Breaking News »
The Markets »
TSX 11280.64 (-50.040)
Nasdaq 2817.63 (38.840)Dow 12477.04 (34.550)CAD/USD 0.9785 (0.000)
World Business News
Rebels take Ivory Coast capital: report
CBJ – March 30 – Rebels supporting Ivory Coast's president-elect Alassane Ouattara have taken the national capital of Yamoussoukro, the BBC is reporting. The rebels have made their way from the rural north and are also within 100 kilometres of a major cocoa export hub, ...Japan decommissioning four reactors damaged in quake
CBJ – March 30 – Four reactors at a Japanese nuclear power plant damaged by a magnitude-9.0 earthquake earlier this month, the BBC is reporting. Tokyo Electric Power said it would scrap the four reactors at the Fukushima Dai-ichi Nuclear Power Station in northern Japan. ...India, Africa set trade goal of US$75 billion by 2015
CBJ – March 29 – India and Africa want their trade to total US$75 billion by 2015, according to India's Economic Times. At the CII-EXIM Bank conclave on India-Africa Project Partnership in New Delhi today, some 650 delegates representing business in Africa and India hammered ...Saudi Arabia stepping up oil rig count by 30%
CBJ – March 29 – The world's largest oil exporter is increasing its oil rig total by 30 per cent in a bid to rapidly expand production, Reuters is reporting. Saudi Arabia's state-owned oil company, Saudi Aramco, met with a number of oil service companies, ...Buyers not interested in Libyan rebels' oil: report
CBJ – March 28 – Shipping risks and concerns over sanctions and legal issues are keeping big buyers away from Libyan rebels' crude oil, Reuters is reporting. Victories in the form of recognition by the international community haven't made purchasing legally murky oil from rebels ...
EU drafting new plan to keep Irish banks running
CBJ – March 28 – The European Union is putting together an emergency lending plan to keep Ireland's banks above water in times of crisis, the Wall Street Journal is reporting. The EU's European Central Bank will create a facility to succeed the current Emergency ...As many as 1 million Ivorians displaced: UN
TABJ – March 25 – Some 700,000 to 1 million people have fled Abidjan, the largest city and economic hub of Ivory Coast, according to the office of the United Nations High Commissioner for Refugees. The UNHCR said today that bloody battles stemming from last ...China taxing rare earths as of April 1
CBJ – March 25 – China is slapping a resource tax on rare earth minerals as of April 1, China's state-owned news agency Xinhua is reporting. The tax would come out to 60 yuan per tonne of light rare earths – about US$9.10 – and ...Portugal bailout could reach US$99 billion
CBJ – March 24 – Bailing out Portugal could take as much as €70 billion – US$99 billion – Bloomberg is reporting. While Portugal hasn't yet asked for a bailout, two unnamed sources told the news agency the financial rescue package would total between €50 ...Britain squeezes oil firms to pay for 2011 budget
CBJ – March 24 – Oil firms in the North Sea have been slapped with a £2 billion tax hike to balance the books on the United Kingdom's 2011 budget, released yesterday. U.K. Chancellor of the Exchequer George Osborne also unveiled a one-pence-per-litre reduction in ...
Production of the penny ends this year and it's gradually being phased out of public circulation. Is the government doing the right thing?
