BP allowed to keep cap closed for another day
Testing on the containment cap placed on top of a blown-out oil well in the Gulf of Mexico can continue for the next 24 hours, a U.S. official says. cbc.ca |
Ukraine mulls wheat export ban
A day after Russia banned wheat exports because of a drought-ravaged crop, neighbouring Ukraine considered a similar move Wednesday. cbc.ca |
Bernanke says too-big-to-fail no option
The U.S. Federal Reserve chairman says regulators must be prepared in future to shut down big banks if their collapse threatens the broader financial system. cbc.ca |
Banks push share market higher
THE Australian share market clawed back most of its early losses to close marginally lower after stronger banking stocks capped falls in the mining sector. news.com.au |
Ten welcomes Packer's share raid
TEN Network Holdings Ltd says it welcomes the interest of its new major shareholder, James Packer, but won't say if the billionaire has requested a seat on the broadcaster's board. news.com.au |