Societe Generale trader Jerome Kerviel may have had internal help when he built up massive stock market bets that led to the world’s worst trading scandal, a report published by the French bank said on Friday.
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Belgian brewer InBev, the world’s second-biggest by volume, is working on a US$46-billion bid approach to U.S. rival Anheuser Busch, the FT Alphaville Web site said on Friday.
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Hundreds of thousands of BCE Inc. shareholders could lose billions of dollars unless the Supreme Court of Canada hears a quick appeal of a lower court decision that threatens to scuttle the buyout of the company, BCE argued in a court submission.
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The pace of existing home sales in the United States fell 1% in April to a 4.89 million-unit annual rate, the National Association of Realtors said in a report on Friday that was slightly better than expectations.
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The main TSX index trimmed some earlier losses but still ended lower Friday, knocked down as investors locked in profits following the index’s recent surge to record highs.
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The Canadian economy likely got worse in the first quarter of the year, and just how much worse will be revealed in the coming week.
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As the Industry Canada wireless spectrum auction nears, potential bidders are fading out like a bad cell phone call.
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Light crude rose Friday on the weak U.S. dollar and ongoing long-term supply concerns that briefly pushed oil to a peak over US$135 this week.
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Amid the gloom of one of the worst periods for the global banking industry, four out of five senior bankers in Canada and elsewhere admit they are not well prepared for the industry’s major risks tied to credit, derivatives and liquidity.
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Malaysia StarRice Price Surge Is Defying Asia's IngenuityBloomberg - May 21, 2008May 22 (Bloomberg) — The intolerable surge in rice prices presents Asia with a rather unpleasant dilemma. Rough rice prices have doubled in the past year …India puts thought on the table Asia Times OnlineRice losing place on Asian plate as diets improve ReutersRice tumbles on better crop outlook; soybean up Reuters IndiaBangkok Post - AllAfrica.comall 31 news articles
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