The Bank of Canada should be viewed as a last line of defense for dealing with threats to Canada’s financial stability such as growing levels of household debt, Gov.Stephen Poloz said.
A spate of troubled sponsorship deals in Europe is causing headaches for some of the world’s top soccer clubs.
The rally this week lifted raw-material prices, mining-company shares and the currencies of developing nations, but the broader picture for emerging markets remains uncertain.
Malaysia’s central bank said it recommended criminal proceedings against state investment fund 1Malaysia Development for allegedly breaking foreign-exchange rules but that the attorney general had declined to act.
Shares of Tesla stumbled nearly 11% this week, booking their worst weekly percentage drop in over a year, after several Wall Street analysts signaled concerns about the stock.
The latest Federal Reserve minutes showed worries over the low level of inflation were the main reason policy makers stood pat on rates. If they were worried then, they may be more worried now.
If Dell does move to buy EMC, it will have to sell a huge debt issue. While that may be possible, a deal would zig while others are zagging.
Ferrari NV filed papers for its long-anticipated initial public offering, setting a price range for the shares that could value the luxury auto maker at nearly $10 billion.
A bankruptcy judge largely rejected a ‘double-dip’ bid by a former Lehman Brothers bond trader for an $83 million bonus.
Marketplace lenders like Lending Club and On Deck are growing fast—and expensively.