Canada’s August federal deficit down to $300 million from $2 billion
Canada's federal deficit plunged to $300 million in August from $2 billion in the same month in 2013, the Department of Finance's monthly Fiscal Monitor...
Canadian GDP shrank by 0.1 percent driven by goods-producing sector
Canadian GDP shrank by 0.1% in August, caused by a particularly weak goods-producing sector and lower energy output, Statistics Canada announced on Friday, surprising...
Eurozone inflation slightly up to 0.4 percent in October
Eurozone inflation increased ever so slightly to 0.4% in October from September’s 0.3%, the EU’s statistical office Eurostat announced on Friday. The data provided...
Citigroup cuts third quarter profit by $600 million
Citigroup has cut its third-quarter profit by $600 million because of “rapidly-evolving regulatory inquiries and investigations.”
The money will be used to pay off settlements...
Stocks edge higher, US GDP up 3.5% in third quarter
U.S. stocks performed well on Thursday, following strong reports of third quarter economic growth.
Gross domestic product increased at an annual rate of 3.5 percent...
NAB to sell British assets and focus on Australasian operations
National Australia Bank (NAB) says it plans to get rid of its British loss-making investments so that it can focus on improving operations at...
US GDP grew by 3.5 percent in third quarter
US Gross Domestic Product (GDP) expanded by an annual rate of 3.5% in the third quarter of 2014, the Bureau of Economic Analysis, part...
Baidu reports lackluster third quarter results
The Chinese internet giant Baidu reported lackluster profit and revenue results, well below what analysts had forecast.
The company, which operates China’s leading search engine,...
US Federal Reserve ending quantitative easing program
The US Federal Reserve has announced that it will be ending its quantitative easing (QE) program. Former head of the Federal Reserve Ben Bernanke...
Billionaire numbers double since financial crisis
Inequality is spiraling out of control, with the number of billionaires globally doubling since the financial crisis of 2009, while hundreds of millions of...