Economy

Zimbabwe: Kenya's Prime Minister Calls On African Leaders to Oust Mugabe

In the strongest indication yet that African leaders are finally turning their backs on Robert Mugabe and his murderous regime, Kenya's Prime Minister Raila Odinga on Thursday said it was time for African governments to oust...

Talks take on global dimension

Restoring global confidence and preventing the current financial crisis from spreading, especially to developing countries, are key tasks facing the world now, Vice-Premier Wang Qishan told top officials from China and US...

A real estate bust in Dubai? It’s no mirage

The property bubble in the desert emirate, home to the world’s tallest building, most expensive hotel suite and largest manmade islands, is bursting as scarce credit and slumping oil prices have international investors...

November Non-Farm Payrolls: What to Expect

November Non-Farm Payrolls: What to Expect The US economy has officially entered a recession and the labor market numbers that are due on Friday will confirm that. Not only do we expect the US economy to report its eleventh...

Dow Tumbles 200+ Amid Economic Worries

Retail, Jobless Numbers Announced POSTED: 5:15 am EST December 4, 2008 UPDATED: 4:16 pm EST December 4, 2008 The Dow closed down 215 points Thursday following new reports on jobless claims and dismal retail sales in November....

Gold recovers lost ground as dollar dips

LONDON (Reuters) - Gold steadied on Thursday, making up the ground it lost earlier after a sharp European Central Bank rate cut, as the euro erased losses against the dollar. The precious metal fell earlier in line with the...

CBDT gets tough with Vodafone

Thursday, December 04, 2008 (New Delhi) After the Mumbai high court's dismissal of the Vodafone case on Wednesday the Central Board of Direct Taxes (CBDT) is back in action. Another tax notice will soon be served to Hong Kong...

Thin Comfort for Big Three Automakers

U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants to hand their...

Mayflower Bancorp Reports Second Quarter Results and Payment of Dividend (PR Newswire)

Mayflower Bancorp, Inc. today reported a net loss of $907,000 or $.44 per share for its second quarter ended October 31, 2008 as compared to earnings of $256,000 or $.12 per share for the same quarter last year.

Loonie drops more than 1.5 cents, markets tumble on falling oil, political turmoil

TORONTO - Canada's dollar fell nearly 1.5 cents and stock prices tumbled Thursday as financial markets navigated a turbulent political situation and worsening news about the North American and global ...