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TSX edges up as Fed talk buoys golds, drags banks

The country's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the U.S. Federal Reserve will keep its easy money policy in place for now was...
John Tilak, Reuters
Posted on 5-22-2013 at 6:29 PM

HP profit down 32 percent, shares up as results beat estimates

Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook after earnings per share beat forecasts, sending...
Poornima Gupta, Reuters
Posted on 5-22-2013 at 5:33 PM
Tags: Hewlett-Packard (HP), Dell

Italy readies youth jobs plan as government struggles

Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday began preparing a plan to address one of the main causes of public anger -- soaring unemployment...
Steve Scherer, Reuters
Posted on 5-22-2013 at 2:39 PM
Tags: Italy

Zoocasa real-estate brokerage reduces commissions

Zoocasa, an online service for home seekers, is aiming to win market share with rebates to buyers and sellers that will refund roughly 15 percent of the commission they pay their real estate agents.
Tara Perkins, The Globe & Mail
Posted on 5-22-2013 at 2:20 PM
Tags: Rogers Communications, Real Estate

As U.S. economy strengthens, a bonds sell-off may beckon

The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.
Ellen Freilich, Reuters
Posted on 5-22-2013 at 2:14 PM
Tags: Goldman Sachs, Federal Reserve

Fed wants more progress before bond tapering

Many Federal Reserve officials earlier this month wanted to see more evidence that the U.S. economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on...
Alister Bull and Pedro da Costa, Reuters
Posted on 5-22-2013 at 2:11 PM
Tags: Federal Reserve

Manipulation probe draws attention to oil firms' trading desks

Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall...
Dmitry Zhdannikov and Claire Milhench, Reuters
Posted on 5-22-2013 at 2:05 PM
Tags: Libor, BP, Royal Dutch Shell

Ottawa’s mortgage rules to hurt economy: Report

Ottawa's last attempt to apply the brakes to the country's booming real estate market will have a dramatic negative impact in the coming years, according to a report from the Canadian Association of...
Brady Yauch, BNN.ca
Posted on 5-22-2013 at 11:33 AM
Tags: Real Estate

U.S. existing home sales highest in almost 3-1/2 years

U.S. home resales rose in April to the highest level in nearly 3-1/2 years, which should support the housing sector and the overall economic recovery.
Lucia Mutikani, Reuters
Posted on 5-22-2013 at 10:55 AM
Tags: Real Estate, U.S. Real Estate

Bernanke offers no hint of pullback in Fed stimulus

The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke...
Pedro da Costa and Alister Bull, Reuters
Posted on 5-22-2013 at 10:10 AM
Tags: Federal Reserve , Ben Bernanke
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