A group representing the rights of investors has been established with funding from the securities industry’s self-regulatory body and a blue-chip board of directors that includes two former chairmen of the Ontario Securities Commission.
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Oil prices dropped nearly 10% on Monday after the U.S. House of Representatives rejected the US$700-billion rescue package for the financial sector.
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General Motors of Canada Ltd. has lost its title as the country’s biggest company by revenue. Soon it may not even be the nation’s biggest vehicle manufacturer.
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Technology stocks on the Nasdaq Composite index were hit hard Monday as the broader market sold off and worrisome trends emerged for the future of consumer spending on electronic goods.
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It takes a brave soul to call the bottom in the depths of a global financial crisis, but Monday Citigroup’s Robert Rubin ventured a cautious prediction the end was in sight after his institution agreed to buy Wachovia’s banking operations in a government-backed rescue.
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Fan Gang, professor at the National Economic Research Institute and a consultant to the People’s Bank of China’s monetary-policy committee, said in an interview Monday China and the rest of the global economy were relying on the United States to prevent a deep recession that would have serious implications for global trade relationships, business and economic growth.
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European stocks initally fall as much as 2% early; FTSE edges higher; Japan’s Nikkei closed 4.12% lower
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Stocks were swept into a frantic tailspin Monday, recording some of their biggest losses in history as U.S. lawmakers blocked a US$700-billion bailout aimed at saving the financial system from a complete meltdown.
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PREVIEW-Thai Aug export growth seen down, inflation to easeForbes, NY - 6 hours agoEarly customs data showed the value of rice exported from Thailand, the world's biggest exporter, rose a more moderate 120 percent in August from a year ago …
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Myanmar's Nargis-hit rice fields replanted - FAOReuters - 21 hours agoThe storm left 134000 people dead or missing, making it one of the deadliest cyclones to hit Asia. (Reporting by Aung Hla Tun; Writing by Ed Cropley; …
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