CANADA

Nike sees sales up 40 percent by 2015

IBTimes Logo
Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.

Molson Coors profit disappoints

IBTimes Logo
Molson Coors Brewing Co posted a lower-than-expected quarterly profit, hurt by higher expenses and falling sales volume, but its shares pared losses with the announcement of a new venture in China with a local brewer.
IBTimes Logo

Geithner seeks support for U.S. bank bailout fee

Big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, U.S. Treasury Secretary Timothy Geithner told lawmakers on Tuesday as he sought support for the proposal.
More news
IBTimes Logo

U.S. regulators seize three Puerto Rico banks

U.S. regulators seized three Puerto Rican banks on Friday and sold their deposits to other banks, costing the Federal Deposit Insurance Corp insurance fund $5.3 billion -- one of the largest hits in the banking crisis.
IBTimes Logo

China, Russia, Canada again top USTR piracy list

The United States on Friday placed Russia on its list of countries with the worst records of preventing copyright theft for the 13th straight year, just days after the two nations agreed to intensify talks on Moscow's bid to join the World Trade Organization.
IBTimes Logo

Merkel demands faster Greek rescue, Spain downgraded

German Chancellor Angela Merkel said on Wednesday Greece's international bailout must be accelerated for the sake of the entire euro zone, as the far bigger Spanish economy suffered a credit rating downgrade.
IBTimes Logo

IMF to keep mulling how to make banks pay for bailouts

The International Monetary Fund pledged on Sunday to keep working on plans to make bankers bear the burden of their own bad behavior and not to lose heart over opposition to their first ideas for a global bank tax.
IBTimes Logo

Greece expects debt aid rescue in time

Greece's finance minister said on Sunday that aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.
IBTimes Logo

Greece expects aid rescue in time, no default

Greece's finance minister said Sunday aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.
IBTimes Logo

Canada says expects Greek aid package to grow

Canada said on Sunday it expected a 45 billion euro ($60.49 billion) rescue package for Greece to grow in size as doubts emerged over whether the joint EU-IMF aid would be enough to avert a default.
IBTimes Logo

Shortsighted to oppose bank tax, IMF warns

Countries that weathered the global economic crisis with their financial systems relatively unscathed are being shortsighted by opposing a global bank levy, the IMF's chief said on Saturday.
IBTimes Logo

Germany, France signal hard line with Greece

European heavyweights Germany and France vowed on Sunday to take a hard line with Greece in exchange for financial support as doubts emerged over whether a 45 billion euro ($60.2 billion) aid package was sufficient to prevent a default.
IBTimes Logo

Greece races for rescue, some fear not enough

Finance leaders scrambled to secure aid for debt-stricken Greece on Saturday and Canada cautioned that some European countries feared the 45 billion euros ($60 billion) under consideration was not enough.
IBTimes Logo

Bankers reject global levy for bailouts as flawed

A bank levy to cover the cost of future bailouts is a flawed idea, a global banking group said on Saturday, calling instead for a global agreement for unwinding failing banks without resorting to taxpayer money.
IBTimes Logo

G20 hails recovery; quiet on Greece and China

G20 finance leaders said on Friday they had secured a better-than-expected global economic recovery but were wary of overconfidence as Greece's debt crisis put the focus on worsening public finances.
IBTimes Logo

G20 plots post-crisis path

World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis, but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.
IBTimes Logo

Whipping boy EUR/USD ??

Good morning dear traders,EURUSD had no easy day yesterday. Especially the Euro was the whipping boy of the day. Don´t you think so? Sure, it was a perfect day for short traders, but ...
IBTimes Logo

G20 plots post-crisis path; Greece dampens hopes

World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.