INVESTMENT

IBTimes Logo

TSX falls as euro zone fears hit miners, banks

Toronto's main stock market index closed lower on Wednesday as a new wave of fears about Europe's debt crisis hurt miners and banking shares, offsetting gains in the oil and gas sector.

'Bond Vigilantes' Push Italy, Spain Interest Rates Higher - is U.S. Next?

U.S. Budget Deficit
So far, the dispensers of global financial justice -- the bond vigilantes -- have given the U.S. a pass on the budget deficit issue. But that can’t last forever, which is why it behooves Democrats and Republicans to reach agreement on a budget deficit reduction package now, starting with a super committee agreement.
More news
A customer walks past a Carrefour outlet in Kuala Lumpur

Analysis: Axe Hangs over Carrefour Revamp Plan, CEO

Carrefour, the world's second-biggest retailer, must slash prices, build more convenience stores and attract online shoppers as dire economic times make the current CEO's hypermarket revival plan increasingly obsolete.
IBTimes Logo

Asian Shares Flat amid Europe Fears

Asian shares wobbled Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank's bond buying role.
Yukon territory south of Whitehorse

Canada's Yukon Draws Big Gold Miners

As winter draws in across Canada's northern Yukon territory, big mining companies are prospecting for bargains among the army of junior explorers staking claims in what's shaping up as the region's second big gold rush.
Oil Prices

Oil Pushes Through $100 Level…Again

Several factors are at work in oil's latest push back above the psychologically-significant $100 per barrel level -- a price that U.S. motorists wince at.
Ivory Coast President Alassane Ouattara

Paris Club cuts Ivory Coast's debt burden

The Paris Club of creditor nations said members agreed on Tuesday to reduce the Ivory Coast's foreign debt burden and said reforms underway should lead to further relief.
Swaziland"s King Mswati III attends the Southern African Development Community

Swaziland cash crunch critical, AIDS spending hit

A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Robert Mugabe

China urges Zimbabwe's Mugabe to expand economic ties

Zimbabwe's President Robert Mugabe won praise on Wednesday as a great African figure and old friend of Beijing, underscoring China's commitment to boosting business ties to a leader shunned by Western governments.
Grasberg Mine

Gold Prices in Largest One-Day Fall This Month

Gold extended an earlier slide on Wednesday in its largest one-day fall this month as the escalating euro zone debt crisis kept the euro near one-month lows against the dollar, making it more attractive to non-U.S. investors to sell bullion.
U.S. Banking Sector

Is It Time for a Better U.S. Banking System?

With a banking sector that seemingly cycles from reticence to lend, lending at prohibitive interest rates, and outright banker-to-banker mistrust (the latest round of which is being driven by renewed concern about Italy's debt), is today's U.S. banking sector where Framer/Founding Father Alexander Hamilton wanted it to be?
Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Preparing Legal Action Against Execs: Documents

Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal engulfing the firm, according to an internal staff email.
IBTimes Logo

China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
A sign of Olympus Corp is seen behind a tree a outside the company's showroom in Tokyo

Olympus Shares Rise; Ex-CEO may be Questioned

Shares in Japan's disgraced Olympus Corp jumped on Wednesday on speculation that it can escape delisting over an accounting scandal and that the brunt of any punishment will be borne by a few executives rather than the firm itself.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.