The US and Japan today filed complaints with the World Trade Organization over European Union tariffs on imported flat-screen monitors, some TV set-top boxes, and printers able to scan, fax and copy.
Treasury prices fell Wednesday as durable goods data gave investors, still worried about inflation's effect on long-term bonds, another reason to withdraw from government securities.
A pick-up in German inflation in May strengthens the case for a European Central Bank rate rise.
The Toronto stock market shed over 200 points Tuesday as bank stocks stepped back following quarterly reports from two of Canada's big banks and energy stocks retreated in the face of sliding oil prices.
Bank of America says one of its own executives will run its consumer real-estate business after it acquires mortgage lender Countrywide Financial.
The Australian share market closed more than 1% lower after weaker commodity prices, particularly oil and gold, offset a positive US lead.
The rising cost of energy is undercutting global trade by raising transportation costs to such levels that businesses will be forced to look closer to home for suppliers, says a CIBC World Markets report.
The TSX fell more than 200 points in midday Tuesday trading as resource and financial stocks staged a retreat.
Bank of Montreal, the first big Canadian bank to report second-quarter financial results, said Tuesday profit fell to $642-million, from $671-million a year earlier, as it put aside more funds to cover loans ...
A sharp drop in oil prices could not lift Asian stock markets Wednesday, as continued concerns about the key U.S. export market dampened interest.
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