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Topics News & Markets Survey shows German business confidence rising for 4th month in a row By The Associated Press | February 23, 2012 BERLIN - A closely watched survey shows that German business confidence has risen for the fourth consecutive month, as Europe's biggest economy continues to outperform much of the rest of the debt-hobbled continent. The Ifo institute said Thursday its confidence index was up to 109.6...

Topics News & Markets Royal Bank of Scotland full-year loss up 78 pct; bank takes hit on Greek debt By The Associated Press | February 23, 2012 LONDON - Royal Bank of Scotland, which is majority-owned by British taxpayers, saw its loss in 2011 swell by 78 per cent as it booked large provisions for Greek debt and compensation for buyers of payment protection insurance. The bank, in which the government holds an 82 per cent...

Topics News & Markets Deutsche Telekom Q4 loss more than doubles to $1.8 billion on writedowns in US, Greece By David McHugh, The Associated Press | February 23, 2012 FRANKFURT - Writeoffs for the fallen value of its US and Greek businesses pushed telecommunications company Deutsche Telekom to a loss of €1.34 billion ($1.77 billion) in the fourth quarter. That more than doubled losses of €514 million in the same quarter a year ago. Revenues fell 3...

World stock markets rise as investors fears recede over Greek debt dealA money dealer reacts at a foreign exchange brokerage as the U.S. dollar is traded at 80.13 -18 yen range in Tokyo Thursday, Feb. 23, 2012. Asian stock markets were mostly lower Thursday as investors fretted over the details of a deal to save Greece from financial collapse and preserve its place among nations that use the euro. But Japan's 225 Nikkei added 41.57 points to 9,595.57 as the dollar traded near a seven-month high against the yen. (AP Photo/Koji Sasahara)

Topics News & Markets World stock markets rise as investors fears recede over Greek debt deal By Pamela Sampson, The Associated Press | February 23, 2012 BANGKOK - World stock markets rose Thursday as fears receded over the viability of a deal reached by European leaders to save Greece from financial collapse and preserve its place among nations that use the euro. Benchmark oil fell to near $106 per barrel while the dollar fell against...

EU committee to decide whether to consider Canada's oilsands crude 'dirty oil'A Suncor oilsands mine facility seen from the air near Fort McMurray, Alta., Monday, Sept. 19, 2011. A European Union committee is set to vote Thursday on controversial new fuel quality guidelines that have prompted criticism and concern from supporters of Canada's oilsands. THE CANADIAN PRESS/Jeff McIntosh

Topics News & Markets EU committee to decide whether to consider Canada's oilsands crude 'dirty oil' By The Canadian Press | February 23, 2012 A European Union committee is set to vote today on controversial new fuel quality guidelines that have prompted criticism and concern from supporters of Canada's oilsands. The EU's proposed new Fuel Quality Directive, which aims to curb emissions from transport fuels by 10 per cent...

Topics News & Markets Canadians take on less debt, non-mortgage credit slows to lowest rate in 7 yrs By Julian Beltrame, The Canadian Press | February 23, 2012 OTTAWA - A new analysis suggests Canadians are becoming more hesitant to take on debt, despite typical holiday season largesse at the end of 2011. The latest report of non-mortgage debt trends in Canada by the TransUnion credit reporting firm shows average credit floated up 1.4 per...

Mazda stock dives nearly 7 per cent after announcing plan to raise $2 billion from share saleA man glances at an electronic stock board indicating the share price of Japanese car maker Mazda that lost 10 yen to 137 in Tokyo Thursday, Feb. 23, 2012. Mazda stock dived nearly 7 percent Thursday after the struggling car maker said it will raise about $2 billion from selling new shares to invest in assembly plants and developing new vehicle technologies. (AP Photo/Koji Sasahara)

Topics News & Markets Mazda stock dives nearly 7 per cent after announcing plan to raise $2 billion from share sale By The Associated Press | February 23, 2012 TOKYO - Mazda stock dived nearly 7 per cent Thursday after the struggling car maker said it will raise about $2 billion from selling new shares to invest in assembly plants and developing new vehicle technologies. The Japanese company, which makes the Miata sports car, said in a...

Topics News & Markets Labor official says more holidays will make Philippines less competitive By The Associated Press | February 23, 2012 MANILA, Philippines - Increasing the number of holidays in the Philippines would make the country less competitive than its Southeast Asian neighbours and may turn away much-needed foreign investment, a top labour official said Thursday. Labour Secretary Rosalinda Baldoz said she...

Topics News & Markets China says hopes talks can resolve dispute after South Sudan expels oil company boss By The Associated Press | February 23, 2012 BEIJING, China - China said Thursday it hopes talks will remove any misunderstanding with South Sudan after the Chinese head of the largest foreign oil company in the country was kicked out over allegations he conspired with neighbouring Sudan to steal the south's oil. Foreign...

Topics News & Markets Oil falls to near US$106 in Asia as report shows US crude supplies grew more than expected By Alex Kennedy, The Associated Press | February 23, 2012 SINGAPORE - (TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE) Oil slid from a nine-month high to near US$106 a barrel Thursday in Asia after a report showed U.S. crude supplies grew more than...