European Stocks Down on Disappointing News
While China’s news was pleasing for the markets, Europe’s business activity data was less pleasing.
US Housing In Focus
Those involved in investments and real estate will be waiting for important numbers this week.
Finance Minister “Not Especially Worried” about Canadian Housing Market
Despite continuing concerns of the housing market facing a correction, Finance Minister Joe Oliver says he is ‘not especially worried’ about the market, but is monitoring prices closely.
BNP Paribas Close to Deal with US Authorities
Over the last few days the broad terms of a deal between the US financial authorities and French bank BNP Paribas over $30 billion of deals in violation of US sanctions against Sudan.
China Manufacturing Grows
Manufacturing in the world’s second largest economy has seen growth for the first time this year, as the effects of the mini-stimulus by Beijing appear to be working.
The Bold and the Independent
Going solo – sans big firm – can be daunting for any financial planner. But still so many continue to dream. One advisor who overcame that fear now wants to help guide others through it
IMF Calls for QE from ECB
The Eurozone inflation issue may be best tackled by quantative easing, according to the Managing Director of the International Monetary Fund.
Boston Firm Looks to Break Up Investment Banks Monopoly
Fidelity Investments of Boston held a conference yesterday, with the aim to encourage investors to choose an alternative to the traditional route to an IPO.
Canadian Firms Hoarding More Cash
Privately held, non-financial corporations in Canada are hoarding $630 billion of cash according to the latest figures from Statistics Canada.
AbbVie Rejected by Shire
Chicago based pharmaceutical company AbbVie has had its $46.3 billion takeover bid for Irish firm Shire rejected.