Advertiser confidence hurt by China unrest, Isis and Ebola
Sir Martin Sorrell, founder and CEO of the world’s largest advertising and PR company WPP plc., said on Friday that the unrest in Hong...
Chinese PMI declines in October, surprising economists
China’s Purchasing Managers’ Index (PMI), which measures factory activity, fell to 50.8 in October from 51.1 in September, the National Bureau of Statistics informed...
Sony reports quarterly loss of $1.2 billion, expects full year loss of 230 billion...
The Japanese electronics giant Sony reported a net loss of 136bn yen ($1.2bn) for the September quarter.
However, the loss was not as much as...
US consumer spending dropped by 0.2 percent in September
US consumer spending dropped in September by 0.2 percent, the first drop in consumer spending in eight months, according to a report by the...
More Canadian seniors bankrupt or retiring with massive debts
The number of Canadian seniors declaring bankruptcy is growing alarmingly, says a study carried out by the Financial Consumer Agency of Canada. Canadians are...
US markets reached record highs on Friday
US markets closed at record levels on Friday, fueled by Japan's decision to ramp up its stimulus spending program. Markets in Asia and Europe...
Russia increases key interest rate to 9.5%, addressing inflation
Russia's central bank has increased its key interest by 1.5%, from 8% to 9.5%, in an attempt to address the country's inflation problem. The...
TSX rebounds on Friday, up 1.07%
The Canadian S&P/TSX Composite Index rebounded on Friday increasing by 154.03 points (1.07 percent) to 14,613.32 points following news that the Bank of Japan...
Ruble continues falling despite big rate hike
The ruble continued falling on Friday despite the Bank of Russia raising its benchmark interest rate from 8% to 9.5%.
The higher-than-expected rate rise announced...
US consumer sentiment at pre-crisis high
US consumer sentiment is the highest it has been since July 2007, which was five months before the global financial crisis hit, according to...