OTTAWA (Reuters) – The Bank of Canada should raise interest rates now because five years of low rates are creating distortions in the economy, such as excessive debt and an overheated housing market, a former adviser to central bank Governor Mark Carney said on Wednesday. Read More
WUHAN, China, May 14, 2013 /PRNewswire-FirstCall/ – China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2013. Read More
TSX drops as China data fuels resources dip
TORONTO (Reuters) – Canada’s main stock index declined on Monday after sluggish Chinese economic data hurt commodity prices and dampened enthusiasm for shares of materials and energy companies. China’s factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that the recovery is stalling.
Barclays wins dismissal of U.S. shareholder lawsuit over Libor Read More
As much as we want to avoid payday lending, when there is a need to, we can always visit earlypayday to consider our alternatives before what is planning to happen.
By Patrick Temple-West and Kim Dixon
WASHINGTON (Reuters) – A senior Republican senator condemned the Internal Revenue Service on Saturday for singling out conservative political groups for extra scrutiny, while the IRS described the incident as isolated and not politically motivated. Read More