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Canadian Finance Minister Jim Flaherty said weak U.S. growth, not his country’s strengthening currency, is the biggest threat to Canada’s economic recovery.
Flaherty, the dean of Group of Seven finance ministers, oversees an economy that Pacific Investment Management Co. calls a battleground between the “old normal” and “new normal” forces of the global economy. While […]
China’s auto sales powered ahead in November, jumping 27 percent to 1.7 million vehicles as car buyers rushed to beat expected increases in license plate fees in some cities.
The rebound after a slowdown during the summer pushed sales for the year to 16.4 million vehicles, up 34 percent from the year before, the government-affiliated China […]
President Hugo Chavez said Sunday that he would force privately owned hotels to help shelter tens of thousands of Venezuelans who have left their homes due to floods and mudslides caused by weeks of torrential rains.
“I want the tourism hotels,” Chavez said during a visit to the coastal state of Miranda. He said his government […]
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City rejects Arcade plan â Otis Williams, deputy director of the St. Louis Development Corp., said Monday that a city selection committee voted Friday not to accept the $80 million proposal submitted last month by Global Facilities Development for the Arcade Building downtown. Global Facilities, of Encinitas, Calif., had proposed using most of the Arcade […]
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If you’re looking to get in on the China growth train, be prepared to stomach the near-term risk.
The Shanghai Composite is down 22% year-to-date with much of the selloff attributed to worries about China’s economy overheating.
However, last week’s news that China’s economy is still growing super-fast — but just a pinch more slowly […]
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Anadarko Petroleum, a minority partner in the ruptured well in the Gulf of Mexico, blamed BP for "reckless" behavior, seeking to distance itself from the worst oil spill in US history.
"The mounting evidence clearly demonstrates that this tragedy was preventable and the direct result of BP’s reckless decisions and actions," Anadarko chief executive […]
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Fiat-Chrysler CEO Sergio Marchionne must have gotten tired of all those questions about Chrysler’s empty product pipeline.
Because in a conference call with analysts and the media this week, he laid out Chrysler’s launch schedule for the rest of 2010 and dropped some hints about 2011.
If the pipeline isn’t exactly gushing, it is pumping a […]
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Evidence continues to mount that the mortgage crisis may be easing.
The number of houses facing foreclosure in the St. Louis region dropped to its lowest level in at least two years in the first quarter, according to numbers out today from RealtyTrac.
While still high by historic standards, the number of St. Louis-area […]
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Despite lower revenue due to sharply lower commodity prices and power generation nationwide, Calpine Corp. on Thursday said it had reduced its losses in the fourth quarter of 2009 compared to the year-earlier period.
Houston-based Calpine (NYSE: CPN) reported a net loss of $43 million, or 9 cents a share, for the three months ended Dec. […]
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First, the good news: Foreclosure filings dropped nearly 10% between December and January.
That’s a total of 315,716 notices compared to 349,519 in December, according to RealtyTrac, which issues a monthly report on foreclosure activity.
Now, the bad news: Filings rose 15% compared to a year ago, and the number of people who actually had […]
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