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CALGARY, Alberta (Reuters) - Canada's embattled energy trust sector is searching for salvation in grim times, hoping that consolidation will allow it to cope with pending tax changes and a bear market for energy trust units. The trusts have been batt...

XL Capital's president and chief executive officer Brian O'Hara is due to present at the Goldman Sachs Financial Services CEO Conference at the Pierre Hotel in New York City, tomorrow. A replay webcast of Mr. O'Hara's presentation will be available a...

The indictment of plaintiffs attorney Richard "Dickie" Scruggs last week isn't the only new twist facing Gulf Coast homeowners in their battle with insurers over Hurricane Katrina claims. Thanks in large part to a series of rulings, the legal landsca...

LONDON (Bloomberg) — Golden Ocean Group, a commodities shipping line led by Norwegian billionaire John Fredriksen, plans to sell $200 million of bonds that can be converted into shares. The unsecured bonds are expected to pay 3.125 percent to 3.625 p...

NEW YORK (AP) — With little more than two weeks left until Christmas, US retailers who have seen sales drop off since the holiday shopping season's strong start are feeling the pressure of the final stretch. Based on early reports, the past weekend w...

A big jump in the daily charter rats for tankers has been reported by the head of Bermuda-registered Nordic Atlantic Tankers. The spot tanker price was just $17,000 a day in October but is now $68,000. However, it will take some time for Nordic to se...

Aspen Insurance has been given a strong endorsement for this year and 2008 by the AM Best rating agency. It is likely to see retained earnings of above $150 million for both this year and next, according to the agency, and that together with its bala...

NEW YORK (AP) — After two winning weeks on Wall Street, investors find out tomorrow if their wish for an interest rate cut — the driver behind the rally — will be granted. Federal Reserve officials in recent weeks have indicated a willingness to cut ...

It's remarkably easy to let your budget and your blood pressure go woefully out of control during the holidays. Just peruse this list: cards, gifts, goodies, stamps, travel, parties, tips, champagne, cookies, neighbours, the mailman, wrapping paper, ...

Sovereign wealth funds rule the world: Is this the largest change in financial influence in our lifetime? According to an excellent article in The Sunday Times (October 28) by Ben Laurance and Louise Armitstead, the power of sovereign funds is rising...