Starbucks 1Q profit up 10 percent on strong sales

Starbucks Corp.’s reported the biggest quarterly revenue gain since the recession began, but investors worried after the company issued a modest full-year forecast.
The Seattle-based coffee […]

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Draghi Questions Role of Ratings Companies - Bloomberg

European Central Bank President Mario Draghi said investors largely priced in the euro-area sovereign downgrades from Standard & Poor

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BOE Says U.K. Lenders Expect to Toughen Loan Terms on Euro-Crisis Impact - Bloomberg

U.K. banks (F3BANK) expect to toughen the criteria on loans to companies and households in the first quarter because of strains in wholesale funding markets, […]

Canadian oil giant Suncor to suspend operations in Syria

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Italian government discussing new measures

Premier Mario Monti convened a Cabinet meeting in Rome on Sunday to discuss emergency austerity and growth measures aimed at saving the euro currency from […]

Average Toronto house price jumps to $465,369

The fall weather has yet to cool house sales with sales of newly listed homes up 2.7 per cent in September over August and 11 […]

Mongolia council rejects plan for key coal project

Mongolia’s National Security Council has rejected a plan for U.S. mining giant Peabody Energy, China’s Shenhua Group and a Russian-Mongolian consortium to jointly develop the […]

World Bank: China can help by boosting consumption

China can boost global economic growth by pressing ahead with reforms to promote domestic consumption and reduce reliance on exports and investment, World Bank President […]

U.S. jobs report fuels recession fears

A disastrous U.S. jobs report Friday provided the best evidence yet that the American economy is sputtering toward a recession.
Economists say that spells trouble for […]

Budget deficit slips to $1.28T; red ink continues

After months of unrelieved gloom and discord, Congress and President Barack Obama are starting to make a dent in the federal budget deficit. It’s projected […]