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In the first remarks since his ouster, former Egyptian President Hosni Mubarak denied he abused his authority to amass wealth and property in a speech broadcast Sunday, as hundreds of protesters occupying the heart of Cairo shouted for him to be brought to trial.
Mubarak, forced out of office two months ago by a popular uprising, […]
Vietnam’s central bank raised the amount of dollar deposits lenders must set aside as cash to curb the use of foreign currency in the nation and stabilize the dong.
The reserve ratio on deposits held in the U.S. currency will increase by 2 percentage points to a range from 3 percent to 6 percent from […]
World stock markets rose Monday after a drop in U.S. unemployment boosted sentiment despite ongoing crises in Japan and the Middle East.
Oil prices jumped to fresh 30-month highs near $109 a barrel, pushed upward by signs that a stronger U.S. economy would strengthen demand for oil while continuing unrest in some oil-producing countries could disrupt […]
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Japanese stocks opened higher Monday, as a steadily weakening yen helped key exporters gain ground following the March 11 earthquake-tsunami disaster and positive jobs data out of the U.S. provided evidence its economic recovery was on track.
The benchmark Nikkei 225 index was 0.7 percent higher to 9,778.28, ignoring a Bank of Japan report that the […]
Amazon.com wants to be more than a destination for shopping online _ it also dreams of being a place where you can store your music, photos and videos and access them any time, from any computer.
The online retailer launched two new offerings late Monday: Amazon Cloud Drive and Amazon Cloud Player. The first lets you […]
The Goldman Sachs Group has received regulators’ permission to spend $5.65 billion to repurchase Berkshire Hathaway’s preferred shares in the banking giant.
Goldman said Friday that the Federal Reserve had approved its plan to repay Warren Buffett’s company for the $5 billion investment it made at the height of the financial crisis in the fall of […]
Gas prices continued to rise Monday, driven higher for nearly two weeks straight by the turmoil in Libya, with analysts expecting prices to keep climbing.
The national average price for a gallon of regular gasoline rose six tenths of a cent to $3.509, according to a daily survey by motorist group AAA.
Gas prices […]
House Republicans on Friday urged Senate Democrats to accept $4 billion in cuts as a compromise to keep the government running for two weeks past a March 4 deadline.
“A government shutdown is not an acceptable or responsible option for Republicans,” House Majority Leader Eric Cantor of Virginia said in a conference call where he and […]
NOTE: This article has been edited from a previous version.
Like many bond investors, Dominic is on the fence.
The Toronto investor, who asked that his last name not be used, likes bonds because they provide a reliable, steady return, more than a GIC, but without the risk associated with stocks.
He estimates his return was about 5 […]
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Rock-Tenn’s acquisition of Smurfit-Stone Container Corp. has received antitrust approval from the Federal Trade Commission, clearing the way for the $3.5 billion sale to proceed.
Both companies announced today that the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The sale is still contingent on the approval of […]