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World shares slump on U.S. stimulus, growth fears

World stocks fell and measures of investor risk aversion surged on Thursday on signs the U.S. central bank may soon start scaling back the support measures that have been driving global...
Andy Bruce and Steven C. Johnson, Reuters
Posted on 5-23-2013 at 9:58 AM

Low rates help keep home affordability stable: report

Low mortgage rates helped make owning a house largely affordable in the first quarter of 2013 and the risk of a sharp upturn in rates remains low, RBC Economics says in a new report.
Bertrand Marotte, The Globe and Mail
Posted on 5-23-2013 at 9:18 AM

Marathon Oil says no deal reached for sale of oil sands stake

Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project had ended without a deal.
Reuters
Posted on 5-23-2013 at 9:04 AM

Mobilicity tweaks Telus deal terms ahead of vote

Mobilicity has tweaked certain terms of its $380-million acquisition plan with Telus Corp. just hours before the wireless upstart’s bond holders were due to vote on the deal on Thursday.
Rita Trichur, The Globe and Mail
Posted on 5-23-2013 at 8:59 AM

U.S. jobless claims drop more than expected last week

The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labour market despite belt-tightening by Washington.
Lucia Mutikani, Reuters
Posted on 5-23-2013 at 8:45 AM

UK regulator fines JPMorgan $4.6M

Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds ($4.6 million US) for being unable to show it was...
Huw Jones, Reuters
Posted on 5-23-2013 at 8:36 AM

Signs of weakness mar UK economic growth

Britain's better-than-expected economic growth in the first quarter turns out to have been boosted by a rise in inventories, while consumer spending was weak and investment fell, raising...
Olesya Dmitracova and William Schomberg, Reuters
Posted on 5-23-2013 at 8:31 AM

ECB seeks new tools while Fed toys with exit

The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting...
Leigh Thomas and Jason Lange, Reuters
Posted on 5-23-2013 at 8:21 AM