Toronto mayor to unveil new Will Alsop building August 8 2007 at 4:13 AM EDT Toronto will continue to try to wrest back its title as media-production centre of Canada today when Mayor David Miller announces details of the next phase in the development of North America's largest studio and media-facilities cluster outside Los Angeles. With seven sound stages already under construction the project will eventually bring 550 000 square feet of production offices and sound ...

Sub prime loan crises may affect some Chinese banks
The latest US sub prime loan crises didn't render Chinese banks safe. A US report said Chinese financial institutions had bought US$107.5 billion worth of US mortgage securities by the end of June last year accounting for 47.6 percent of similar investments amongst Asian countries.