Business News

at 7:47 on March 10, 2010, EDT.

OPEC boosts 2010 oil demand forecast by 100,000 barrels a day; ties growth to global recovery

CAIRO, Egypt - OPEC has raised its projections for oil demand growth this year by 100,000 barrels per day, but stresses that gains could be eroded if the U.S. government scales back on stimulus efforts before the country's economy fully recovers.

→ Details...

at 7:44 on March 10, 2010, EDT.

Quebecor reports $73.8 million profit in fourth quarter

MONTREAL - Quebecor Inc. (TSX:QBR.B) had a $73.8-million profit in the fourth quarter, as the Montreal-based media company benefited from growth in its telecommunications segment and productivity improvements in its news media.

→ Details...

at 7:12 on March 10, 2010, EDT.

World stocks flat but pound takes another hit

LONDON - World stock markets traded in a narrow range Wednesday as investors looked for renewed direction, while the British pound continued to founder following unimpressive industrial output figures.

→ Details...

at 6:39 on March 10, 2010, EDT.

Greek general strike to shut down services across the country Thursday

ATHENS - Greek unions say nationwide strikes will shut down all public services, closing schools, customs and tax offices, halting public transport and grounding flights for 24 hours.

→ Details...

at 5:48 on March 10, 2010, EDT.

Oil drifts to near $81 as inventory report reflects choppy US demand recovery

SINGAPORE - Oil prices drifted down to near US$81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.

→ Details...

at 5:46 on March 10, 2010, EDT.

China's February exports jump 45.7 per cent from a year as global demand recovers

BEIJING - China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.

→ Details...

at 5:44 on March 10, 2010, EDT.

Cathay Pacific Airways returns to full-year profit after racking up record loss

HONG KONG - Cathay Pacific Airways Ltd. returned to profit in 2009 as cost-cutting measures and bets on fuel prices helped Asia's No. 3 carrier rebound from its biggest loss ever the year before.

→ Details...

at 5:43 on March 10, 2010, EDT.

Goldman Sachs seeks to appeal Canwest TV sale to Shaw

TORONTO - Wall Street investment bank Goldman Sachs has asked an appeals court to kill the sale of Canwest Global Communications' television assets to cable operator Shaw Communications (TSX:SJR.B).

→ Details...

at 5:41 on March 10, 2010, EDT.

Curbing derivatives could make it harder for Greece to dig itself out of debt, experts say

NEW YORK - Derivatives have become a dirty word.

→ Details...

at 22:54 on March 9, 2010, EDT.

Soaring China property prices raise worries over bubble, leave many unable to buy own homes

SHANGHAI, China - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.

→ Details...