Asian stock markets mixed ahead of Fed statement; oil hovers near $80
HONG KONG - Asian stock markets were mixed Tuesday as investors held back ahead of the U.S. Federal Reserve’s latest assessment of the world’s largest economy.
It marked the region’s third consecutive day of mediocre trade. Oil prices wallowed below US$80 a barrel, while the dollar weakene...
Tuesday , March 16, 2010
Debate heats up at Fed over how and when to signal higher interest rates
WASHINGTON - Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered.
A rate hike isn’t imminent. But at their meeting Tuesday, Federal Reserve Chairman Ben Bernanke and his colleagues will likely focus on how to t...
Tuesday , March 16, 2010
Rio Tinto predicts continued strong commodities demand from China, then India
MELBOURNE, Australia - China’s demand for iron ore, copper, coal and aluminum will increase dramatically during the next 15 years before India takes the lead in its need for those commodities, global miner Rio Tinto Ltd. predicted in its annual report released Tuesday.
Rio Tinto chief exec...
Tuesday , March 16, 2010
Sean Durfy resigns as president and CEO of WestJet for ’personal reasons’
CALGARY - Sean Durfy, president and CEO of WestJet Airlines Ltd. (TSX:WJA), says he will resign his position on April 1 for "personal reasons."
Durfy will be replaced by Gregg Saretsky, who joined WestJet in June 2009 as vice-president of WestJet Vacations before becoming vice-president of...
Monday , March 15, 2010
Some Toyota drivers sue in U.S., want full refund after safety recall
MIAMI - A group of Toyota owners sued the Japanese automaker Monday, demanding a full refund for their recalled cars and seeking a payout that could exceed several billion dollars.
Dozens of Toyota owners in Arizona and Washington claim the vehicles recalled over incidents of sudden accele...
Monday , March 15, 2010
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