Business News
Bank of Korea keeps key interest rate at record low as economic growth slows
SEOUL, South Korea - South Korea's central bank left its key interest rate at a record low Thursday as the country's economic growth slows and the institution prepares for a leadership change. The ...
Japan revises down Q4 economic growth to 3.8 per cent from 4.6 per cent
TOKYO - Japan's economy grew sharply less in the fourth quarter than initial estimates, the government said Thursday. The world's second biggest economy's gross domestic product expanded at an annu...
NEB proposes changes to many recommendations in JRP's Mackenzie report
CALGARY - The National Energy Board has proposed changes to many of the recommendations a federally appointed panel made for the Mackenzie Gas Project in the Northwest Territories. The federal ener...
Viterra acquiring Dakota Pasta Growers for US$240M in an all cash transaction
CALGARY - Grain-handling giant Viterra Inc. announced a deal Wednesday to acquire a U.S. pasta maker, which the firm's chief executive says will integrate well with the position it already has in Nort...
Once struggling Fed gets a new look as regulator of largest, riskiest firms
WASHINGTON - The U.S. Federal Reserve, still dusting itself off from a fight that threatened to trim its powers, could emerge from a congressional overhaul of banking rules as the top cop over the lar...
Complaints of runaway Priuses spike, but it could have something to do with psychology
NEW YORK - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid. Experts on consumer ...
Soaring China property prices raise worries over bubble, leave many unable to buy own homes
SHANGHAI, China - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai ha...
WaterFurnace Renewable Energy reports US$6.1-million profit for Q4
FORT WAYNE, Ind. - WaterFurnace Renewable Energy Inc. (TSX:WFI) reported a increase in its fourth-quarter profit compared with a year, while sales dipped slightly. The company, which keeps its book...
Goldman Sachs prepares legal battle in fight for Canwest's broadcasting assets
TORONTO - Goldman Sachs is sharpening its sword for a potential legal battle with Canwest Global Communications over the future of its broadcasting assets with one observer suggesting the investment f...
Wholesale inventories dip while sales up for 10th consecutive month
WASHINGTON - American businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses rem...
