Business and Finance News
- Stock market unable to keep up with gains
Montreal News.Net
US investors were relatively cautious on Monday with Wall Street giving back some gains from last week’s stock market rally.
- China changes gear in looking for solution to economic problem
Montreal News.Net
China’s growth patterns have shifted, with an emphasis in policy toward the domestic market.
- Indian truckies decide to strike
Montreal News.Net
Truck drivers in India have gone on strike indefinitely.
- Air India sacks hefty hostesses
Montreal News.Net
Air India, the main airline on the sub-continent, has told hostesses to lose weight or lose their jobs.
- Apple staff relieved after CEO gives himself a healthy report
Montreal News.Net
Apple CEO Steve Jobs has sent a letter to staff to assure them he is well enough to continue as the company head.
- Commercial property-the next domino to drop
Montreal News.Net
2009 is expected to be a bad year for US commercial real estate.
- Washington Post editor steps down
Montreal News.Net
The Managing Editor of the Washington Post, Philip Bennett, has announced he will step down this week.
- Dubai makes a mark in duty free sales
Montreal News.Net
Sales of Dubai duty free goods increased 23 per cent over last year, despite the fact that less people were travelling.
- Asian stock markets lift on Monday
Montreal News.Net
Asian stock markets have risen in the first week since the new year break with the benchmark indices in Tokyo and Shanghai gaining more than 2 percent.
- South Korea pledges economic reform
Montreal News.Net
South Korea's President has said his government will face emergencies in 2009 over the global economic crisis.
- Bahrain causeway to improve commerce
Montreal News.Net
A new US$3 billion causeway, linking Bahrain with Qatar, will be the longest in the world.
- Union dissent likely for Asian automaker
Montreal News.Net
The union which represents workers at the ailing South Korean automaker, Ssangyong Motors, has called for its members to go on strike.
- High definition broadband hits the US
Montreal News.Net
In the US, Netflix has teamed with LG Electronics to sell high-definition TV sets that stream Netflix videos directly from the Internet.
- Madoff faces new charges; Congress starts probe
Montreal News.Net
Bernard Madoff, the high-flying Wall Street investor who is awaiting trial in a $50-billion investment Ponzi scheme, faces a new set of charges alleging that he tried to hide valuables including jewellery.
- US stocks end low on earning concerns
Montreal News.Net
New York, (Xinhua) US stocks ended lower Monday as concerns about a decline in corporate profits overshadowed the prospect that President-elect Barack Obama's tax cut plan will help avert the economic downturn.
- Asian stocks begin new year by making strong gains
The China Post
Asian stock markets began the year with strong gains Monday as investors sought to put a wretched 2008 behind them and followed a rally on Wall Street.
- Homebuilders deny market headed for meltdown
Financial Post
The Canadian housing market is cooling but is not facing a U.S. style meltdown, builders here say."A few commentators have drawn a parallel between the Canadian housing situation and the...
- Madoff called a flight risk after mailing US$1M in jewellery
Financial Post
NEW YORK – U.S. prosecutors are seeking to have Bernard Madoff jailed after it emerged the alleged Ponzi schemer and his wife mailed US$1-million worth of watches, cufflinks and other jewellery to...
- Wall St ends down amid caution
The Standard
01-06 10:20) Caution returned to Wall Street as investors gave back some gains from last week's rally even as they found encouragement from President-elect Barack Obama's calls for an economic...
- Most Asian stock markets extend gains on optimism about economic recovery this year
Star Tribune
Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade in the U.S. and Europe amid growing optimism the world economy will recover later this year.In Tokyo, the...
- Asian stocks rise on U.S. stimulus hopes
eTaiwan News
Asian stock markets rose strongly yesterday, with benchmarks in Tokyo and Shanghai gaining more than 2 percent, as Wall Street's rally and stimulus plans in the U.S. and elsewhere buoyed investor...
- Merrill brokerage chief McCann to leave
Reuters
Bob McCann, head of brokerage at Merrill Lynch & Co, announced his plans to leave the securities firm, just days after its acquisition by Bank of America...
- Daman to offer research on UAE equity markets
AME Info
Independent third-party equity research of the UAE markets is to be provided to Daman Securities by Chicago based Morningstar, Inc. Shehab Gargash, CEO, Daman, talks to Phil Blizzard about the new...
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