ECONOMY & MARKETS

The rupee rose on Tuesday breaking a six-day losing streak and clawed back from the 14-month low touched in the previous session comforted by a firm euro and gains in domestic equities.

Asian stocks steadied and the euro held above a seven-month low against the dollar on short-covering on Tuesday, after a report that Italy may get financial support from China lifted Wall Street in late trade but did nothing to ease fears that Europe is descending into a banking crisis.

Royal Bank of Canada on Monday downgraded its growth forecast for the Canadian economy in 2011, citing weaker performance in the United States and Europe.

Toronto's main stock market index fell sharply on Monday morning following a steep sell-off in global equities and commodities on mounting fears over Europe's debt crisis and slowing global growth.

Concerned over cover bonds and government-backed securities, JP Morgan Chief Executive Officer Jamie Dimon thinks that the Basel III banking regulations are anti-American.

Despite the FDA advisory panel's backing, RBC Capital Markets does not believe Johnson & Johnson's (NYSE: JNJ) Xarelto is well positioned to receive marketing approval on Nov. 5.

Mines Management Inc., a U.S.-based silver mining company, said Monday its second-quarter loss grew as declining expenses were offset by less valuable derivatives.

Greek workers threatened on Monday to sabotage a new property tax decided by the government as a last-ditch effort to please international lenders, ignoring warnings that Athens will run out of cash next month.

Aisling McNiffe's voice crackles when she talks about her son's school prospects.

Across from a noodle shop in a Yokohama suburb, Hisayoshi Teramura's inn looks much like any other small lodging that dots the port city. Occasionally, it's even mistaken for a love hotel by couples hankering for some time beneath the sheets.

Stock futures pointed to sharp falls for equities on Monday after tumbling in the previous session following the resignation of a top official at the European Central Bank, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 1.6 to 1.9 percent.

Steven Soderbergh directed Contagion is a sure-shot winner this time, earning a whopping $23.1 million.

Greece has announced a new set of severe measures to meet deficit reduction targets and stamp out speculation that it will be expelled from the European single-currency zone.

Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.

European Central Bank board member Juergen Stark resigned Friday, three years before his term was scheduled to end.

Zimbabwe is in talks with mining firms that have requested more time to table their plans to transfer majority ownership in their local operations to black investors in the country, the state-run Herald newspaper said on Friday.

The “Back to the Future Show” created huge excitement among the Nike shoe lovers. On the opening day of auction on eBay, bidding quickly went above $3,500, with some models even priced as high as $4,000.

The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.

European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.

Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a dangerous new phase of recovery.

European shares fell early on Friday, tracking Wall Street's Thursday losses, after U.S. Federal Reserve chairman Ben Bernanke gave no indications of new stimulus measures.

Regulators are close to an agreement with Fannie Mae and Freddie Mac to settle a case over disclosing their exposure to risky subprime loans, The New York Times reported on Thursday.

China's inflation pulled back in August from a three-year high, underlining expectations that price pressures have peaked and the central bank can hold off on further tightening of monetary policy in the face of a global economic slowdown.

President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.

Deutsche Boerse late on Thursday said shareholders in the Frankfurt-based exchange operator who had not yet tendered their stock as part of the NYSE Euronext deal, would not be forced to do so as part of a so-called squeeze-out.

G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.

After a dismal second quarter Canada's economy showed signs of life in July as higher exports almost halved the trade deficit and the value of building permits hit a record high.

Australian mall developer Westfield Group is looking at a possible investment in a waterfront site in Toronto, Canada, the company said on Thursday, after recently announcing expansions plans in Europe and South America.