TSX slips to three-month low as U.S. data drags
TORONTO (Reuters) - Canada's main stock index fell to its lowest in more than three months on Thursday, led by declines in energy and financial shares, as weak U.S. jobless claims numbers stoked worries about the recovery in the world's biggest economy. Investors also nervously eyed major monetary policy moves, with the Bank of Japan planning to pump more money into the economy and the European Central Bank President saying the ECB was "ready to act."
SNC-Lavalin chairman, three other board members to retire
TORONTO (Reuters) - SNC-Lavalin Group Inc
Analysis: U.S. turns to thrift-era fraud law to tackle money laundering
WASHINGTON (Reuters) - The Justice Department is again testing the reach of a once-dormant civil fraud law, applying it to money laundering after reviving it recently for cases tied to the financial crisis. The Financial Institutions Reform, Recovery and Enforcement Act, passed in 1989 in response to the savings-and-loan crisis, covers fraud that "affects" federally insured financial institutions, a broad category that is increasingly useful to government lawyers.
Exclusive: UBS was mystery lender for Thai group's Ping An buy from HSBC - sources
HONG KONG (Reuters) - The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, people with direct knowledge of the matter told Reuters, revealing how the bank stepped in at the last minute to offer a complex financing package known only to a few involved. The Swiss bank's financial backing for China's largest ever foreign stock purchase explains how a Thai conglomerate scraped together $7.4 billion in cash for the deal's final payment, after its main lender backed out at the 11th hour.
Ex-Monte Paschi managers hit with five-million-euro fine: sources
FLORENCE, Italy (Reuters) - The Bank of Italy has ordered former top executives of Monte dei Paschi di Siena
Telefonica receives $257 million credit line for Blackberry phones
MADRID (Reuters) - Telefonica
BOJ to pump $1.4 trillion into economy in unprecedented stimulus
TOKYO (Reuters) - The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows. New Governor Haruhiko Kuroda committed the BOJ to open-ended asset buying and said the monetary base would nearly double to 270 trillion yen ($2.9 trillion) by the end of 2014, a dose of shock therapy officials hope will end two decades of stagnation.
Thousands protest Chevron's shale gas plans in Romania
BARLAD, Romania (Reuters) - Thousands of Romanians across the country protested on Thursday against Chevron's
Samsung to open brand shops in Best Buy stores; Wall Street approves
NEW YORK (Reuters) - Samsung Electronics Co Ltd is planning to install its brand shops in more than 1,400 Best Buy Co Inc
Ex-Goldman trader Taylor pleads guilty to wire fraud
NEW YORK (Reuters) - Ex-Goldman Sachs Group Inc
Source: http://news.yahoo.com/ca-business-summary-003556248--finance.html
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