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NY state factory slump deepens in June

The slumping New York state factory sector shrank at a more severe rate in June than during the previous month, the New York Federal Reserve said on Monday, confounding expectations of a slight improvement.
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G8 nations consider exit from credit crisis

The world's rich nations have started to consider how they will unwind emergency steps to rescue their economies once recovery is certain, according to a draft statement from a meeting of Group of Eight finance ministers on Saturday.
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China nets OZ Minerals assets, appetite undimmed

China cheered Australian investors with its undimmed appetite for resources assets as one state-owned firm, Minmetals, clinched a $1.4 billion deal and another, Chinalco, vowed to bounce back from the shock of its failed $19.5 billion Rio Tinto tie-up.
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Shareholders approve Forzani board, as loss narrows

Forzani Group Ltd's shareholders overwhelmingly approved the company's slate of directors on Wednesday, defeating a bid by a major shareholder to install its own members on the board of Canada's biggest sporting goods retailer.
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Geithner: Recovery efforts to dominate G8 talks

Treasury Secretary Timothy Geithner said on Tuesday the main goal of this weekend's meeting of Group of 8 finance ministers is to take stock of efforts to stimulate economies and stabilize financial systems.
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Job outlook stable in many large economies: Manpower

A forward-looking measure of hiring expectations held steady in the United States and other large economies amid signs employment is starting to stabilize, but prospects in several countries worsened, according to a quarterly survey by Manpower Inc.
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Spectra says Sable Island gas field at normal level

Spectra Energy units Maritimes Canada and Maritimes U.S. said in separate website postings over the weekend that the Sable Island Offshore Energy Project in Nova Scotia had returned to normal output levels after decreasing production late last week.
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Canadians angered over Buy American rule

Canadian municipal leaders threatened to retaliate against the Buy America movement in the United States on Saturday, warning trade restrictions will hurt both countries' economies.
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Obama says D-Day saved world from evil

U.S. President Barack Obama paid homage to the heroes of D-Day on Saturday, saying their assault on Normandy's beaches exactly 65 years ago had helped save the world from evil and tyranny.
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Schroders climate fund bets on wind, forestry

Schroders is adding wind power and forestry stocks to its climate change portfolio, saying heightened investor interest in the green theme should support share performances in the second half.
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Retrieving Air France black box will be epic task

The first sighting off Brazil's coast of possible wreckage from a missing Air France jet signals the start of what could be one of the most challenging operations ever mounted to retrieve the tell-tale black box.
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GM sees healthy cash balance for new company

General Motors Corp expects to have a 'very healthy' cash balance when it emerges from bankruptcy court protection in the next 60 to 90 days as a leaner company, its chief financial officer said on Tuesday.
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Exclusive: Global consumer confidence stabilizing

Global consumer confidence is stabilizing after falling for 18 months, providing a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed on Tuesday.

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