(Reuters) – The U.S. trade deficit widened more than expected in March as imports surged to a record high, in another sign the government may have to scale back its estimate of first-quarter economic growth. … continue…
Cisco shares drop on tech spending worries
(Reuters) – Shares of Cisco Systems Inc (CSCO.O) slid more than 9 percent in early trading after the network equipment maker’s disappointing outlook exacerbated worries about government spending in the United States and Europe. Cisco’s … continue…
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SAS was the world’s most punctual airline in April
Scandinavian Airlines was once again the world’s most punctual airline, this time for the month of April. SAS was the only major airline worldwide to achieve a punctuality higher than 90% last month, with the … continue…
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ECB holds rates; calls for action
European Central Bank President Mario Draghi urged euro zone governments to agree a growth strategy to go hand in hand with fiscal discipline, but as thousands of Spaniards protested in the streets he gave no … continue…
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Wall Street Week Ahead: All eyes on European elections
After Wall Street ended its worst week of the year on Friday, U.S. stock investors will look across the Atlantic next week to take their cue from Europe as France and Greece go to the … continue…
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Loonie hits $1.02 US
The Canadian dollar climbed above the $1.02 US level for the first time in seven months on Friday as the currency continued to rally following the Bank of Canada’s recent shift to a more hawkish … continue…
IRA suspected after British army defuses van bomb
British army experts defused a 275-kilogram van bomb Saturday on the Northern Ireland border, the largest such bomb in more than a year linked to Irish Republican Army die-hards. The bomb was defused two days … continue…
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Syria accuses UN chief Ban Ki-moon of bias
Syria derided UN chief Ban Ki-moon as biased and called his comments “outrageous” Saturday after he blamed the regime for widespread cease-fire violations — the latest sign of trouble for an international peace plan many … continue…
City surplus expected to double
Toronto’s red hot real-estate market has helped deliver an unexpected boost to the city’s bottom line. The city will officially announce its year-end fiscals on Monday and it’s expected the surplus will be about $290 … continue…
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