ECB will become Europe’s bad bank, says Hans-Werner Sinn
The European Central Bank’s plan to purchase asset-backed securities and covered bonds will turn it completely into a bail-out authority and Europe’s bad bank,...
IAMGold Corporation selling Niobec mine for $500 million
International gold producer IAMGold Corporation announced on Friday that it had reached a deal with a group of companies led by Magris Resources Inc....
Canadian dollar sinks to 88.81 cents, a six-month low
The Canadian dollar continued its downward slide on Friday, reaching 88.81 cents or a six-month low at close of trading, having slipped 0.72 cents...
Exports fell and imports surged in Canada, fueling a trade deficit
Canadian exports fell in August while imports surged, resulting in the country’s first trade deficit in four months. August's C$610 million deficit contrasted with...
Eurozone September PMI points to weakening economy
The Eurozone’s Composite Purchasing Manager’s Index (PMI) for September shows that the region’s economy continues suffering from declining output and poor new order growth...
New factory orders fell 10.1 percent in August, United States
New factory orders fell by 10.1% in the United States in August, according to figures published on Thursday by the US Census Bureau, part...
Berkshire Hathaway buying the auto dealeriship Van Tuyl Group
Warren Buffet’s multinational conglomerate, Berkshire Hathaway, is entering the automobile sales business by acquiring the car dealership company Van Tuyl Group.
Van Tuyl Group is...
JPMorgan cyberattack compromised more than 76 million bank accounts
Over 76 million bank accounts have been compromised following one of the biggest cyberattacks in history, with JPMorgan Chase, the largest bank in the...
ECB holds rates – to start asset buying
The European Central Bank (ECB) decided to hold its benchmark interest rate at 0.05%, but announced it is to embark on an asset buying...
Tesco investment huge mistake, says Warren Buffett
Warren Buffet said investing in Tesco Plc was a “huge mistake”, as the world’s second largest retailer struggles with an 11-year-low share price, plummeting...