Top Story

Mon 3:53 pm

Wall Street extends rout on growing Greek default fears

Wall Street stretched its losses in heavy trading today after a collapse in Greek bailout talks raised fears that the country could be the first to exit the euro zone. The S&P 500 (INDEXSP:.INX) skidded 2 percent to 2,058.63 at 3:45 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) slipped 1.9 percent to 17,607.26, the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) fell 2.4 percent to 4,959.09.

Breaking News

Monday, June 29, 3:54 pm

ARIPO approves Sirona Biochem's patents for diabetes and skin whitening applications

Shares of Sirona Biochem Corp. (CVE SBM) (FWB: ZSB) were trading 3.1% higher this afternoon after the Canadian developer of drugs for diabetes and cosmetics industry supplier said that its subs...

International

Mon 6:30 pm

Vital Metals slashes capital costs at Watershed Tungsten Project

The reduction in forecast pre-production capital expenditure to A$143 million should galvanise project financiers for the critical technology metal Watershed Tungsten project in North Queensland.

Articles

  • Eldorado Gold defies the Greek credit crisis

    Eldorado Gold is Greece’s largest foreign investor and it has been targeted by Greek and EU authorities

  • Ballard Power Systems to buy Protonex

    Vancouver-based Ballard noted it would pay for Protonex by issuing 11.2 million shares to raise about US$25.6 million. The deal includes Protonex's US$4.4 million debt obligations.

  • TSX sinks 2% as Greece debt crisis deteriorates

    Canadian shares tumbled around 2 percent today after Greece closed its banks amid fears that the country was headed toward default. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 2 percent to 14,519.29 at 12:52 p.m. in Toronto. Sixteen shares tumbled for every issue that gained as all of the ten main share groups were in the negative territory.

  • U.S. stock futures tumble as Greek debt crisis deteriorates

    U.S. stock-index futures dropped 1 percent today on growing concern that Greece will leave the euro region after bailout talks with lenders broke down over the weekend. Futures for Dow Jones Industrial Average tumbled 1 percent to 17,700, while those for the S&P 500 dropped 1 percent to 2,074.50. Nasdaq-100 futures were pushed 1.2 percent lower to 4,425.25.

  • PotashCorp wants to take over Germany's K + S fertilizer group

    PotashCorp "informed K + S’s management and board of its intention to acquire all its shares through a public offering, subject to certain conditions including an audit of its accounts," according to a statement released Thursday evening

  • Sunridge to obtain license for the Asmara Project as part of a comprehensive 20 year mining agreement

    Sunridge expects to secure the mining license shortly such that AMSC will be able to raise the capital to develop the mining and shipping of the high-grade copper direct shipping ore on the Debarwa deposit during Phase 1A of the project

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