Financial markets
Canadian stocks suffered a decline on Friday, December 11, 2009, as the S&P/TSX Composite Index dropped 40.64 points, or 0.35 percent, to close at 11,423.93. The losses came despite the index's year-to-date gain of 27 percent, driven by rising gold prices
Banking industry
General Electric (NYSE: GE) is planning to sell its security business, which manufactures alarms, surveillance systems, and other safety products, with a potential sale price of $2 billion. The move is in line with GE's strategy to exit non-core businesses. The company has hired JPMorgan Chase & Co.
Banking industry
Warner Chilcott, a specialty drug maker, has announced plans to acquire Procter & Gamble Co.'s (NYSE: PG) prescription drug business for about $3 billion, expanding its market share in the women's health market. This acquisition is part of P&G's strategy to focus
Financial markets
The Colombian benchmark IGBC stock index fell by 1% on Tuesday, closing at 9571.99 points, after a four-day streak of gains. The market's decline was influenced by the performance of shares in New York and neighboring markets, which were impacted by the Dow Jones Industrial Average'
Financial markets
The Bank of Japan has finally crossed the 10 billion yen threshold in its share purchase program for commercial banks, reaching 10.98 billion yen as of the latest data release. This marks a significant milestone achieved in less than four months, with the program's resurrection in February
Financial markets
The Colombian stock market continued its upward trend, driven by shares of state-controlled oil company Ecopetrol and a strong financial sector. The Colombian IGBC stock index rose 1.1% to 9,414.17 points, with a total trading volume of 99.4 billion Colombian pesos ($48.2 million). Oil prices
Financial markets
European stocks are poised to start the new trading month higher, benefiting from a late surge on Wall Street and investor confidence about the economic outlook, particularly in the wake of General Motors' expected bankruptcy and the turnaround prospect for the beleaguered car maker. Matt Buckland, a dealer at
Financial markets
The Toronto stock market rebounded from last week's decline, surging over 300 points on growing optimism that the spring rally has momentum. The rally was driven by oil prices topping $60 US a barrel for the first time since November, with the TSX energy sector advancing 5.5
Financial markets
Indian investors celebrated the UPA government's decisive win in the general election, with major index stocks witnessing a massive surge. The top gainers included Anil Ambani group firms Reliance Communication and Reliance Infrastructure, engineering major Larsen and Toubro, the flagship company of Jaypee Group, Jaiprakash Associates, and India&
Financial markets
A combination of a rising equity market and a firm dollar significantly reduced the safe-haven demand for gold on Thursday, causing gold futures to drop on the COMEX Division of the New York Mercantile Exchange. This move was also followed by a decline in silver prices, while platinum prices saw
Financial markets
Global equities slumped on Tuesday after Alcoa's disappointing earnings report sparked concerns about the U.S. earnings season, and European stocks are expected to follow suit on Wednesday. According to Jimmy Yates, head of equities at CMC Markets, London's FTSE 100 index is predicted to drop
Financial markets
As traders took profits from a three-week exuberant rally, the Toronto Stock Market closed sharply lower yesterday. The S&P/TSX composite index fell 174.44 points to close at 8,821.06, maintaining a 16.5% increase since the market's rally began on March 10. This
