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According to a recent survey, advisers have expressed more optimism about stock markets in the US than in Canada , while showing and more concerned over a major downturn in the Chinese market than in the eurozone. The insurer and wealth management firm, which is based in Toronto, found that 78% of nearly 500 advisers surveyed expressed...

Italian and Spanish shares have dropped sharply with fears that the EU summit taking place this week will fail to create a deal to save the euro. The shares’ main indexes finished down by around 4 percent as Spain’s prime minister urged summit leaders to "dispel doubts" over the single currency. The US stock market was...

Billabong shares have dropped nearly half in price as trading continued this morning. This arrives after the group announced last Thursday that it would attempt elicit $225 million from investors. The surfwear retailer's share dropped to an all-time low of 94 cents as the trading stop was lifted today right before 11am. Billabong shares...

Wall Street shares finished with a 2 percent drop after manufacturing figures in Europe, China and the US indicated a weakening global economy. Prices for petroleum were also affected, with Brent crude oil and US light crude both down by over 3.5 percent. The sad economic news came after a downgrade of American economic growth forecasts...

For the second time in two months, Procter and Gamble (P&G), which manufactures Duracell batteries and Pampers nappies, has slashed its sales and profits predictions. The globe’s largest maker of household products has predicted sales to be 3 percent higher than in 2011 during the three months until the end of June, instead than 5...

EU stock markets went up on Tuesday afternoon, propped up by falling UK inflation, hopes of central bank stimulus packages and positive company outcomes. The German Dax index went up 1.8 percent to 6363.4, while the French the Cac 40 index increased by 1.7 percent to 3117.9. Rising over 2 percent was the FTSE 100, which ended up by 1.7...

Markets in Asia have gone up after pro-bailout parties in Greece gained power following the Sunday elections. The New Democracy party, which finished first, has supported the two bailouts of the country by the International Monetary Fund (IMF) and the European Union (EU). Previously, there had been worries that if the anti-bailout Syriza...

Manchester United football club has announced its tentative plan to move its upcoming stock market flotation from Singapore to the United States. Previously, Manchester United was planning a $1 billion share sale at the Singapore Stock Exchange. If its share listing is moved, this would be the most recent in a series of cancelled or...

By a majority vote of 59.5%, WPP shareholders have rejected the firm’s executive pay report. The report included a £6.8 million deal for CEO Sir Martin Sorrell, and the vote was announced at the marketing agency's yearly meeting in Dublin. However, the vote is not binding. The move comes after several shareholder advisory groups urged...

Following reports that Qantas had chosen the Macquarie Group to protect against any takeover bids, the Australian airline’s shares surged 13 percent on the Australian Securities Exchange to A$1.1. Qantas shares have dropped by over 40 percent during the past year, plunging to a low record of A$0.96, amid a drop in profits last week. The...