TSX falls sharply as gold leads broad selloff
TORONTO (Reuters) - Canada's main stock index fell more than 1 percent on Friday, as weak U.S. economic data dulled hopes for the Canada's export sector, while a sharp drop in gold prices pulled mining stocks to multi-year lows. The mining-heavy TSX materials sector dropped 4.21 percent to its lowest level since 2009, fueled by a 4 percent drop in gold prices and sliding copper, while weak oil prices yanked energy stocks down by 1.95 percent.
FAA sees lessons from Boeing 787 battery woes
NEW YORK/COLORADO SPRINGS, Colorado (Reuters) - U.S. regulators are discussing whether the batteries that burned on Boeing Co's
Exclusive: G20 to consider cutting debt to well below 90 percent/GDP: document
DUBLIN (Reuters) - Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared for the meeting showed. The proposal, prepared by the co-chairs of the G20 Working Group on the Framework for Growth, follows agreement of the leaders of G20 countries in June last year to set ambitious debt reduction targets beyond 2016, when, under an earlier agreement from Toronto in 2010, debt was to stop growing.
Troika concludes Greek bailout review, next aid tranche soon: source
DUBLIN/ATHENS (Reuters) - An inspection team of international lenders has finished its review of Greece's austerity program, paving the way for another 10 billion euros aid payment, a source with knowledge of the talks said on Saturday. The deal reached on Friday, concludes the first review by the so-called "troika" of the European Commission, the International Monetary Fund and the European Central Bank since they unlocked fresh aid in December, staving off a chaotic bankruptcy.
Analysis: JPMorgan's lukewarm results put Dimon under more pressure
NEW YORK (Reuters) - JPMorgan Chase & Co
Greek PM says deposits are safe, banks shielded: paper
ATHENS (Reuters) - Greek bank deposits are safe and the country's lenders are protected due to a recapitalization scheme which will be completed by the end of April, Prime Minister Antonis Samaras said on Saturday. In an interview with Imerisia, Samaras ruled out a tax on deposits over 100,000 euros ($131,000) allaying fears of austerity-hit Greeks that their savings may be at risk after a raid on Cyprus depositors as part of the island's bailout.
Italy's Salini eyes foreign growth after Impregilo merger: report
MILAN (Reuters) - Italian builder Salini, taking over larger rival Impregilo
Austria defies mounting pressure to end bank secrecy
DUBLIN (Reuters) - Austria defied growing pressure to follow Luxembourg in ending bank secrecy, after a group led by Europe's six biggest countries pledged to work together to tackle tax havens. Late on Friday, the finance ministers of Germany, France, Britain, Italy, Spain and Poland announced their desire to jointly push for more bank transparency, a message they will take to the meeting of the Group of 20 top global economies in Washington next week.
Canada says April "optimal" for naming next Bank of Canada chief
OTTAWA (Reuters) - Canada's government would ideally like to name a new Bank of Canada governor this month to replace Mark Carney, who will step down on June 1 to take the helm at the Bank of England, Finance Minister Jim Flaherty said on Friday. "Part of the process is my interviews of the short-listed candidates," Flaherty told reporters on a conference call during an official visit to Bermuda.
Wells Fargo profit beats, but mortgage business slows
(Reuters) - Wells Fargo & Co