Hot finance topics

Bank of England Governor Mervyn King said slower inflation gives policy makers room to increase bond purchases to aid the U.K. economy and guard against a

South Korea

The United States will hold talks with North Korea in Beijing Thursday on the possibility of providing food aid to the impoverished country, the State Department said.
The Obama administration has been deliberating on the issue for months. The United Nations and U.S. charities say aid is badly needed, but it remains a controversial issue. North […]

Livestock farmers are demanding a change in the nation’s ethanol policy, claiming current rules could lead to spikes in meat prices and even shortages at supermarkets if corn growers have a bad year.
The amount of corn consumed by the ethanol industry combined with continued demand from overseas has cattle and hog farmers worried that if […]

OTTAWA

The Bank of England is deciding whether to pump billions more pounds into the ailing British economy.
Bank watchers are split on whether the nine policymakers will announce more stimulus on Thursday, or wait another month.
There is growing pressure on the Bank to resume quantitative easing whereby it essentially creates new money by buying financial assets […]

President Barack Obama is on the road selling his jobs plan _ and his re-election hopes _ to plugged-in networkers in Silicon Valley and around the country.
He was to appear Monday at a town hall-style event hosted by the career-focused social networking site LinkedIn to pitch his nearly $450 billion jobs proposal as he travels […]

Cleveland has apparently grown weary of the rotting homes dotting its dying neighborhoods and decided to bring in the bulldozers – and send the tab to banks, NPR reported this morning.
It’s the first I’ve heard of what seems an increasingly reasonable, if extreme, response to our seemingly endless housing crisis: Cut our losses, share the pain – and move on. 
Cleveland has […]

Losses on the Toronto Stock Exchange accelerated into the triple digits Friday afternoon as investors fretted about whether the U.S. and global economies are headed for another recession that could punish corporate earnings and sap consumer confidence.
The S&P/TSX composite index lost 151.8 points to 12,034.9 a day after posting a three per cent decline. The […]

World stocks sank Thursday after an uneven day on Wall Street added to pessimism about the global economic outlook and Japan announced that exports had fallen for the fifth straight month in July.
Oil prices slipped below $87 a barrel while the dollar was higher against the euro and the yen.
European shares opened lower after an […]