Asian shares fall on fears for health of world economy
TOKYO (Reuters) - Growing doubts over the health of global economies pushed Asian shares lower on Thursday, adding to investor caution before the European Central Bank meeting later in the day that could see interest rates cut to support growth. Investor sentiment has weakened as oil futures and U.S. stocks dropped overnight after the latest U.S. economic data cast doubts about the strength of the world's biggest economy.
TSX drops hard as commodity prices fall
TORONTO (Reuters) - Canada's main stock index fell more than 1 percent on Wednesday, hurt by sluggish economic data from China that yanked commodity prices lower and by weak earnings reports from some of the country's biggest companies. Growth in the manufacturing sector in China, a big consumer of commodities from Canada, slowed unexpectedly in April as new export orders fell, raising fresh doubts about the strength of that economy after a disappointing first quarter.
Bank of Canada's Carney says growth looking better than expected
EDMONTON, Alberta (Reuters) - There appears to be more momentum in the Canadian economy in the first quarter than the central bank had anticipated in its quarterly forecasts last month, Bank of Canada Governor Mark Carney said on Wednesday. "Very short-term performance, yeah, there is on average a bit more momentum," Carney told reporters when asked if he saw growth surpassing the bank's forecast of 1.5 percent annualized growth in the first quarter.
Analysis: Wall Street to Best Buy - Now, get out of China
NEW YORK (Reuters) - Best Buy's
Analysis: CIBC's Canada focus raises concerns as growth slows
TORONTO (Reuters) - Canadian Imperial Bank of Commerce's
BOJ says monetary base soars to record on new QE scheme
TOKYO (Reuters) - Japan's monetary base soared to a record in April, the Bank of Japan said on Thursday, as the central bank's more aggressive quantitative easing program boosts the amount of money flowing through the economy. The BOJ unveiled a radical overhaul of monetary policy on April 4 by shifting its policy target to the monetary base from short-term interest rates.
Canada April auto sales rise for Detroit carmakers
(Reuters) - Canadian sales rose for the three Detroit automakers, led by strong sales for pickup trucks. Ford Motor Co
Dish chairman asserts U.S. advantage in Sprint bid
NEW YORK (Reuters) - Dish Network Corp
China factory growth eases, adds to recovery risk
BEIJING (Reuters) - China's factory-sector growth eased in April as new export orders fell for the first time this year, a private survey showed on Thursday, suggesting the euro zone recession and sluggish U.S. demand may be risks to China's economic recovery. The final HSBC Purchasing Managers' Index (PMI) dropped to 50.4 in April from March's 51.6 and was largely in line with a flash reading last week of 50.5. Fifty divides expansion from contraction on a monthly basis.
Brazil's Odebrecht plans $20 billion spend, targets Peru as key investment
LIMA (Reuters) - Brazilian conglomerate Odebrecht
Source: http://news.yahoo.com/ca-business-summary-001006025.html
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