
The Canadian Press - MONTREAL - Insolvent newsprint giant AbitibiBowater is unloading more assets as it seeks a Quebec court's permission to sell its largely idled Mackenzie, B.C., wood and paper mills to a subsidiary of privately-held Conifex Inc. for an undisclosed price.
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