Yahoo! Canada Finance: Finance News

Flaherty dismisses British call for financial transactions tax

The Canadian Press - ST ANDREWS, Scotland - Finance Minister Jim Flaherty has dismissed the idea of imposing tax on financial transactions to guard against another crisis in the banking sector.

G20 pledges to maintain emergency support until recovery is assured

The Canadian Press - ST. ANDREWS, Scotland - Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured, but...

Nobel laureate brings Bangladesh business model to Europe

AFP - WOLFSBURG, Germany (AFP) - Nobel peace laureate Muhammad Yunus brought ideas for creating micro "social businesses" from Bangladesh to Europe Saturday with support from several of the world's...

Cyprus opens new airport to attract tourism, trade

AFP - LARNACA, Cyprus (AFP) - Cyprus opened an ultra-modern airport on Saturday that it hopes will boost flagging tourism and boost prospects of it becoming a regional transport hub.

Staff at struggling German retail giant agree to tighten belts

AFP - BERLIN (AFP) - Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch...

Canada's Talisman strikes oil in Peru

Reuters - LIMA (Reuters) - Canada's Talisman Energy Inc has found light crude in an exploration bloc in northern Peru, President Alan Garcia said on Saturday, days after he announced a large natural...

Wall Street rally gets second wind

AFP - NEW YORK (AFP) - Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the...

Flaherty says transaction tax unattractive

Reuters - ST ANDREWS, Scotland (Reuters) - Proposals for a tax on financial transactions to fund the cost of future bank bailouts are unattractive, Finance Minister Jim Flaherty said on Saturday.

UK gives impetus to global banks tax

Reuters - ST ANDREWS, Scotland (Reuters) - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was...

G20 agrees timetable for monitoring economic policy

AFP - ST ANDREWS, Scotland (AFP) - The world's biggest economies have agreed a timetable on mutual monitoring of each other's economic policy aimed at preventing a fresh financial crisis, a G20...