Nigerian state-run oil firm insolvent
Nigeria's state-run oil company is "insolvent" and needs $6.6 billion to cover its debts and fund future oil exploration in the West African nation, a government minister said Tuesday. cbc.ca |
Westpac to pay for bounced cheques
THE High Court orders Westpac to pay a former real estate agent $50,000 in for defamation for mistakenly dishonouring his cheques. news.com.au |
Intel cuts sales forecast
Intel, the big American maker of computer chips, cut its sales forecast for the three months ending in September. cbc.ca |
Retail sales drop unexpectedly
Canadian retail sales declined slightly in July, dropping 0.1 per cent from June's level to $35.9 billion during the month. cbc.ca |
Long-term jobless rise to nearly 1 in 5
THE proportion of unemployed out of work for a year or more has risen to nearly one in five, its highest for over four years, new figures show. news.com.au |