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.
The 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.
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.
AFP - 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.
AFP - 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.
AFP - BERLIN (AFP) - Germany will agree to European countries providing bilateral assistance to debt-stricken Greece, Finance Minister Wolfgang Schaeuble said Saturday.
AFP - 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.
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.
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.
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.
Reuters - 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.
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.
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.
Reuters - 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.
Reuters - 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.
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.
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.
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.
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.
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.
Reuters - 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.
Reuters - 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.
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.
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.
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.
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.
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.
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.
AFP - 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.
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.
Reuters - 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.
The 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.
Reuters - 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.
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.
Reuters - 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.
AFP - 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.
The 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.
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).
Reuters - 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.
AFP - 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.
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.
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.
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.
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.