World + Economy

Latest News

  • Investors look at an electronic board showing stock information at a brokerage house in Fuyang
    Oil slides in thin trade on rising U.S. rig count Reuters - 15 hours ago

    Oil prices fell on Friday as a rising U.S. rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

    Investors look at an electronic board showing stock information at a brokerage house in Fuyang

    Oil prices fell on Friday as a rising U.S. rig count stoked fears of global oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

  • Greek referendum: Campaigns, neck and neck in polls, reach dramatic finale The Canadian Press - 22 hours ago

    ATHENS, Greece - The brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneThe brief but intense campaign in Greece's critical bailout referendum ends Friday, …

    Greek poll shows 2 sides neck and neck before crucial Sunday referendum

    ATHENS, Greece - The brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneThe brief but intense campaign in Greece's critical bailout referendum ends Friday, with simultaneous rallies in Athens supporting "yes" and "no" answers to a murky question in what an opinion poll suggests …

  • European bonds and stocks on the defensive before tight Greek vote Reuters - 22 hours ago

    European bonds and stocks traded cautiously at Friday's market opening before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest …

    A trader sits in front of the computer screens at his desk at the Frankfurt stock exchange

    European bonds and stocks traded cautiously at Friday's market opening before a Greek referendum on EU-prescribed reforms that could determine the country's future in the euro zone and which polls suggest could go either way.

  • China hunts for 'manipulators' as stocks tumble Reuters - 23 hours ago

    Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures …

    An investor walks past as information displayed on an electronic screen at a brokerage house in Shanghai

    Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash.

  • Stock markets extend recent gains to hit 2-1/2-month highs Reuters - 23 hours ago

    India's stock markets hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the …

    A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

    India's stock markets hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the monsoon also helped sentiment.

  • World stocks drift lower ahead of Greek vote; Chinese stocks plunge as boosting measures fail The Canadian Press - Fri, 3 Jul, 2015 5:26 AM EDT

    World stock markets mostly drifted lower Friday ahead of Greece's weekend austerity referendum, while China's main stock benchmark plunged as much as 7 per cent as government market stabilization measures …

    World stocks drift lower ahead of Greek vote; Chinese stocks plunge as boosting measures fail

    World stock markets mostly drifted lower Friday ahead of Greece's weekend austerity referendum, while China's main stock benchmark plunged as much as 7 per cent as government market stabilization measures failed to reassure panicky investors.

  • BP to pay record $18.7 billion to states affected by oil spill The Canadian Press - Fri, 3 Jul, 2015 5:13 AM EDT

    More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected …

    BP to pay record $18.7 billion to states affected by oil spill; total obligations of $53.8B

    More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected states in hopes of bringing an end to a legal drama that has cost the company billions.

  • Euro zone businesses shrug off Greek fears; growth reaches four-year high - PMI Reuters - Fri, 3 Jul, 2015 4:05 AM EDT

    Euro zone business activity expanded at its fastest pace in four years last month as the European Central Bank's stimulus package more than offset fears Greece could crash out of the currency union, surveys …

    Greek national flag is placed at a stall selling candy floss at the northern city of Thessaloniki

    Euro zone business activity expanded at its fastest pace in four years last month as the European Central Bank's stimulus package more than offset fears Greece could crash out of the currency union, surveys showed.

  • The Latest: Greek president cancels previously planned visit to Germany next week The Canadian Press - Thu, 2 Jul, 2015 4:52 PM EDT

    ATHENS, Greece - The latest news on Greece's financial woes (all times local):

    The Latest: French leader says quick rescue deal for Greece possible if 'yes' side wins vote

    ATHENS, Greece - The latest news on Greece's financial woes (all times local):

  • Oil flat as U.S. rig count rise cools gains, gasoline jumps Reuters - Thu, 2 Jul, 2015 3:16 PM EDT

    Oil prices steadied on Thursday after a day of steep losses driven by an unexpected build in U.S. crude stocks that added to a global supply glut.

    A pump jack is seen at sunrise near Bakersfield

    Oil prices steadied on Thursday after a day of steep losses driven by an unexpected build in U.S. crude stocks that added to a global supply glut.