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Sat, 07 Nov 2009 18:51:00 GMT

US Treasury secretary Timothy Geithner (L) speaks to British Finance Minister Alistair Darling before a G20 Finance Ministers group photograph in St Andrews, Scotland. The world's biggest economies have agreed a timetable on mutual monitoring of each other's economic policy aimed at preventing a fresh financial crisis, a G20 communique said on Saturday.  Photo:Derek Blair/AFP AFP - ST ANDREWS, Scotland (AFP) - The world's biggest economies have agreed a timetable on mutual monitoring of each other's economic policy aimed at preventing a fresh financial crisis, a G20 communique said on Saturday.


Sat, 07 Nov 2009 18:44:00 GMT

Britain's Prime Minister Gordon Brown addresses the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 7, 2009. REUTERS/Andrew WinningReuters - ST ANDREWS, Scotland (Reuters) - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.


Sat, 07 Nov 2009 18:02:00 GMT

U.S. Treasury Secretary Timothy Geithner (L) talks to Canada's Finance Minister Jim Flaherty at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 7, 2009. REUTERS/Andrew WinningReuters - ST ANDREWS, Scotland (Reuters) - Proposals for a tax on financial transactions to fund the cost of future bank bailouts are unattractive, Finance Minister Jim Flaherty said on Saturday.


Sat, 07 Nov 2009 17:23:00 GMT

A trader works on the floor of the New York Stock Exchange moments before the closing bell in November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.  Photo:Spencer Platt/AFP AFP - NEW YORK (AFP) - Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.


Sat, 07 Nov 2009 16:45:00 GMT

A Yemeni soldier stands guard at the Balhaf plant on the Gulf of Aden. Yemen has begun exporting liquefied natural gas (LNG) from its newly built LNG plant in Balhaf, with the first shipment destined for South Korea.  Photo:Marwan Naamani/AFPAFP - BALHAF, Yemen (AFP) - Yemen, one of the world's poorest countries, joined the international club of gas exporters Saturday with pumping starting at a newly built liquefied natural gas plant in the Gulf of Aden.


Sat, 07 Nov 2009 16:35:00 GMT

U.S. Treasury Secretary Timothy Geithner speaks with British Treasury chief Alistair Darling, right, as they pose for a group photo during the G20 Finance Ministers meeting at St. Andrews, Scotland, Saturday, Nov. 7, 2009. (THE ASSOCIATED PRESS/Chris Clark)The Canadian Press - ST. ANDREWS - Britain called Saturday for consideration of a tax on financial transactions to insure against another crisis and urged world finance officials meeting in Scotland to agree on bearing the cost of fighting climate change.


Sat, 07 Nov 2009 12:43:00 GMT

A Sri Lankan stall holder waits for customners at The Sri Lanka Apparel Show Gem and Jewellery Exhibition in Colombo in September. Sri Lanka's central bank has said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.  Photo:Ishara S. Kodikara/AFPAFP - COLOMBO (AFP) - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.


Sat, 07 Nov 2009 12:06:00 GMT

British Prime Minister Gordon Brown -- pictured delivering a speech on Afghanistan at the Royal College of Defence Studies in London -- has called on the G20 to consider a tax on financial transactions among other measures to make banks more accountable to society.  Photo:Oli Scarff/AFP AFP - ST ANDREWS, Scotland (AFP) - British Prime Minister Gordon Brown called on the G20 here Saturday to consider a tax on financial transactions among other measures to make banks more accountable to society.


Sat, 07 Nov 2009 10:16:00 GMT

Job seekers attend a seminar on finding jobs in San Francisco, California. The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.  Photo:Justin Sullivan/AFP AFP - WASHINGTON (AFP) - The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.


Sat, 07 Nov 2009 10:13:00 GMT

A Shell refueling station in Los Angeles, California is pictured in 2008. Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said Friday.  Photo:David Mcnew/AFPAFP - SAN FRANCISCO (AFP) - Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said.


Sat, 07 Nov 2009 08:28:00 GMT

President and Managing Director of General Motors (GM) India Karl Slym is pictured during a press conference in Ahmedabad, in October. General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.  Photo:Sam Panthaky/AFP AFP - NEW DELHI (AFP) - US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.


Sat, 07 Nov 2009 04:06:00 GMT

The Beatles perform in 1964 at the Olympia in Paris. US online music service Bluebeat said it plans to fight British recording label EMI over rights to stream and sell versions of Beatles songs.  Photo:/AFP AFP - SAN FRANCISCO (AFP) - US online music service Bluebeat said it plans to fight British recording label EMI over rights to stream and sell versions of Beatles songs.


Sat, 07 Nov 2009 02:55:00 GMT
The Canadian Press - OMAHA, Neb. - Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.
Sat, 07 Nov 2009 02:02:00 GMT
The Canadian Press - EDMONTON - AutoCanada Income Fund (TSX:ACQ.UN) said Friday that it earned $5.1 million in its latest quarter compared with a loss of $38.3 million a year ago.
Sat, 07 Nov 2009 01:19:00 GMT
The Canadian Press - Regulators on Friday shut small banks in Georgia, Michigan, Minnesota and Missouri, bringing the number of bank failures this year to 119 amid the struggling economy and a cascade of defaults on loans.
Sat, 07 Nov 2009 01:18:00 GMT
The Canadian Press - LOS ANGELES - In a tacit acknowledgment of a delay in their plan to combine, Live Nation Inc. and Ticketmaster Entertainment Inc. said in filings Friday that a shareholders meeting to approve the deal is set for Jan. 8.
Sat, 07 Nov 2009 00:50:00 GMT
The Canadian Press - EDMONTON - Epcor Utilities Inc. reported a loss in its most recent quarter on Friday compared with a profit a year ago.
Sat, 07 Nov 2009 00:31:00 GMT
The Canadian Press - TORONTO - Trustees of Livingston International Income Fund (TSX:LIV.UN) re-affirmed their recommendation Friday that unitholders vote in favour takeover by group led by the Canada Pension Plan Investment Board after receiving a second offer by Mullen Group Ltd. (TSX:MTL).
Sat, 07 Nov 2009 00:11:00 GMT
The Canadian Press - RED DEER, Alta. - Parkland Income Fund (TSX:PKI.UN) said Friday that it earned $10.1 million in its latest quarter, down from a year ago.
Sat, 07 Nov 2009 00:10:00 GMT
The Canadian Press - WASHINGTON - Freddie Mac's losses narrowed to US$6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.
Sat, 07 Nov 2009 00:09:00 GMT

Gary Simpson, an employee at the Virginia Employment Commission office, posts job postings at the office in Alexandria, Virginia November 6, 2009.  The U.S. unemployment rate hit 10.2 percent and 190,000 jobs were lost in October, exceeding expectations for a 9.9 percent rate and a loss of 175,000 jobs.  REUTERS/Molly Riley (UNITED STATES EMPLOYMENT BUSINESS)The Canadian Press - WASHINGTON - Just when it was beginning to look a little better, the U.S. economy relapsed Friday with a return to double-digit unemployment for only the second time since the Second World War and warnings that next year will be even worse than previously thought.


Fri, 06 Nov 2009 23:21:00 GMT
The Canadian Press - TORONTO - Machine parts maker General Donlee Income Fund (TSX: GDI.UN) said sales fell 36 per cent in the July-September period, citing the impact of the economic slowdown on the manufacturing industry.
Fri, 06 Nov 2009 23:13:45 GMT
CBC - Air Canada's CEO says he's seeing the first signs of economic recovery, but he doesn't expect a return to full revenues at the Montreal-based airline for at least a year.
Fri, 06 Nov 2009 23:06:00 GMT

A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark BlinchReuters - TORONTO (Reuters) - Toronto's main stock index ended higher for a fourth straight session on Friday as gold miners rallied around record high bullion prices, offsetting the index's fall at the outset on weak jobs data that fueled worry about economic recovery.


Fri, 06 Nov 2009 22:48:00 GMT

Air Canada airplanes sit parked on the tarmac.  In spite of lower passenger and cargo revenue, Air Canada turned reported a profit in the third quarter - thanks to lower fuel prices and foreign exchange gains. THE CANADIAN PRESS/Jeff McIntosh/ fileThe Canadian Press - MONTREAL - Air Canada (TSX:AC.B) is seeing small signs of improvement in air travel but says a full recovery in its key business class could be least a year away, the airline's chief executive said Friday.


Fri, 06 Nov 2009 22:47:00 GMT
The Canadian Press - MILWAUKEE - A judge has tossed out a decision - for now at least - that could have cost PepsiCo Inc. $1.26 billion after the soft drink maker didn't respond to a lawsuit claiming it stole the idea for bottled water.
Fri, 06 Nov 2009 22:40:00 GMT
The Canadian Press - WASHINGTON - President Barack Obama signed into law a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the U.S. economy veers toward recovery.
Fri, 06 Nov 2009 22:26:00 GMT
The Canadian Press - TORONTO - Shares of Magna International Inc. (TSX:MG.A) jumped more than 14 per cent in trading Friday after the auto parts company reported a third-quarter profit of $51 million and was reported to be involved in a new auto palant in Russia.
Fri, 06 Nov 2009 22:25:00 GMT
The Canadian Press - SASKATOON - Claude Resources Inc. (TSX:CRJ), a small gold miner based in Saskatoon, reports its net loss narrowed in the third quarter to $0.4 million from $1.7 million.
Fri, 06 Nov 2009 22:24:00 GMT
The Canadian Press - VANCOUVER, B.C. - Telus Corp. revenue and profit will come in lower-than-expected this year due to impacts from a weak economy and the telecom giant's increased spending on the early launch of a new advanced wireless network, the company (TSX:T) says.
Fri, 06 Nov 2009 22:23:00 GMT
The Canadian Press - NEW YORK - AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.
Fri, 06 Nov 2009 22:22:00 GMT
The Canadian Press - MONTREAL - The new head of SNC-Lavalin (TSX:SNC) says the engineering and construction company is not overly concerned about security threats to its operations in Algeria.
Fri, 06 Nov 2009 22:20:00 GMT
The Canadian Press - MONTREAL - Even though the BlackBerry is the top smartphone in North America, the iPhone is right behind and other players will also put pressure on its premiere position, analysts say.
Fri, 06 Nov 2009 22:19:00 GMT
The Canadian Press - RICHMOND, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) said Friday it has won a $46-million contract from the Canadian Space Agency to develop prototypes and new robotic systems for future space missions.
Fri, 06 Nov 2009 22:10:16 GMT

Former U.S. Federal Reserve chairman Alan Greenspan told CBC News Friday he makes regular visits to the Obama White House, but he denied he still influences policy-making.CBC - Former U.S. Federal Reserve chairman Alan Greenspan told CBC News Friday he makes regular visits to the Obama White House, but he denied he still influences policy-making.


Fri, 06 Nov 2009 21:54:00 GMT
The Canadian Press - MISSISSAUGA, Ont. - ClubLink Enterprises Ltd. (TSX:CLK) said Friday that it earned $17 million in its latest quarter, up from $14.5 million a year ago.
Fri, 06 Nov 2009 21:54:00 GMT

A Canadian one dollar coin, also know as a loonie, is shown in Montreal, April 28, 2006. REUTERS/Shaun BestReuters - TORONTO (Reuters) - Canada's currency skidded to its lowest closing level in nearly a week on Friday, stung by U.S. and Canadian jobs data that fell short of estimates and left investors with a reduced appetite for riskier assets.


Fri, 06 Nov 2009 21:49:00 GMT
The Canadian Press - CALGARY - Petrolifera Petroleum Ltd. (TSX:PDP) reported a major reversal Friday in third-quarter revenue and earnings.
Fri, 06 Nov 2009 21:48:00 GMT
The Canadian Press - MONTREAL - Shares in Cascades Inc. (TSX:CAS) increased almost five per cent on Friday after the Quebec-based paper and packaging company (TSX:CAS) reported its sixth consecutive quarter of improved results.
Fri, 06 Nov 2009 21:48:00 GMT
The Canadian Press - VANCOUVER, B.C. - The Keg Royalties Income Fund (TSX:KEG.UN) said Friday that it earned $2.9 million in its latest quarter as sales held steady compared with a year ago.
Fri, 06 Nov 2009 21:47:00 GMT
The Canadian Press - HALIFAX, N.S. - Power producer Emera Inc. (TSX:EMA) reported Friday third-quarter profits of $34.9 million, up from $6.5 million in the same period of 2008, when the company logged significant accounting adjustments.
Fri, 06 Nov 2009 21:46:00 GMT

A South Korean currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, Nov. 6, 2009. The KOSPI rose 20.22 points, or 1.3 percent, to 1,572.46. THE ASSOCIATED PRESS/Ahn Young-joonThe Canadian Press - TORONTO - The Toronto stock market advanced Friday as investors dealt with dismal employment data from Canada and the United States and as gold stocks continued to run ahead amid record high bullion prices.


Fri, 06 Nov 2009 21:41:32 GMT

A new study suggests 12 of the companies in Canada's TSX 60 index have corporate governance issues that make them a serious risk to investors. Another 10 are a moderate risk.CBC - A new study suggests 12 of the companies in Canada's TSX 60 index have corporate governance issues that make them a serious risk to investors. Another 10 are a moderate risk.


Fri, 06 Nov 2009 21:40:40 GMT

Gold futures jumped to yet another new record Friday, soaring over $1,100 US an ounce.CBC - Gold futures jumped to yet another new record Friday, soaring over $1,100 US an ounce.


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