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Fannie, Freddie executives defend pay packages

Top executives at Fannie Mae and Freddie Mac on Wednesday defended their companies' pay practices which have drawn opposition after it was disclosed the government-controlled firms were paying out nearly $13 million in executive bonuses.
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Ghana's pre-poll budget to aid poor, limit deficit

Ghana will raise spending by over 12 percent to tackle poverty in a 2012 election year but will keep finances in check with higher state revenues, President John Atta Mills' government pledged in a budget on Wednesday.
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Seaway oil pipe to be reversed after Enbridge deal

Enbridge Inc surged past its competitors in the race to send large volumes of oil locked up in the U.S. midcontinent to the giant Gulf Coast refining hub after the $1.15 billion acquisition of ConocoPhillip's Seaway pipeline.
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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.
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Safe-haven status puts UAE luxury car sales in high gear

Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars.
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Wall Street lower after new warnings on Europe

Stocks fell early Wednesday as policymakers warned Europe's debt crisis posed dangers to the global economy and on signs the contagion was starting to spread to larger European nations.
TSX flat as weak golds outweigh stronger banks

TSX may open lower as Europe rattles markets

Canadian stocks looked set to open lower on Wednesday along with commodities on investor fear of contagion from the weakest debt-ridden euro zone economies such as Greece into bigger ones such as Italy, Spain and even France.
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Existing Home Sales Rise 1.2 Percent in October

Sales of existing homes in Canada rose in October to the highest level since January, boosting forecasts for national resale activity for 2011 and confirming Canada's housing market remains robust.
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Swiss cabinet in move to inform U.S. bank clients

The Swiss cabinet approved on Wednesday an amendment to a tax agreement with the United States to ensure that bank clients are properly informed about requests from U.S. authorities for data on suspected tax dodgers.
Big Canada Internet providers win partial victory

Big Canada Internet providers win partial victory

Canada's communications regulator handed a partial victory on Tuesday to big Internet service providers by allowing them to charge lease fees based on the amount of capacity small providers use.
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October consumer prices fall 0.1 percent; core edges up

U.S. consumer prices fell in October for the first time in four months as Americans paid less for new cars and gasoline, although prices outside of food and energy posted a slight increase, the Labor Department said on Wednesday.

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