Economy

Downgrade will severely impact Morgan Stanley

Morgan Stanley says it will need an extra $7.2 billion of securities and other collateral if it's downgraded by Standard & Poor's and Moody's.

By Staff |May 8, 2012

1 min read

Elections shake up EU economic plans

The dream of a closely integrated European economy appears to be fading. Over the weekend, voters in France and Greece booted out the leaders who have struggled to contain the European sovereign debt crisis and end the Eurozone recession.

By Staff |May 7, 2012

2 min read

U.S. jobless rate falls despite weak April

The U.S. Labour Department says that the American economy created only 115,000 jobs during April but that was enough to push the unemployment rate to a three-year low.

By Staff, with files from The Canadian Press |May 4, 2012

2 min read

U.S. jobless claims drop sharply

The number of Americans seeking unemployment benefits fell last week by the most in nearly a year. The figure was a hopeful sign one day before the government releases the April jobs report.

By Wire services |May 3, 2012

2 min read