Fed expresses serious concern about increasing economic inequality
Janet Yellen, chair of the Federal Reserve, has expressed serious concern about increasing economic inequality in the US and has said that the country...
US homebuilder’s confidence dropped in October
US Homebuilder’s confidence dropped in October after four consecutive months of gains, which had increased the indicator to its highest level in almost a...
Morgan Stanley reports 87 percent increase in third quarter earnings
Morgan Stanley (MS.N) has posted an 87 percent increase in third quarter earnings as its banking units have enjoyed increased client activity and a...
Postpone raising interest rates, advises Bank of England’s Chief Economist
The Bank of England’s Chief Economist, Andrew Haldane, who in June had said interest rates should be raised sooner-than-later, now says he favors raising...
Toronto based Inovalis acquires office buildings in France for CDN$61 million
Toronto based, Inovalis Real Estate Investment Trust (TSX:INO.UN), is buying two office properties located in the Greater Paris Region (Paris and Saint Ouen) for...
Virgin Money postpones flotation citing volatile market conditions
Virgin Money, which had planned a stock market flotation in October, on Friday announced that the official listing on the London Stock Exchange which...
Canadian inflation hits bank’s target of 2.0% in September
The Canadian annual inflation rate rose 2.0% in the 12 months to September, after rising by 2.1% in August.
The report, published by Statistics Canada,...
Ontario electricity prices will increase in November
People in Ontario can expect to pay more for electricity this winter. The Ontario Energy Board announced that new electricity prices will be introduced...
More Canadians will be shopping online this holiday season
Consumers across Canada are shopping online at a much higher rate this year and as the holiday season approaches more people will be going...
European September new car sales figures cheer investors
European new passenger car sales increased by 6.4% in September, bringing some good news to the region at last. The Belgian-based European Automobile Manufacturers...