TSX gains as gold recovers from sell-off
TORONTO (Reuters) - Canada's main stock index advanced on Tuesday, as U.S. economic data supported the case for continued stimulus measures from the Federal Reserve and shares of gold miners rose with a rebound in price of bullion a day after its biggest-ever daily loss. U.S. consumer prices fell in March for the first time in four months while factory output slipped.
Gold, U.S. stocks bounce after rout but oil falters
NEW YORK (Reuters) - Gold and U.S. stocks rebounded on Tuesday as the previous session's sell-off lured buyers into the market but demand concerns sent oil below $100 a barrel for the first time in nine months. The broad rout in commodities and stocks seen in recent sessions was triggered by weak data from China and the United States that have sparked fresh concerns about the strength of the global economy's recovery.
Canada February factory sales surge, new orders fall
OTTAWA (Reuters) - Canadian factory sales surged in February at the fastest pace in 20 months, an encouraging sign for the economy after a downturn in January, although the number of new orders fell in the month, Statistics Canada said on Tuesday. The stronger-than-expected data gave a slight boost to the Canadian currency, which pushed below C$1.0210 immediately after the data was released.
Glencore clinches Chinese approval with copper deal
LONDON (Reuters) - China's antitrust authorities removed the last obstacle to Glencore's
Judge conditions $602 million SAC settlement on appeals court
NEW YORK (Reuters) - A judge on Tuesday signed off on a $602 million insider-trading settlement between a unit of SAC Capital Advisors and U.S. securities regulators, but he said final approval rests on the outcome of another high-profile case now on appeal. District Judge Victor Marrero in Manhattan called the settlement amount "significant and proportional to the sums allegedly at issue." However, he conditioned his approval on the impending ruling by a federal appeals court in a case involving Citigroup Inc
Daimler begins sale of EADS stake
FRANKFURT (Reuters) - German carmaker Daimler
Canada finance minister to raise Keystone pipeline with Lew
OTTAWA (Reuters) - Canadian Finance Minister Jim Flaherty will raise TransCanada Corp's
Monte Paschi prosecutors order seizure of 1.8 billion euros at Nomura
SIENA/LONDON, Italy (Reuters) - Italian prosecutors said they have ordered the seizure of 1.8 billion euros ($2.4 billion) of assets from Japanese bank Nomura as part of an investigation into a suspected fraud involving troubled lender Monte dei Paschi di Siena
Bank of Spain to decide fate of Santander CEO under new law
MADRID (Reuters) - The Bank of Spain said on Tuesday it would open new proceedings to decide the fate of Santander
Astorg hires Goldman to sell funeral firm OGF: sources
PARIS/LONDON (Reuters) - Buyout firm Astorg Partners has hired Goldman Sachs
Source: http://news.yahoo.com/ca-business-summary-021024103--finance.html
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