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Iran said Tuesday that the steep depreciation in the country’s currency against the U.S. dollar was not linked to U.S. new sanctions targeting its Central Bank, while officials geared up for a meeting to assess possible measures to shore up the riyal in an already ailing economy.
Since President Barack Obama on Saturday signed into law […]
Filed under: debt, homeowners by Finance Boss
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Rupert Murdoch’s British newspaper company spied on two lawyers who represent alleged victims of phone hacking by its tabloid News of the World, the firm acknowledged Monday.
News International said lawyers Mark Lewis and Charlotte Harris “were subject to surveillance,” a practice it called “inappropriate.”
The BBC and The Guardian newspaper reported Monday that Lewis and Harris […]
The 40 largest employers in the St. Louis region represent just a tiny fraction of all local employers. But they wield tremendous hiring clout, employing more than 260,000 people, or a fifth of all jobs here.
If only they were hiring more. Just 12 of the 40 are actively recruiting to expand their workforce, according to […]
China said Monday that two officials have been jailed for leaking economic data to securities brokerages and four people who work in the financial industry are being investigated.
The National Administration for Protection of State Secrets said the officials shared classified data numerous times though it gave no specific details about the information or the impact […]
British Sky Broadcasting PLC, in which Rupert Murdoch’s News Corp. has a large minority stake, saw its first quarter profits rise further as increasing sales of telephone and broadband packages offset a slowdown in new television subscriptions
The company said Wednesday that profit on continuing operations in the three months to end-September rose by 24 percent […]
The Canadian economy stalled in the second quarter, contracting slightly as exports dropped amid the global economic slowdown.
Statistics Canada said Wednesday that Canadian gross domestic product shrank 0.1 per cent in the three months ended June 30, or at an annualized pace
Venezuelan President Hugo Chavez said Wednesday that he may undergo another round of chemotherapy next week.
Chavez said he feels he is overcoming his illness. When he mentioned cancer, he described it in the past tense saying: “I had it.”
The 57-year-old Venezuelan leader recently shaved his head after his hair began to fall out as a […]
OAKVILLE, ONT.—Coffee store chain Tim Hortons (TSX: THI) reported Thursday a second-quarter profit of $95.5 million, up slightly from a year-earlier $94.1 million as revenues jumped nearly 10 per cent.
That amounted to net earnings of 58 cents per share, compared with 54 cents per share in the same period a year earlier.
Factoring out a three […]
Filed under: debt, management by Finance Boss
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An unprecedented credit rating downgrade of U.S. government debt by Standard and Poor’s helped send the Toronto stock market tumbling about 400 points Monday.
The move Friday evening by the ratings agency has further bruised investor confidence that American and European leaders can stem worsening economic conditions and deal with a European government debt crisis.
The S&P/TSX […]