Canadian housing starts jumped much more than expected in September, helped by a surge in the condominium sector, suggesting Canada's property boom stayed intact last month and should help the economy avert recession.
The bank, whose shares had plunged 42 percent last week, was poised to go bankrupt, a fatality of the Eurozone crisis.
Franco-Belgian bank Dexia agreed early on Monday to the nationalization of its Belgian banking division and secured 90 billion euros ($121 billion) in state guarantees in a rescue that could pressure other euro zone governments to strengthen their banks.
Growing protests targeting Wall Street and U.S. economic inequality spawned heated rhetoric among politicians on Sunday as organizers planned more demonstrations this week.
Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a slam-dunk no-brainer, and here are five factors to consider before buying a home.
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
Canada churned out a stunning 60,900 jobs in September, once again outshining the United States with an economy that is humming along even as other rich nations struggle with debt and slumping confidence.
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
Mortgage Rates Reach An All-Time Low: A Financial Tragedy
The average 30-year fixed mortgage rate fell below 4 percent for the first time in history to 3.94 percent.
Thousands of anti-Wall Street demonstrators converged on New York's financial district on Wednesday, their ranks swelled by nurses, transit workers and other union members joining the protest over economic inequality and the power of U.S. financial institutions.
Consumer advocate and former Obama administration official Elizabeth Warren got into the nitty-gritty of campaigning for the U.S. Senate in Massachusetts on Tuesday, facing off in her first political debate.
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
The opinions expressed are his own.Pop quiz: What’s so bad about the financialization of the U.S. economy over recent decades?
The Vancouver housing market is attracting unusually strong demand but Canada as a whole does not face a housing bubble that requires government action, Finance Minister Jim Flaherty said on Wednesday.
One prison guard regularly questioned her about her sex life, accompanied her to medical exams
Greece will default on its debts, Ireland could too and Greek Prime Minister George Papandreou and German Chancellor Angela Merkel will be forced out as Europe's financial crisis plays out, author Michael Lewis predicted on Tuesday.
Bank of America Corp said Tuesday it will close its correspondent mortgage lending business by the end of the year after failing to find a buyer for the operation.
The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.
The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.
New York Attorney Eric Schneiderman and U.S. Senate candidate Elizabeth Warren have been filling a void in progressive politics.
The 24 people arrested, comprising 15 women and nine men, spent several hours in a jail in South Boston, but are unlikely to face any serious charges.
