Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses Thursday, after fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.
The bulk of the job cuts (1750) will impact the investment banking unit, Cacib.
The debt burden on Canadian households rose to a record high in the third quarter as mortgage and consumer credit increased but the net worth of households fell, Statistics Canada said on Tuesday.
When it comes to our national debt, the economic crisis has recalibrated the nation's sense of the normal. We have grown remarkably comfortable with being in the red. We gaze upon the ever-escalating national debt with a sense of boredom. $15 trillion? Yawn. Adding a few trillion to the debt ledger every so often has become a national pastime.
Canadian factory sales slumped in October after three months of gains, confirming suspicions the final stretch to the end of the year will see a slowdown from the brisk economic growth of earlier months.
Denmark's Novozymes A/S , the world's leading industrial enzyme producer, is now in talks over a series of projects that will boost its presence in China's growing biochemical sector, a company executive said on Wednesday.
Starting next year, fees in English universities will be as high as £9,000 ($13,946) per year -- almost triple the current maximum charge.
Comedian Louis CK took a major risk by putting his new stand-up special online for $5 without any copy restrictions, but the risk paid off. He raked in over $500,000 in revenue in four days.
Nearly one-quarter (22 percent) of people between the ages of 16 and 24 are without work.
Last month the International Energy Agency said in its World Energy Outlook that If, between 2011 and 2015, investment in the [Middle East and North Africa] region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel.
The top aftermarket NYSE gainers on Tuesday were: ESCO Technologies, Fairchild Semiconductor International, Exterran Holdings, Superior Energy Services, Cobalt International Energy, CoreLogic, Harman International Industries, Trinity Industries, Koninklijke Philips Electronics and Tenet Healthcare Corp.
The top aftermarket NYSE losers on Tuesday were: Sequans Communications, IDT Corp, HyperDynamics, Getty Realty, U.S. Gold Corp, Penn Virginia Corp, Ivanhoe Mines, Manitowoc Co, Titan International and Calix.
China pledged to guarantee growth in the face of an extremely grim outlook for the global economy in 2012, as its annual policy-setting conference closed on Wednesday with a series of commitments to deliver economic stability.
Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
The National Association of Realtors (NAR) will revise data on sales of existing homes going back to January 2007 because of improper counting, signaling that the housing market was weaker than previously reported.
In a letter sent to the U.S. House of Representatives on Monday, the United States Conference of Catholic Bishops said lawmakers have a moral obligation to ensure unemployed Americans and their families are able to support themselves in an economy that has not been conductive to job growth.
Roughly one-third of the world's oil tanker traffic passes through the Strait of Hormuz, according to The Associated Press, and just a brief closure would put a noticeable clamp on global supplies, likely sending prices higher.
It's an understatement to say that the Great Recession took its toll on department store chains, but there are survivors, and Nordstrom (JWN) is one.
F&T Group President Michael Meyer says the future of New York - and of America as a whole - lies in large part in its ability to adapt quickly enough to the changing paradigm being posed by Asia's rising prominence.
Best Buy Co's quarterly profit missed Wall Street estimates as bigger discounts during the holiday season squeezed margins at the world's largest electronics chain, and its shares fell 9 percent in premarket trading on Tuesday.
One in five employees suffers from a mental illness, such as depression or anxiety, and many are struggling to cope, according to a new report released Monday by the Organization for Economic Co-operation and Development, an international economic organization of 34 countries including the U.S.
Futures pointed to a slight rebound on Wall Street on Tuesday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.41 percent and Nasdaq 100 futures up 0.34 percent at 5:28 a.m. ET.
The top aftermarket NYSE gainers on Monday were: FXCM, Ship Finance International, Cameron International, Weatherford International, Exterran Holdings, Superior Energy Services, ANN, C&J Energy Services, Nabors Industries and Men's Wearhouse.
The top aftermarket NYSE losers on Monday were: Vulcan Materials, Skilled Healthcare Group, IntraLinks Holdings, Sun Life Financial, MarkWest Energy Partners, Mechel Steel Group OAO, Gildan Activewear, Frontline and Mueller Water Products.
India's headline inflation likely eased in November to 9.04 percent from 9.73 percent the month before as food prices fell to their lowest in nearly three-and-a-half years, a Reuters poll showed.
China's natural gas industry is still developing, but with almost twice the shale gas reserves of the U.S., industry players this side of the Pacific are starting to worry.
Target Corp's impending arrival in Canada, paired with Wal-Mart Stores Inc's expanding grocery business in the country, will help slow food inflation next year and keep established grocers under pressure, researchers said on Monday.
DC Comics beat out arch rival, Marvel, in comic book sales for the third consecutive month in November. DC's strong sales since August are largely attributed to the New 52 launch in September.
Canada's budget watchdog sees the federal government's structural balance as at least C$10 billion ($9.71 billion) lower per year than Ottawa estimates, and called for more disclosure of assumptions and methodology used in drafting forecasts.
A survey published Monday by Bank of America Merrill Lynch found a majority believe the U.S. economy will fare worse off next year, yet only 7 percent believe this will force them to lay people off
