The Bank of Canada raised its key interest rate by 25 basis points to 0.75 percent on Tuesday, as expected, but cautioned that the domestic and global recoveries will be slower than previously expected in a hint that any further hikes may be gradual.
All diamond producing African antions are now rallying behind Zimbabwe threatening to leave the Kimberley Process Certification Scheme if Zimbabwe was not allowed to market its diamonds freely.
African countries, led by diamond rich Namibia, has already conveyed this decision to the KP.
Convicted former media mogul Conrad Black will be released from prison on bond pending the outcome of his appeal, following a favorable U.S. Supreme Court decision on a law used to convict him, an appeals court ruled.
Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more North American investors to snap up assets.
Apple Inc plans to start selling the iPad tablet PC, its latest hit product, in nine new international markets on Friday, making the device available in a total of 19 countries.
Sikorsky Aircraft, a unit of United Technologies Corp , expects a significant first order this week from a Middle Eastern country for the international version of its Black Hawk helicopter.
A drop in consumer confidence in Europe amid worries about the region's debt crisis is holding back a recovery in global consumer sentiment and weighing on the broader economic outlook, a survey showed on Sunday.
Cocktails will be well down the to-do list at next week's Farnborough Airshow as arms companies strive to reflect the growing mood of austerity.
British Columbia launched North America's first government-run online casino on Thursday, aiming to take a cut of the big dollars its residents are already gambling over the web.
Ford Motor Co has named Jim Farley its first head of global marketing, sales and services and appointed the head of Volvo to run its European operations when it completes the sale of the unit to China's Geely
The policy deadlock in Japan resulting from the ruling party's drubbing in upper house elections raises obvious concerns for Prime Minister Naoto Kan.
But the Bank of Japan should be worried too.
South West Africa's Namibia is looking forward to get positive results from various mineral explorations in its soil.
The explorations are a bundle of various gold deposits in and around Otavi, and are referred to as Otjikoto Project. A gold rush has ensued on the fringes of the Oshikoto and Otjozondjupa regions, with Canadian investors in the lead.
A rally that pushed the euro to its highest level in more than two months stalled on Friday and the currency fell due largely to technical factors as investors took profits before the weekend.
The euro rose 1.3 percent this week and touched $1.2723 earlier in the session, its highest level since early May, supported by strong German factory data, a positive U.S. jobs report and more clarity on European bank stress tests.
Canada's economy created far more jobs than expected in June in a surprising sign of strength after a raft of discouraging data, fueling expectations the central bank will hike interest rates again this month.
The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing.
Some lawmakers claim China's yuan is misaligned in value, distorting trade and stealing U.S. jobs. A key senator pledged to press ahead with a bill threatening China with tariffs on some of its products unless there is significant movement upward in the yuan.
The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing.
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.
No. 1 U.S. warehouse club operator Costco Wholesale Corp saw June sales at stores open at least a year rise 4 percent, marginally missing market expectations, as it was hurt by the Memorial Day holiday shift.
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday on the back of robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.
World Bank studies the business environment for FDI in various nations
Toyota Motor Corp said on Tuesday it had received reports more than three years ago of faulty engine valve springs at the center of a U.S. recall of nearly 139,000 luxury Lexus vehicles it announced last week.
