Hot finance topics

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 […]

Britons are snapping up the last edition of Britain’s best-selling Sunday tabloid News of the World, after the 168-year-old muckraking paper was brought down in a phone-hacking scandal.
The 8,674th edition apologizes to readers for letting them down, saying “quite simply we lost our way” and acknowledging that “phones were hacked.”
Allegations the paper’s journalists paid police […]

Billionaire investor Warren Buffett said Friday the nation’s employment picture will improve significantly once residential housing construction rebounds.
Buffett spoke to Bloomberg Television Friday morning as the Labor Department released a weaker-than-expected monthly jobs report. He said the report shows the economy is still a long way off from where it should be, but Buffett remains […]

Toyota says its profit for the fiscal year through March 2012 will fall 31 percent to 280 billion yen ($3.5 billion) in an outlook that underlines a robust recovery in the latter half of the fiscal year from the damage of an earthquake and tsunami.
Toyota Motor Corp. made the announcement Friday. It had not given […]

More evidence the U.S. economy has hit a soft patch and political uncertainty in disaster-hobbled Japan sent world stock markets sharply lower Thursday.
Oil prices fell below $100 a barrel after a report showed an unexpected jump in U.S. crude supplies, suggesting demand is weakening. The dollar weakened against the euro and the yen.
Markets were down […]

Natural disasters in Australia probably cut more than 1 percentage point from economic growth in the first quarter, Treasurer Wayne Swan said ahead of a government report this week on gross domestic product.
The June 1 report from the Bureau of Statistics likely will show a “dramatic hit” from floods and a cyclone in Queensland […]