Canada curbs lending to check housing boom
Canada tightened mortgage lending rules with the aim of damping a housing boom fuelled by low interest rates and fast-rising consumer debt
2010. February 16. 18:21
Price of oil jumps on weak dollar [BBC NEWS] Febr. 16. The price of oil rises by more than $3 a barrel - its biggest daily jump in more than four months - as the dollar weakens. Underemployed 'improve' jobs data [BBC NEWS] Febr. 16. There has been an increase in the number of UK workers having to settle for part-time employment, the TUC warns. Barclays [FT.com] Febr. 16. The UK bank reported record revenue of 31bn and a more than threefold leap in underlying full-year profits to 5.6bn Regulator backs EU-wide bonus rules [FT.com] Febr. 16. Michel Barnier, EU internal market commissioner, sets control of financial institutions including remuneration policies as a key priority in his five-year term Anglo sells Tarmac's Continental businesses [Telegraph.co.uk] Febr. 16. South African-focused mining group Anglo American hit another milestone in its restructuring on Tuesday, as it announced the sale of its European Tarmac operations for $400m (£255m). Eurozone finance ministers give Greece a month to make drasitc budget cuts [Telegraph.co.uk] Febr. 16. European finance ministers told Greece on Tuesday it may need to take further steps to bring a swollen debt under control and calm"irrational" financial markets, as wage cuts already ann... Greece told to make further cuts [BBC NEWS] Febr. 16. Greece is warned by European finance ministers that it must make further spending cuts or face more sanctions. Hewitt on Europe [BBC NEWS] Febr. 16. What does Greek crisis say about euro weaknesses? RBS sells European commodities businesses to JP Morgan in $1.7bn deal [Telegraph.co.uk] Febr. 16. Royal Bank of Scotland's commodities joint-venture RBS Sempra has sold its metals, oil and European energy businesses to investment bank JP Morgan for $1.7bn (£800m). Record drop in demand for US debt [BBC NEWS] Febr. 16. Foreign demand for US Treasury bonds and notes falls by a record amount in December as China reduced its holdings. Total workers storm French office [BBC NEWS] Febr. 16. Workers stage a sit-in protest at oil group Total's offices in Northern France in protest at the site's possible closure. Record fine for insider trading [BBC NEWS] Febr. 16. The City watchdog, the Financial Services Authority, issues the largest fine in its history against an individual for insider trading.
