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Top executives at large Vietnamese private bank resign

Written By empapat on Rabu, 19 September 2012 | 22.44

HANOI, Vietnam - Three executives at a large Vietnamese bank have resigned amid a deepening probe into a scandal that has shaken investor confidence in the country. Asia Commercial Bank said late Wednesday it had approved the resignation of chairman...

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Oil's slide continues as data reinforce global slowdown fears

A pump jack dwarfs a house being northwest of Calgary, in this Sept. 28, 2004 photo. THE CANADIAN PRESS/Jeff McIntosh BANGKOK - Oil sagged for a fourth day Thursday as high inventories and economic data from China and Japan reinforced...

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Strikers block trains across India; opposition protesting moves welcoming foreign retailers

NEW DELHI - Angry opposition workers have disrupted train services as part of a daylong strike in India to protest rising diesel prices and the government's decision to open the country's huge retail market to foreign companies. Protesters carrying...

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Asian stock markets down as Japan trade data underlines weakness in global economy

A man looks at the share price of Japan Airlines on an electronic stock board after a ceremony to mark its relisting at the Tokyo Stock Exchange in Tokyo, Wednesday, Sept. 19, 2012. Japan Airlines Co. capped an $8.5 billion initial public offering,...

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Source: MLB nears eight-year deals with Fox and Turner covering 2014-21

Toronto Blue Jays left fielder Anthony Gose cannot catch a double hit by New York Yankees' Ichiro Suzuki during the eighth inning of the first baseball game of a day-night doubleheader Wednesday, Sept. 19, 2012, at Yankee Stadium in New York. The...

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News Corp. seeks dismissal of shareholder lawsuit blaming board for coverup of hacking

DOVER, Del. - Attorneys for News Corp. asked a Delaware judge on Wednesday to dismiss a shareholder lawsuit alleging that company directors allowed a damaging coverup of the phone hacking scandal in Britain. The plaintiffs claim the board, in blind...

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CN says rival CP will eventually catch up after Harrison fixes shortcomings

MONTREAL - The head of Canadian National Railway says rival Canadian Pacific Railway will eventually catch up to its industry-leading performance with new CEO Hunter Harrison at the helm and it will benefit the entire industry. Claude Mongeau told...

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Federal agency launches massive project to consolidate sprawling email systems

OTTAWA - A federal agency has launched the next phase of a massive project to consolidate hundreds of thousands of government email accounts under one umbrella. The initiative will begin to herd some 640,000 email boxes, spread across hundreds of servers,...

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Most actively traded companies on the TSX, TSX Venture Exchange markets(300)

TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,436.16 up 13.45 points): CGA Mining Ltd. (TSX:CGA). Miner. Up six cents, or 2.26 per cent, at $2.71...

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Air Canada poised to unveil discount carrier plans; WestJet regional schedule

An Air Canada jet takes off over the terminal at the Halifax airport on Sept. 12, 2011. THE CANADIAN PRESS/Andrew Vaughan MONTREAL - Canada's two largest airlines have their sights set on new growth plans, with Air Canada set to announce...

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McCain to double capacity of potato processing plant in Harbin, China

TORONTO - McCain Foods Ltd. announced plans Wednesday to double the capacity of its potato processing plant in Harbin, China. Financial details of the expansion were not immediately available. The company said the Harbin plant was built in 2005 and...

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Transport Canada issues safety recall on 40,000 Malibu, G6 and Aura cars

TORONTO - Transport Canada has issued a safety recall on 40,000 cars over a potential problem with their automatic transmission. The recall affects 2008-10 Chevrolet Malibu and Pontiac G6 cars as well as 2007-2010 Saturn Auras. The recall warns the...

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Taiwan's Foxconn signing $500 million Brazil investment agreement for new plants

BRASILIA, Brazil - Taiwan's Foxconn Technologies Group will sign a memorandum of understanding with Brazil's Sao Paulo state government to invest $500 million for new factories in Latin America's biggest nation. That's according to a Wednesday statement...

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Canadian dollar makes slight gain despite weaker crude oil price

An American dollar bill and Canadian coins, are seen on Nov. 8 2007 in Quebec City. THE CANADIAN PRESS/Jacques Boissinot TORONTO - The Canadian dollar nudged slightly higher on Wednesday as oil prices hit a six-week low, and traders...

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CAW continues round-the-clock talks with GM, Chrysler says it's 'optimistic'

Ken Lewenza, president of the Canadian Auto Workers (CAW), speaks during a news conference in Toronto on Monday, Sept. 17, 2012 in which he announced a tentative deal with Ford. THE CANADIAN PRESS/Chris Young General Motors and Chrysler...

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Centerra shares up on approval for resumption of operations at Boroo mine

TORONTO - Shares of Centerra Gold Inc. (TSX:CG) gained more than 15 per cent Wednesday after the company said its Boroo mine in Mongolia has received the needed regulatory approvals to resume heap leach operations. The company said it expects to resume...

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Not enough research to estimate environmental cost of Northern Gateway: lawyer

EDMONTON - An aboriginal lawyer says Enbridge hasn't done enough research to properly estimate the environmental cost of its proposed $6-billion Northern Gateway pipeline. Brenda Gartner, who represents several First Nations along the B.C coast, is...

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Morningstar introduces 'Gamma': additional retirement income from sound financial planning

CHICAGO - Morningstar Inc. released research Wednesday that it says shows that efficient financial planning techniques can boost a retiree's annual income by roughly 2 per cent. The investment research company refers to the extra income an investor...

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Toronto stock market up slightly in tight trading as oil prices decline

A man walks past a building in Toronto that used to house the Toronto Stock Exchange on August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim TORONTO - The Toronto stock market traded in a tight range on Wednesday as oil prices tumbled,...

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US home sales jump to highest level in more than 2 years, builders start work on more homes

This Tuesday, Aug. 21, 2012, photo, shows an exterior view of a home sold in Palo Alto, Calif. U.S. sales of previously occupied homes jumped in August to the highest level in more than two years, adding momentum to the housing recovery. The National...

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Japanese company agrees to plead guilty, pay $2.3M criminal fine in freight forwarding probe

WASHINGTON - The Justice Department says a Japanese company is the latest to agree to plead guilty in a probe of price-fixing in the freight forwarding industry. Yamato Global Logistics Japan Co. Ltd. also has agreed to pay a $2.3 million criminal...

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Oil near US$92 a barrel on profit-taking, economic worries, high inventories

A pump jack dwarfs a house being northwest of Calgary, in this Sept. 28, 2004 photo. THE CANADIAN PRESS/Jeff McIntosh Oil prices fell on Wednesday for the third day in a row as traders realized that a recent run-up to US$100 may have...

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Proposed AEG sale makes LA sports' future hazy on cusp of possible NFL return

FILE - In this Feb. 1, 2011, file photo, Paul Patsis, president of Market Management for Farmers Insurance, center, poses with Los Angeles Kings cheerleaders during a ceremony naming a new proposed NFL football stadium in Los Angeles, that would...

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Advisory firm says companies may be taking wrong approach to hiring top talent

OTTAWA - A new report suggests Canadian firms are having trouble attracting skilled employees, and it may be because they are not attuned to what top talent wants. Towers Watson says nearly two-thirds of the Canadian companies participating in an international...

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Opposition NDP tables motion calling on PM to join premiers at economic summit

OTTAWA - The Opposition NDP is accusing the federal Conservatives of endangering the fragile economic recovery, and calling on the prime minister to meet with the premiers in an economic forum in November. In a fiery speech to his caucus, NDP Leader...