All items from Canadian News
FRANKFURT - Reduced income from trading and commissions due to Europe's debt crisis weighed on earnings at Germany's Commerzbank, which saw net profit fall sharply to €369 million (€480 million) in the first quarter.
BANGKOK - World stock markets fell Wednesday, with Japan's Nikkei closing at a three-month low, as political turmoil in Greece pushed the debt-crippled country closer to financial disaster.
CALGARY, Alberta (Reuters) - Some opponents of the proposed C$5.5 billion ($5.5 billion) Northern Gateway oil pipeline to Canada's Pacific Coast may not get a chance to be heard as scheduled by the regulatory panel looking at the plan because of federal government moves to streamline the country's environmental review process. ...
SHANGHAI - Vehicle sales in China, the world's largest auto market, rose in April but are down for the year amid tighter credit and slower economic growth.
SINGAPORE - Neptune Orient Lines Ltd., the world's sixth-largest container carrier, said Wednesday losses surged in the first quarter amid higher fuel costs and lower freight rates.
NEW YORK (Reuters) - Roy Lichtenstein's "Sleeping Girl" sold for nearly $45 million on Wednesday, setting a record for the pop artist at Sotheby's $267 million auction of postwar and contemporary art. The 1964 canvas, executed in the artist's signature, commercially influenced comic-book style, made its high estimate with a hammer price of $40 million. Along with Francis Bacon's "Figure Writing Reflected in Mirror," it achieved the night's top price of $40 million, or $44,882,500 including commission. ...
SAN FRANCISCO - Cisco Systems Inc.'s quarterly earnings surged 20 per cent in the latest sign that a recently completed overhaul is paying off for the world's largest maker of computer-networking equipment.
TORONTO - Financially squeezed coffee drinkers have largely been undeterred from frequent visits to Tim Hortons Inc. (TSX:THI), but the coffee and doughnut chain said it has seen a decline in hard-hit manufacturing towns.
TORONTO (Reuters) - Canada's dollar slid to its lowest in three and half months on Wednesday, back below parity against the U.S. dollar, as persistent fears about the health of Spanish banks and a political impasse in Greece worsened fears about the euro zone debt crisis. Greece's two mainstream parties rejected a coalition led by radical leftist Alexis Tsipras, forcing the country closer to having to re-run Sunday's inconclusive election that saw voters overwhelmingly reject its EU/IMF bailout. ...
FRANKFURT - Gas and electric utility E.ON AG says net income fell 23 per cent in the first quarter as demand for gas and power remain weak due to a troubled European economy.
Vancouver, BC
- Scattered clouds
- Temperature: 17 °C
- Wind: Northwest, 24.1 km/h
- Pressure: 1019 hPa
- Rel. Humidity: 63 %
- Visibility: 48.3 km
Mon, 05/14/2012 - 12:00