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...
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...
Bombardier Russian assembly line project shelved, political situation cited
Canadian aircraft and train maker Bombardier Inc. announced on Thursday that it is shelving a US$3.4 billion plan to set up a new assembly...
IAG ups profit forecast after 30 percent third quarter rise
IAG SA, the owner of British Airways, Iberia and Vueling, raised its full year profit guidance on Friday after posting a 30% rise in...
Starbucks set to offer delivery service in 2015
Starbucks is set to provide a delivery service to customers in 2015. The company has said that it will be launching the service in...