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Scotiabank will take a $595-million hit to the bottom line due to the turmoil in the financial markets including the bankruptcy of Lehman Brothers, the bank announced Tuesday.
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In 'Islamic Art' sales this week, pieces at the top of the market rose to extravagant heights, while the intermediary market is on the verge of extinction.
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After an almost unprecedented week of global banking meltdown Rory Smith assesses how England's Premier League clubs stand financially.
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Federal Reserve Bank of Kansas City President Thomas Hoenig said Monday that the saving grace for the financial system should come from private institutions.
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China will keep reasonably robust economic growth despite the ongoing international economic recession, according to Merrill Lynch analysts in Beijing on Tuesday. "As part of the world economy, China certainly would be affected by the current financial crisis," said Liu
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A mining exploration company with stakes in Labrador has cancelled a winter drilling program, saying a local moratorium on uranium mining and turmoil in the stock markets have made it hard to keep investors interested.
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Europe's financial market crisis will not interfere with an expensive plan to reduce greenhouse gas emissions across the continent, leaders of the EU pledged Thursday.
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The International Monetary Fund is seeking assurances from Ukraine’s cabinet about next year’s budget, but President Viktor A. Yushchenko dissolved Parliament and, with it, the cabinet.
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German Foreign Minister Frank-Walter Steinmeier launched a scathing attack at Angela Merkel on Saturday, arguing that his Social Democrat Party is in the best position to rescue the country from the current financial crisis.
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EMBATTLED Taoiseach Brian Cowen arrived in the Chinese capital last night and was immediately sequestered away with officials.
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LONDON -- The British pound tumbled against the dollar on Friday, weighed down by dismal economic data, while the euro also dived on worries about Europe's exposure to emerging markets, particularly its crisis-stricken eastern neighbors.
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Millions of savers have been warned their pensions and investments will be hit badly by the turmoil engulfing hedge funds.
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Global indexes took a dive as investors rushed to sell off assets at the end of a volatile trading week. European stocks hit a five-year low while the US market slid more than 3 percent and Japan's Nikkei lost almost 10% of its value.
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Until recently, attracting money to Internet advertising was hardly a challenge. Now it is increasingly clear that Internet advertising is affected by the economic downturn. Spending is still rising, but growth has slowed sharply.
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The statement and a surprise rate cut in South Korea highlight the depth of concern over the financial turmoil, which has wreaked havoc not only in the debt and stock markets, but also in the currency markets.
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Stock markets across Asia have continued their nervous decline apart from in Japan where rumours of an enormous government bailout steadied the Nikkei.
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Honda Motor lowered its annual profit forecasts as a deepening financial crisis hammers global car demand and sends the yen soaring against major currencies
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Biotech companies, some of the riskiest stock around because most experimental drugs fail, have been negatively impacted by the financial crisis.
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Biotech companies, some of the riskiest stock around because most experimental drugs fail, have been negatively impacted by the financial crisis.
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THOUGH the economic slowdown has hit occupancy levels at hotels across the globe, this time around hoteliers are less likely to drop their average room rate.
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The CME Group, the world's biggest futures exchange, said that profits in the third quarter were up slightly from the same period last year as growth in the derivatives trade was hit by deleveraging from financial institutions damaged by the financial crisis
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As palm oil prices crash, Indonesian smallholders, who borrowed heavily against their land when prices were rising, struggle to pay their debt
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Leveraged buyout company Kohlberg Kravis Roberts has delayed plans for an initial public offering of shares in New York citing ongoing turmoil in the financial markets.
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Even as financial turmoil has cut into sales at many stores, it sent consumers into the arms of Wal-Mart.
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Dismal October sales figures from most leading US retailers underlined the impact of the financial turmoil on American shoppers across the economic spectrum
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The global financial crisis prompted a “particularly weak service sector performance” in the Scottish economy in October, according to the monthly survey sponsored by one of the crisis’s major casualties, the Royal Bank of Scotland.
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Mizuho Financial Group, the second-largest publicly traded Japanese bank, posted Thursday a $402 million net loss for the second quarter and stuck to its forecast for a smaller annual profit, as a weakening economy and overexposure to Japanese stocks are forcing it to raise capital.
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The sale in New York set several world records but there were several notables failures as well.
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LOS ANGELES (Hollywood Reporter) - Conventional wisdom dictates that Hollywood could always shrug off economic downturns because worried consumers spend more on entertainment when times are tough.
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ABOARD AIR FORCE ONE (Reuters) - George W. Bush headed on Friday to an Asia-Pacific summit aiming to seek support for global financial reform and hold talks on ending North Korea's nuclear program as his presidency winds down.
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World Bank's Regional Vice President for Europe and Central Asia Shigeo Katsu claimed.
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David Cameron called yesterday for a thorough investigation into the causes of the financial crisis, insisting that City executives should be prosecuted for any criminal wrongdoing.
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NEW HAVEN, Conn. (AP) -- Yale University says its nearly $23 billion endowment has dropped 25 percent to about $17 billion in recent months due to the recession....
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