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  • A man walks past an old Toronto Stock Exchange sign in Toronto
    TSX rises, bolstered in part by financials, materials Reuters - 1 hour 44 minutes ago

    TORONTO (Reuters) - Canada's main stock index was higher on Friday, as the heavily-weighted financial and materials stocks rose, offsetting losses among energy names. The Toronto Stock Exchange's …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    TORONTO (Reuters) - Canada's main stock index was higher on Friday, as the heavily-weighted financial and materials stocks rose, offsetting losses among energy names. The Toronto Stock Exchange's S&P/TSX composite index was up 12.41 points, or 0.09 percent, at 14,395.19 shortly after the open. Only three of the …

  • India plans to give $11 billion lifeline to ailing state banks Reuters - 2 hours 36 minutes ago

    Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion …

    An employee poses with the bundles of Indian rupee notes inside a bank in Agartala

    Planning to inject $11 billion of capital into debt-laden state banks over the next four years, Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year. High levels of non-performing assets in state-run banks have made it hard for the government …

  • Oil falls after OPEC comments imply no supply cut Reuters - 4 hours ago

    Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.

    An oil pump is seen in Lagunillas, Ciudad Ojeda, in the state of Zulia

    Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.

  • Russian central bank cuts key rate by 50 bps, warns on cooling economy Reuters - 4 hours ago

    Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday as expected, saying risks of the economy cooling now outweighed inflation risks. The 50 basis point cut means …

    A pharmacist receives a Russian 1000-rouble banknote from a customer buying medicine at a drugstore in the Siberian town of Divnogorsk near Krasnoyarsk

    Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday as expected, saying risks of the economy cooling now outweighed inflation risks. The 50 basis point cut means the central bank has now cut its one-week minimum auction repo rate by a cumulative 6 percentage points in 2015 (RUCBIR=ECI). …

  • Commodities, China stocks lick wounds after brutal July Reuters - 6 hours ago

    Commodities and China investors waved a relieved goodbye to July on Friday following a brutal sell-off that has revived fears about the global economy and overshadowed more encouraging news from the U.S. …

    Woman holding a parasol walks past a stock quotation board outside a brokerage in Tokyo

    Commodities and China investors waved a relieved goodbye to July on Friday following a brutal sell-off that has revived fears about the global economy and overshadowed more encouraging news from the U.S. and Europe.

  • Tokyo Electric execs to be charged over Fukushima nuclear disaster Reuters - 6 hours ago

    By Kentaro Hamada and Osamu Tsukimori TOKYO (Reuters) - A Japanese civilian judiciary panel on Friday forced prosecutors to indict three former Tokyo Electric Power (Tepco) executives for failing to take …

    General view of TEPCO's tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture

    By Kentaro Hamada and Osamu Tsukimori TOKYO (Reuters) - A Japanese civilian judiciary panel on Friday forced prosecutors to indict three former Tokyo Electric Power (Tepco) executives for failing to take measures to prevent the 2011 Fukushima nuclear disaster. The decision is unlikely to lead to a conviction of the former …

  • Uber to invest $1 billion in India to expand services Reuters - 6 hours ago

    Uber Technologies Inc will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States. Uber said …

    Employee works inside the office of U.S. online cab-hailing company Uber on the outskirts of New Delhi

    Uber Technologies Inc will invest $1 billion in India in the next nine months, as the online taxi-hailing company looks to expand its services in its biggest market outside the United States. Uber said it would use the additional investment to improve operations, expand beyond the 18 Indian cities where it now operates, …

  • Honda profit up 20 percent as robust U.S. sales, weak yen offset quality costs Reuters - 7 hours ago

    Honda Motor Co <7267.T> said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related …

    A reflection of a man sitting in front of a monitor displaying the logo of Honda Motor Co is seen in a side mirror of its car displayed inside a showroom at the company's headquarters in Tokyo

    Honda Motor Co <7267.T> said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs.

  • Quebecor wants to recruit partners in bid to bring back Nordiques The Canadian Press - 18 hours ago

    Quebecor Inc. says it's recruiting partners for its bid to bring the Nordiques back to Quebec City.

    Pierre Dion, president and chief executive officer of Quebecor and Quebecor Media arrives for their annual meeting in Montreal

    Quebecor Inc. says it's recruiting partners for its bid to bring the Nordiques back to Quebec City.

  • Gathering rate hike hopes lift dollar, Treasury yields Reuters - 19 hours ago

    By Michael Connor NEW YORK (Reuters) - The dollar touched one-week highs and shorter-term U.S. Treasury yields rose on Thursday as accelerating U.S. gross domestic product data encouraged bets policymakers …

    Genral view of trading floor of Frankfurt stock exchange in Frankfurt

    By Michael Connor NEW YORK (Reuters) - The dollar touched one-week highs and shorter-term U.S. Treasury yields rose on Thursday as accelerating U.S. gross domestic product data encouraged bets policymakers will start hiking U.S. interest rates as soon as September. Wall Street ended mostly higher but gains were muted …