Bank failure tally reaches 140

Banks in six U.S. states were closed Friday, bringing the total number of failed banks this year to 140, at a cost of over […]

Singapore Job Firings Slow, Vacancies Rise as Economy Improves

Singapore employers fired fewer workers last quarter than in the previous three months and increased payrolls and job openings as the economy exited its […]

Chinese export slump eases

SHANGHAI, China – China’s exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand […]

GM takes over CAMI

General Motors of Canada now owns CAMI Automotive and its major assembly plant in Ingersoll near London.
GM announced Friday that it had bought out the […]

National Bank net profits soar

MONTREAL–National Bank Financial Group saw its profits and revenue rise in the fourth quarter despite the recessionary economy.
The Montreal-based bank reported net income […]

General America policyholders to get payments

General America policyholders to get payments — More than 300,000 current and former policyholders of General American Life Insurance Co. will be receiving a […]

Hong Kong Bankruptcy Filings Fall to Lowest in Year

Hong Kong’s personal bankruptcy filings fell in October to a one-year low as the city emerges from its worst slump since the 1997-98 Asian […]

Qatar sells $2 billion Barclays stake, shares fall

Qatar is selling 379.2 million shares in British bank Barclays, worth over 1.3 billion pounds ($2.1 billion), the second major Middle East investor set […]

New U.S. accounting rules may derail consumer lending

The Federal Reserve’s program to revive the markets for U.S. securitized debt may be disrupted and credit to consumers choked off if planned accounting […]

Service sector grows for first time in a year

The U.S. service sector grew in September for the first time in more than a year, creating jobs in banking and restaurants and giving […]