News

‘Don’t panic,’ says OPEC chief

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OPEC General Secretary Abdullah al-Badri told oil producers not to panic at the recent slump in oil prices, a comment which appears to have...
Canada wage gap

Wage gap smaller in public than private sector, Canada

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There is a smaller wage gap between men, women, aboriginal and minority workers in Canada in the public sector than in the private sector,...
Deutsche Bank Logo

Deutsche Bank posts 94 million euro loss in third quarter

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Frankfurt-based Deutsche Bank AG posted a €94 million loss for the third quarter compared to a €41 million profit in Q3 2013, after setting...

British mortgage lending at one-year low, says Bank of England

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The number of mortgages approved by British financial institutions has fallen to a one-year low, the Bank of England announced on Wednesday, adding to...
Teck Resources Ltd

Teck Resources earnings fall steeply in third quarter

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Canadian metals and mining company Teck Resources Ltd posted a 68.5% fall in third-quarter earnings on Wednesday, caused by declining steelmaking coal prices, the...
Next shop

Next cuts profit outlook after warm weather delayed winter shopping

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Next plc has downgraded its annual profit outlook after exceptionally warm weather delayed consumers’ autumn/winter shopping, the British multinational clothing, footwear and home products...
singapore

Singapore is the best place in the world to do business

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According to a survey by the World Bank, Singapore is still the number one country to do business in. This is the ninth consecutive year...
Toronto

Canadians prefer living downtown to the suburbs

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Most Canadians prefer living downtown instead of the suburbs, a new PriceWaterhouseCoopers (PwC) report published on Tuesday informs. Once seen as an emerging trend,...
Burger King Tim Hortons

Burger King-Tim Hortons merger cleared by Competition Bureau, Canada

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The Burger King-Tim Hortons merger has cleared a key hurdle with Canada’s Competition Bureau issuing a No Action Letter, meaning it sees no antitrust...
Royal York, Toronto

Toronto’s Fairmont Royal York Hotel has new owners

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Toronto's famous Fairmont Royal York Hotel is being bought by InnVest Real Estate Investment Trust and KingSett Real Estate Growth LP. The two companies are...