Yahoo! Canada Finance: Finance News

Volkswagen Brazil to invest $3.5 bln

AFP - SAO PAULO, Brazil (AFP) - Volkswagen's Brazilian affiliate is to spend some 3.5 billion dollars over the next 15 years for capital improvements and the development of new auto products.

Oil prices slump under $75 after Dubai shock

AFP - LONDON (AFP) - Oil prices fell sharply on Friday, mirroring events on stock markets across Asia, where investors were spooked by a shock call from the Dubai government to suspend the debt of a...

Asian stocks tumble amid Dubai debt fears; Europe also opens lower

The Canadian Press - HONG KONG - Asian stock markets tumbled Friday, with Hong Kong and South Korea down nearly 5 per cent, as fears mounted over the fallout from Dubai's massive debt problems....

Oil down to near $74 a barrel as Dubai woes roil oversears stock markets.

The Canadian Press - BANGKOK, Thailand - Oil prices slid to near US$74 a barrel Friday in Asia as investors curtailed their risky bets on commodities amid uncertainty about the global fallout...

Stock futures signal sharp drop on Dubai jitters

Reuters - PARIS (Reuters) - U.S. stock index futures pointed to a sharp drop when Wall Street reopens on Friday for half a session following Thanksgiving, as fears over Dubai's debt woes knocked...

Shares tumble, yen surges on Dubai fears

Reuters - LONDON (Reuters) - Fears about a global contagion from Dubai's debt crisis triggered a broad sell-off of world shares, oil and other assets on Friday, fuelling flows into the low-yielding...

World stocks drop in second day of Dubai shock

AFP - LONDON (AFP) - Global stock markets dropped for a second day running on Friday over investor alarm about the potential for a widespread default after Dubai's shock demand to suspend the debt...

European stocks extend losses on Dubai shock

AFP - LONDON (AFP) - Europe's main stock markets dropped by more than one percent in early trading on Friday, building on sharp losses suffered a day earlier caused by worries about the threat of a...

Thyssenkrupp announces job losses in coming year

AFP - BERLIN (AFP) - German steelmaker Thyssenkrupp is set to reduce its workforce worldwide by about 20,000 in the coming fiscal year, its CEO said Friday, as the firm battles with record losses...

Oil falls below $74 amid Dubai debt default fears

Reuters - LONDON (Reuters) - Oil prices sank to a six-week low below $73 a barrel on Friday as fears of debt default in Dubai convulsed financial markets and the dollar rose as investors moved...