Oil Retreats on Weaker Demand
Oil for August delivery closed in New York today at $69.14 a barrel amid weaker demand and profit-taking. More
Canadian Dollar Hit by Oil Prices
Oil dipped below the $70 a barrel mark today pulling the Canadian dollar down as well. The “loonie” as the dollar is known, fell to C$1.1497 per US dollar at 1:00 PM in Toronto today, down from yesterday’s close of C$1.1352. More
FSA to Receive Greater Powers
A new banking act put forward by British Finance Minister Alistair Darling, will give the Financial Services Authority (FSA) greater control in regulating banks and the British banking system. More
