Date stringdate 2024-01-01 00:00:00 2024-12-31 00:00:00 | Souce stringclasses 1
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2024-11-30 | Bloomberg | Billionaire Prokhorov Touts Gold as Trump Embraces Foreclosures | Stock markets are down. Europe is gyrating. Cash generates minuscule returns. Commodities, especially gold, can soar or tumble in an instant. In these perplexing times, Bloomberg Markets magazine in its January issue asked 10 billionaires 14 questions covering their views on the global economy, where they see opportuni... | 90,680 |
2024-11-30 | Bloomberg | TMX Falls After Competition Bureau Cites ‘Serious Concerns’ | TMX Group Inc. (X) fell the most in almost three weeks after Canada’s competition watchdog said it has “serious concerns” about the proposed C$3.73 billion ($3.66 billion) takeover of the Toronto Stock Exchange owner. TMX fell 0.7 percent to C$44.43 at 4:29 p.m. Toronto time, the biggest drop since Nov. 10. The shares ... | 90,711 |
2024-05-30 | Bloomberg | CIBC Quarterly Profit Rises 8% on Wealth-Management Gains | Canadian Imperial Bank of Commerce , the country’s fifth-largest lender, posted second-quarter profit that beat analysts’ estimates on gains in investment banking and wealth management. CIBC raised its dividend 2.1 percent. Net income for the period ended April 30 climbed 8 percent to C$876 million ($847 million), or C... | 91,712 |
2024-02-27 | Bloomberg | WTI Oil Rises on Economic Confidence | West Texas Intermediate oil rose in New York as U.S. durable goods and housing data exceeded forecasts, signs an economic rebound may spur fuel demand. Futures climbed 13 cents after data bolstered confidence for growth in the world’s largest crude-consuming country. U.S. oil supplies increased 1.13 million barrels to ... | 91,808 |
2024-02-27 | Bloomberg | Nikko Hiring in Asia as Assets Surge 51% Since Crisis, CIO Says | Nikko Asset Management Co. plans to hire money managers in key markets like China and Southeast Asia at a time of record inflows into emerging markets , boosting headcount as European and U.S. banks contract. The biggest Asia-based fund manager is keen to add specialists in equity, fixed-income and alternative investme... | 92,015 |
2024-02-27 | Bloomberg | HDFC Markets Dollar Bonds as Indonesia, AIA Plan Investor Talks | HDFC Bank Ltd. (HDFCB) , India’s largest lender by market value, is marketing a U.S. dollar-denominated bond as the Republic of Indonesia and AIA Group Ltd. (1299) line up investor meetings. Debt risk in Asia fell. The Mumbai-based company is offering five-year notes at about 255 basis points more than Treasuries, acco... | 92,265 |
2024-04-23 | Bloomberg | Goods Orders Probably Rose in Sign of U.S. Factory Rebound; Housing Trails | Orders for long-lasting goods probably climbed in March for a fourth consecutive month, while sales of new homes increased from a record low, pointing to an uneven U.S. recovery. Bookings for durable goods rose 0.2 percent after a 0.9 percent February gain, according to the median forecast of 75 economists surveyed by... | 92,578 |
2024-06-28 | Bloomberg | Li’s Pacific Century Said in Second Round of AMMB Insurance Bids | AMMB Holdings Bhd. (AMM) , a Malaysian bank, invited four companies including Hong Kong tycoon Richard Li ’s Pacific Century Group to make second-round bids for its life insurance units, two people with knowledge of the matter said. Manulife Financial Corp. (MFC) , Metlife Inc. (MET) and Zurich-based ACE Ltd. (ACE) wer... | 93,303 |
2024-06-28 | Bloomberg | Beattie Joins Relay Ventures; Brookfield Adds Speers, Vlaad Says | Standard Chartered Bank appointed Don Robertson chief executive officer of its Canadian operations, according to Vlaad & Co., a Toronto-based financial services recruiting firm. Other moves noted in the “Bill’s Buzz” weekly newsletter include: * Grafton Asset Management formed a structured products team for oil and gas... | 93,523 |
2024-12-28 | Bloomberg | Indonesia Stocks to Gain 20% in 2012 on Debt Rating Upgrade, Manulife Says | Indonesia’s stocks (JCI) may climb 20 percent next year after posting the third-biggest gains in Asia in 2011 on the prospect of credit-rating upgrades and increased infrastructure spending, said the nation’s third-largest fund. Standard & Poor’s and Moody’s Investors Service may follow Fitch Ratings in upgrading the n... | 93,930 |
2024-04-13 | Bloomberg | Rangers Defeat Senators in Opening Game of NHL Playoff Series | The New York Rangers beat the Ottawa Senators 4-2 in the opening game of their National Hockey League first-round playoff series. The other three games last night went to overtime as the defending champion Boston Bruins defeated the Washington Capitals 1-0, the San Jose Sharks beat the St. Louis Blues 3-2 and the Phoen... | 96,205 |
2024-06-27 | Bloomberg | Maple Group Says Investors They’ve Contacted Support TMX Bid | Maple Group Acquisition Corp. spokesman Luc Bertrand said a “large majority” of TMX Group Inc. (X) investors he’s talked with prefer his firm’s unsolicited takeover bid to an offer from London Stock Exchange Group Plc. (LSE) “We’ve conducted a thorough process to reach out to them, and we remain very confident that th... | 96,807 |
2024-06-27 | Bloomberg | CI’s Holland, Bushell Join Caldwell Endorsing LSE’s TMX Bid | CI Financial Corp. (CIX) Executive Chairman William Holland, whose firm is the largest shareholder of TMX Group Inc. (X) , endorsed London Stock Exchange Group Plc (LSE) ’s C$3.3 billion ($3.35 billion) takeover offer for the Toronto Stock Exchange owner. “After careful review, it is clear to us that the proposed TMX/L... | 96,991 |
2024-10-14 | Bloomberg | Canadian Stocks Fall as U.S. Reports Increase in Jobless Claims | Canadian stocks fell for the first time in four days, led by energy producers, after the U.S. reported an increase in initial jobless claims. Suncor Energy Inc., Canada’s biggest oil and gas producer, retreated 1.7 percent as crude futures slipped after reaching a one-week high yesterday. Barrick Gold Corp., the world’... | 97,389 |
2024-11-07 | Bloomberg | Canada Stocks Fall as Slide in Gold, Oil Overshadows Insurers | Canadian stocks fell, leaving the benchmark index at a two-week low, as commodity stocks slumped on falling oil and gold prices after the European Central Bank unexpectedly cut its benchmark interest rate. Dundee Precious Metals Inc. lost 5.8 percent as gold slid to a three-week low. Penn West Petroleum Ltd. tumbled 8.... | 97,706 |
2024-11-07 | Bloomberg | Brookfield Bets on Wind With $7 Billion Fund | Brookfield Asset Management Inc. (BAM/A) plans to invest in South American wind farms and hydroelectric plants to benefit from a burgeoning middle class after raising $7 billion in the world’s second-biggest infrastructure fund. Canada ’s biggest manager of alternative assets completed fundraising last week for its clo... | 97,868 |
2024-11-07 | Bloomberg | Manulife Posts C$1 Billion Profit on Wealth and Insurance Sales | Manulife Financial Corp. (MFC) , Canada ’s largest life insurer by market value, posted third-quarter profit that beat analysts’ estimates as wealth and insurance product sales increased. Net income was C$1.03 billion ($993 million), or 54 cents a share, compared with a loss of C$227 million, or 14 cents, a year earlie... | 98,053 |
2024-10-14 | Bloomberg | Sun Life Says President Boscia to Retire Next Year, Join Insurer's Board | Sun Life Financial Inc. said President Jon Boscia , considered a possible successor to Chief Executive Officer Donald Stewart , will retire in the first quarter of 2011. Boscia, 58, will join Sun Life’s board of directors, the Toronto-based insurer said today in a statement. The company doesn’t plan to replace him, sai... | 98,700 |
2024-06-20 | Bloomberg | Maple Group Has Growing Shareholder Support, Bertrand Says | Maple Acquisition Corp. has growing support for its C$3.58 billion ($3.65 billion) bid to buy Toronto Stock Exchange owner TMX Group Inc. (X) , said Luc Bertrand , head of the bank-led group. TMX shareholders will probably reject a rival offer from the London Stock Exchange Group Plc (LSE) in a vote set for June 30, Be... | 98,903 |
2024-02-10 | Bloomberg | BCE Sales Beat Analysts' Estimates, Buoyed by Smartphones, iPad Tablets | BCE Inc ., Canada ’s largest phone company, reported fourth-quarter sales that beat analysts’ estimates as the number of customers it signed up to data plans for smartphones like Apple Inc.’s iPhone surged. Sales climbed 0.7 percent to C$4.68 billion ($4.69 billion), the Montreal-based company said today in a statement... | 99,596 |
2024-06-29 | Bloomberg | London Stock Exchange Drops $3.4 Billion Bid for TMX Group | London Stock Exchange Group Plc (LSE) scrapped its bid for TMX Group Inc. (X) after it failed to win shareholder support, opening the door for a competing bid from a group of banks and pension funds trying to keep Canada ’s main stock exchange in local hands. The London and Toronto exchanges said they won’t proceed wit... | 99,922 |
2024-06-29 | Bloomberg | Canadian Inflation Surges to Fastest Since 2003 in May Driven by Gasoline | Canada ’s inflation rate unexpectedly accelerated in May to the fastest since March 2003, sparking the biggest gain in the country’s currency this month as investors increased bets the central bank will raise interest rates. The consumer-price index rose 3.7 percent from a year earlier, Statistics Canada said today in ... | 99,945 |
2024-06-29 | Bloomberg | CI Faces Toronto-Dominion as TMX Investors Prepare for LSE Vote | TMX Group Inc. (X) ’s biggest shareholders are lining up on both sides before a vote tomorrow that will determine whether London Stock Exchange Plc’s takeover offer for the Toronto Stock Exchange operator will succeed. CI Financial Corp.’s William Holland, whose firm is the largest TMX shareholder, said he favors the L... | 100,410 |
2024-09-05 | Bloomberg | Gulf Crudes Weaken Against WTI After Cushing Stockpiles Tumble | Light Louisiana Sweet and other Gulf of Mexico crudes weakened relative to West Texas Intermediate after supplies at WTI’s home in Cushing, Oklahoma , fell and refinery rates increased. The premiums for LLS and Heavy Louisiana Sweet dropped after the Energy Information Administration reported that Cushing stockpiles fe... | 100,607 |
2024-09-05 | Bloomberg | Norbord Jumps After Ainsworth Agrees to Takeover: Toronto Mover | Norbord Inc. (NBD) , a producer of wood sheathing used to build homes, rose the most since March 2012 after rival Ainsworth Lumber Co. agreed to an acquisition by Louisiana-Pacific Corp. (LPX) Norbord rose 10 percent to C$29.98 at the close in Toronto, where the company is based. Louisiana-Pacific agreed to buy Vancou... | 100,649 |
2024-09-05 | Bloomberg | WTI Crude Increases After Stockpiles at Cushing Hub Drop | West Texas Intermediate crude climbed as a government report showed that inventories in Cushing, Oklahoma , the delivery point for the contract, dropped to the lowest level in a year and a half. Futures rose 1.1 percent after the Energy Information Administration said Cushing stockpiles fell 1.83 million barrels to 34.... | 100,664 |
2024-09-05 | Bloomberg | Canadian Women Leaders Top U.S. as RBC Promotes Taylor | Royal Bank of Canada , the nation’s largest lender by assets, extended the country’s lead in appointing women to corporate leadership roles by announcing Kathleen Taylor as its first chairwoman. Women serve as chairman or an equivalent role in at least eight, or 3.5 percent, of the 226 publicly traded Canadian companie... | 100,817 |
2024-10-22 | Bloomberg | RBC Sells U.S. Insurance Unit to Apollo-Linked Entity | Royal Bank of Canada agreed to sell its U.S. life insurance business to an entity with ties to Apollo Global Management LLC for $628.1 million, taking a loss on a purchase the Canadian lender made a decade ago. Royal Bank, Canada’s biggest bank, is exiting the U.S. life and health business by selling Liberty Life Insur... | 100,999 |
2024-07-05 | Bloomberg | TMX Hunt for CBOE Seen After Maple Approval | TMX Group Inc. (X) , owner of the Toronto Stock Exchange, should seek takeovers of global competitors such as CBOE (CBOE) Holdings Inc. after its C$3.73 billion ($3.68 billion) sale to a Canadian investor group cleared its biggest regulatory hurdles, investor Thomas Caldwell said. “You’re effectively the dominant excha... | 102,035 |
2024-06-01 | Bloomberg | Canadian Stocks Fall as Banks Drop on U.S. Job, Factory Reports | Canadian stocks fell the most in nine months, led by financial and energy companies, after private reports showed growth in U.S. employment and manufacturing slowed last month. Canadian Imperial Bank of Commerce, the country’s fifth- largest lender by assets, dropped 3.5 percent after an analyst at Royal Bank of Canada... | 102,724 |
2024-05-31 | Bloomberg | Bank of Canada Keeps 1% Policy Rate Saying Increases to Come ‘Eventually’ | Bank of Canada policy makers kept their key interest rate unchanged today and added language about a potential increase for the first time since September, saying they will raise rates “eventually” as the economy recovers. The target for overnight loans between commercial banks remained 1 percent, where it has been sin... | 102,785 |
2024-06-01 | Bloomberg | RHB Capital Shares Jump as Maybank, CIMB Start Fight to Buy Malaysian Bank | RHB Capital Bhd. (RHBC) surged to a 14-year high after CIMB Group Holdings Bhd. (CIMB) and Malayan Banking Bhd. (MAY) won central bank approval to begin separate merger talks, triggering a battle to potentially create Southeast Asia’s biggest bank. The Kuala Lumpur-based lender jumped 7.4 percent to 9.90 ringgit at the... | 103,086 |
2024-05-31 | Bloomberg | Malaysia’s CIMB, Maybank to Start Competing Merger Talks With RHB Capital | CIMB Group Holdings Bhd. (CIMB) and Malayan Banking Bhd. (MAY) won separate Malaysian central bank approval to begin competing merger talks with RHB Capital Bhd. (RHBC) , triggering a takeover battle that may create Southeast Asia’s biggest bank. The combined capitalization of CIMB and RHB would be $27.3 billion, based... | 103,198 |
2024-10-25 | Bloomberg | Saskatchewan May Use Potash Price Surge to Avoid Debt Sale: Canada Credit | Saskatchewan bonds are outperforming the rest of Canada’s regions as a rise in oil exploration and potash prices means the province may avoid further planned debt sales this year. Relative yields on Saskatchewan’s notes fell to within 56 basis points of government bonds on Oct. 22, from 62 basis points a month earlier,... | 106,208 |
2024-10-25 | Bloomberg | Canada Stocks Rise as Metals Advance on Currencies; RIM Surges | Canadian stocks rose for a second day, led by oil and metal producers, as the U.S. dollar retreated after the Group of 20 pledged to avoid “competitive devaluation” and Research In Motion Ltd. jumped. First Quantum Minerals Ltd., Canada’s second-largest publicly traded copper producer, advanced 3.4 percent as commoditi... | 106,258 |
2024-10-07 | Bloomberg | Canadian Stocks Fall as U.S. Dollar Rebounds, Commodities Drop | Canadian stocks fell for the first time in three days as the U.S. dollar rebounded from an eight- month low, dragging on energy and raw materials producers. Kinross Gold Corp., the country’s third-biggest producer, slipped 2.7 percent as the metal retreated from a record close. Suncor Energy Inc., Canada’s largest oil ... | 107,332 |
2024-11-14 | Bloomberg | WTI Crude Falls on Supply as Brent Spread Widens | West Texas Intermediate crude fell as rising U.S. inventories overcame optimism that Janet Yellen will maintain Federal Reserve stimulus efforts. WTI’s discount to Brent grew to the steepest since March. WTI slid 12 cents after touching a five-month low in intraday trading as the Energy Information Administration repor... | 107,843 |
2024-11-14 | Bloomberg | Prudential CEO Sees Future in Retaining U.S. Jackson Life Unit | Prudential Plc (PRU) Chief Executive Officer Tidjane Thiam said the U.S. business has a “great future” in the company, damping speculation he may follow European competitors in selling the North American unit. Jackson National Life, the insurer’s U.S. division, increased new business profit 11 percent to 756 million po... | 108,015 |
2024-07-20 | Bloomberg | Canadian Stocks Decline on Oil Slump Amid Spain Crisis | Canadian stocks fell for the first time in six days as crude tumbled and commodities retreated over concern the debt crisis in Europe is worsening. Cenovus Energy Inc. (CVE) lost 1.2 percent and RMP Energy Inc. (RMP) declined 6.3 percent. Bank of Nova Scotia , the third-largest lender in the country, dropped 0.9 percen... | 108,629 |
2024-09-20 | Bloomberg | Canada’s Harper Said to Step Up Involvement in EU Talks | Canadian Prime Minister Stephen Harper is seeking to break a deadlock in trade talks with the European Union by stepping up his involvement in negotiations, people familiar with the strategy said. Harper’s office is moving beyond the formal negotiating process in order to resolve disputes in the toughest areas such as ... | 108,810 |
2024-09-20 | Bloomberg | UBS Hires Amram, Roberts Leaves Canadian Imperial, Vlaad Says | Emmanuel Amram will join UBS AG’s investment banking team in Montreal as associate director from Bank of Montreal, according to Vlaad & Co., a Toronto-based financial services recruiting firm. Other moves noted in the “Bill’s Buzz” weekly newsletter include: * Don Roberts left Canadian Imperial Bank of Commerce to star... | 108,922 |
2024-09-20 | Bloomberg | Vancouver’s Record $39 Million Sale to Royal Signals Peak | A Middle Eastern royal’s purchase in May of the penthouse suite and unit below it at Vancouver ’s five-star Fairmont Pacific Rim hotel for C$40 million ($39 million) was the most expensive condominium purchase in Canada. The oceanfront apartment was also part of six consecutive months of monthly home sales gains, the m... | 108,980 |
2024-07-27 | Bloomberg | TransForce Jumps on Possible Acquisition, Profit | TransForce Inc. (TFI) , North America ’s largest mover of oil and gas-drilling rigs, jumped the most in six months in Toronto after posting profit that beat analysts’ estimates and signaling it may acquire a U.S. company. The provider of transportation and logistics services will close the C$25 million ($24.9 million) ... | 109,218 |
2024-11-13 | Bloomberg | Canadian Insurers Get 3 More Years to Comply With New OSFI Rules | Canadian insurance companies including Manulife Financial Corp. (MFC) and Sun Life Financial Inc. will have three more years to comply with new regulations from the Office of the Superintendent of Financial Institutions. OSFI said it will complete its review of the life insurance regulatory framework by 2016 rather tha... | 109,408 |
2024-05-13 | Bloomberg | Canadian Stocks Fall as U.S. Dollar Gains, Energy Producers Slip | Canadian stocks fell for a fourth day, completing a weekly decline, as energy shares retreated after the U.S. dollar strengthened. Canadian Natural Resources Ltd. (CNQ) , the country’s second- largest energy company by market value, decreased 1.5 percent as the U.S. dollar rose against 15 of 16 other major currencies. ... | 110,209 |
2024-09-18 | Bloomberg | One-Hundred-Year Bond Wipeout in Mexico Triggered by Fed | Three years after Mexico took advantage of the Federal Reserve ’s unprecedented stimulus effort to sell the world’s longest-dated government debt, the Latin America nation’s timing is proving to be prescient. Mexico’s bonds due 2110 have plunged 21.2 cents since Fed Chairman Ben S. Bernanke said on May 22 that policy m... | 110,483 |
2024-02-04 | Bloomberg | Canada Banks Urged to Limit Early Redemptions on Hybrids | Canada’s banking regulator urged the country’s lenders to avoid early redemptions of so-called hybrid bonds, which have plunged in the last six months on concern the lenders may buy the notes back at below current prices. Banks are urged “to the maximum extent possible” to redeem “instruments at their regular par redem... | 110,911 |
2024-09-27 | Bloomberg | Manulife Sees Calgary Oil Fueling Office Sales: Corporate Canada | Manulife Financial Inc. (MFC) , the owner of more real estate than any Canadian insurer or bank, is betting the energy industry will fuel demand for office space in Calgary. The benefits provider said in July it would develop a 27-story office tower in Calgary, its largest North American real estate investment since 20... | 111,916 |
2024-03-28 | Bloomberg | Canadian Stocks Fall on Missed Durable Goods Forecast | Canadian stocks declined the most in two weeks, led by materials and energy shares, after orders for U.S. durable goods rose less than projected in February. Goldcorp Inc. decreased 0.9 percent as a strike by jewelers in India curbed demand. First Quantum Minerals Ltd. (FM) , Canada ’s second-largest publicly traded co... | 112,330 |
2024-07-11 | Bloomberg | Maple Group Clears Final Regulatory Hurdles in TMX Takeover | TMX Group Inc.’s takeover by a group of Canadian banks and pension funds has been accepted by regulators in British Columbia and Alberta, clearing the final regulatory hurdles for the C$3.73 billion ($3.66 billion) transaction. Maple Group Acquisition Corp., whose dozen members include Toronto-Dominion Bank (TD) , Cana... | 113,098 |
2024-07-12 | Bloomberg | Blackstone Said to Bid for ING Asia With Ex-AIA Head | Blackstone Group LP (BX) is teaming up with Mark Wilson , the former head of AIA Group Ltd. (1299) , and other investors in a bid for ING Groep NV (INGA) ’s Asian insurance business, said two people with knowledge of the matter. The group, which includes reinsurer Swiss Re (SREN) Ltd., may make an offer of 5 billion eu... | 113,341 |
2024-11-25 | Bloomberg | Treasury $32 Billion 2-Year Note Sales Draws Above-Average Bids | Treasury’s sale of $32 billion of two-year notes drew above-average demand on speculation that the Federal Reserve ’s efforts to hold down short-term yields will support the debt. U.S. debt was little changed after the auction’s bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securiti... | 113,765 |
2024-03-21 | Bloomberg | Oil Climbs After U.S. Inventories Unexpectedly Decline in | Oil rose after the U.S. Energy Department said that crude inventories unexpectedly dropped 1.16 million barrels last week. Futures climbed 1.1 percent as the report showed supplies fell for the first time in five weeks and imports decreased. Stockpiles were forecast to gain 2.2 million barrels, according to analysts su... | 114,549 |
2024-03-21 | Bloomberg | Glencore Finds Viterra After BHP Billiton Miss: Corporate Canada | Glencore International Plc (GLEN) has learned from BHP Billiton Ltd. (BHP) ’s experiences in handling takeovers in Canada. Glencore, the largest publicly traded commodity supplier, will probably win Canadian approval for its C$6.1 billion ($6.2 billion) agreement to buy Viterra Inc. (VT) because it brought in partners ... | 114,588 |
2024-08-02 | Bloomberg | U.S. Manufacturing Expansion Probably Slowed in July | Manufacturing in the U.S. probably expanded in July at a slower pace and construction spending fell for a second month, signaling the world’s largest economy is cooling, economists said before reports today. The Institute for Supply Management’s factory index dropped to an eight-month low of 54 from 56.2, according to... | 115,427 |
2024-03-26 | Bloomberg | ING Said to Seek at Least $7 Billion for Asia Insurance Unit | ING Groep NV (INGA) , the largest Dutch financial-services company, is seeking at least $7 billion for its Asian insurance business and has drawn interest from potential suitors including MetLife Inc. (MET) , said people with knowledge of the matter. ING plans to distribute limited financial information on the assets b... | 116,689 |
2024-05-23 | Bloomberg | Canucks Beat Sharks 4-2 to Move to Brink of Reaching Stanley Cup Finals | The Vancouver Canucks are one win away from their first trip to the Stanley Cup finals in 17 years after beating the San Jose Sharks 4-2. The Canucks scored three 5-on-3 power play goals in a one minute, 55-second span midway through the second period yesterday at HP Pavilion in San Jose. Sami Salo scored twice and Hen... | 117,081 |
2024-11-22 | Bloomberg | McNamara Joins BMO Capital and Scotia Hires Malhotra, Vlaad Says | Bank of Montreal (BMO) ’s BMO Capital Markets hired Dan McNamara from Calamos Asset Management to head its U.S. financial institutions group, according to Vlaad & Co., a Toronto-based financial services recruiting firm. Other moves noted in the “Bill’s Buzz” weekly newsletter include:2 * Analyst Sumit Malhotra joined B... | 117,154 |
2024-11-22 | Bloomberg | Canadian Stocks Rise as Consumer Spending Gains; Pretium Surges | Canadian stocks rose for a second day, leaving the benchmark index poised for a third weekly gain, as precious metals producers rallied and data showed consumer spending in September jumped more than projected. Pretium Resources Inc. surged 63 percent after saying gold recovered from an ore sample at its British Columb... | 117,243 |
2024-07-16 | Bloomberg | Meridian Takes on Banks as Canadian Credit Unions Grow | Coast Capital Savings and Meridian Credit Union lead Canadian credit unions planning to take advantage of regulations allowing them to expand across the country, challenging bigger competitors such as Royal Bank of Canada. (RY) Credit unions, financial institutions owned by their customers and overseen by provincial r... | 117,519 |
2024-07-16 | Bloomberg | Manulife, Korea Life Said to Bid for ING’s Asia Insurance Unit | Manulife Financial Corp. (MFC) , Korea Life Insurance Co. (088350) and KB Financial Group Inc. (105560) are among firms that made second-round bids for ING Groep NV (INGA) ’s Asian insurance operations, said three people with knowledge of the matter. Manulife offered to buy most of the regional unit, while Korea Life b... | 117,781 |
2024-11-01 | Bloomberg | RBI May Raise Rates for Sixth Time in Boost for Rupee Yields: India Credit | India’s central bank may raise interest rates for a sixth time this year in Asia’s fastest round of increases, encouraging record investment in the nation’s debt that has driven the rupee to a two-year high. The Reserve Bank of India may boost the repurchase rate to 6.25 percent from 6 percent tomorrow at 11:30 a.m. in... | 117,931 |
2024-09-16 | Bloomberg | Julius Baer to Pictet Say Summers Exit Spurs Emerging Assets | Investors from Bank Julius Baer & Co. to Pictet Asset Management predict emerging-market assets will extend gains after Lawrence Summers pulled out of contention to be the next Federal Reserve chairman. The former Treasury Secretary would have reined in Fed stimulus faster than Janet Yellen , his main rival to replace ... | 118,304 |
2024-09-26 | Bloomberg | Maple to Provide Update on TMX Group Offer as Talks Continue | Maple Group Acquisition Corp., the group of Canadian banks and pension funds seeking to buy the Toronto Stock Exchange owner, will update investors this week on its C$3.73 billion ($3.61 billion) offer as talks continue with regulators and TMX Group Inc. (X) The bidding group plans to release a statement this week ahe... | 120,365 |
2024-07-26 | Bloomberg | State Street Buys Canada Provincial Debt on Budget Outlook: Canada Credit | Canadian provincial bonds’ relative yields will narrow because regional governments will likely balance budgets sooner than forecast, according to State Street Global Advisors. The extra yield investors demand to own provincial rather than federal debt expanded to 57 basis points on July 23, from 39 basis points in Ja... | 120,582 |
2024-07-27 | Bloomberg | Electrolux, Pernod, Imperial Feel Bite of European Budget Cuts | Europe’s biggest consumer companies are starting to feel the pinch of budget-cutting. Electrolux AB , Imperial Tobacco Group Plc and Pernod Ricard SA said last week demand slackened as shoppers cut back on appliances, cigarettes and liquor. Groupe Danone SA today reported weaker sales growth and further evidence of a ... | 120,967 |
2024-01-22 | Bloomberg | Celtic Leads TSX Volatility to Eight-Year Low: Corporate | Celtic Exploration Ltd. (CLT) and Bank of Montreal are among companies driving Canadian stock-market swings to an eight-year low after the U.S. avoided the so-called fiscal cliff and Europe ’s debt crisis subsided. Historical volatility for the Standard & Poor’s/TSX Composite Index (SPTSX) has fallen 58 percent to 6.56... | 121,384 |
2024-10-02 | Bloomberg | Rate Swaps Signal Tightening on Inflation Risk: Southeast Asia | Interest-rate swaps in Malaysia and Thailand are signaling central banks will start to tighten monetary policy next year for the first time since 2011, as fighting inflation takes precedence over economic growth. Malaysian and Thai contracts in which investors exchange a fixed payment for a floating rate for two years ... | 121,607 |
2024-10-01 | Bloomberg | MetLife Joins Wal-Mart Selling Insurance in a Snoopy Box | MetLife Inc. (MET) , the largest U.S. life insurer, is turning to the world’s biggest retailer and Snoopy to boost sales of its policies to less-affluent consumers. The insurer began offering prepaid life policies at about 200 Wal-Mart (WMT) Stores Inc. locations in South Carolina and Georgia last month, Shane Winn, a ... | 121,875 |
2024-09-19 | Bloomberg | Hancock Agricultural Investment’s Jeff Conrad Retiring Sept. 30 | Jeff Conrad, the president of Hancock Agricultural Investment Group, is retiring as of Sept. 30. Conrad will be replaced by Oliver Williams, Boston-based company spokesman Brian Carmichael said in an e-mail. Hancock Agricultural Investment Group manages $1.4 billion in real estate, covering 230,000 acres of farmland in... | 122,042 |
2024-09-20 | Bloomberg | Canadian Stocks Rise as Gold Gains on Italian Credit-Rating Cut | Canadian stocks rose for the first time in three days as gold companies advanced after Standard & Poor’s cut Italy ’s credit rating and financial companies gained on speculation the U.S. will begin a new stimulus strategy. Goldcorp Inc. (G) , the world’s second-largest producer by market value, climbed 5.2 percent as t... | 122,119 |
2024-09-21 | Bloomberg | Canadian Stocks Decline as Federal Reserve Cites Economic Risks | Canadian stocks fell, led by energy and base-metals producers, after the U.S. Federal Reserve said “significant downside risks” remain to the economic recovery. Teck Resources Ltd. (TCK/B) , Canada’s largest base-metals and coal producer, lost 5.8 percent after two U.S. producers of coal used in steelmaking cut product... | 123,503 |
2024-05-15 | Bloomberg | Oil Little Changed as Equities Rally to Record | West Texas Intermediate crude was little changed as equities gained on speculation of central-bank stimulus measures after economic reports from the U.S. and Europe missed forecasts. Prices rose 9 cents, reversing a 2.2 percent intraday drop, as the Standard & Poor’s 500 Index climbed to a record. Futures tumbled earli... | 124,577 |
2024-05-15 | Bloomberg | Canada Stocks Fall as Metals Slide on U.S. Manufacturing Reports | Canadian stocks fell as banks and raw-material shares slumped after the price of gold dropped below $1,400 on disappointing U.S. manufacturing data. Detour Gold Corp. and Dundee Precious Metals Inc. slumped at least 8.5 percent as gold extended the longest losing streak in almost three months. First Majestic Silver Cor... | 124,778 |
2024-05-15 | Bloomberg | Hartford Said to Seek Sale of Japanese Annuity Unit | Hartford Financial Services Group Inc. (HIG) , the insurance company pruning operations after an activist investor urged it to split up last year, hired Deutsche Bank AG (DBK) to seek a buyer for its Japanese business, people with knowledge of the matter said. The people asked not to be identified because the process i... | 124,830 |
2024-01-25 | Bloomberg | Canada Stocks Decline as Gold Slump Offsets U.S. Profit Reports | Canadian stocks fell as metals producers slumped, offsetting economic optimism after the European Central Bank said banks will repay more of their loans than forecast and U.S. corporate earnings topped forecasts. Kinross Gold Corp. and Eldorado Gold Corp. slumped more than 5.1 percent as the gold price fell to a two-we... | 124,951 |
2024-01-25 | Bloomberg | Six Canadian Banks May Be Cut by Moody’s Next Week | Toronto-Dominion Bank (TD) and five other Canadian lenders could have their credit ratings downgraded by Moody’s Investors Service next week, an analyst at the Bank of Nova Scotia said. Moody’s placed Toronto-Dominion, Bank of Nova Scotia , and four other lenders on review for possible downgrade on Oct. 26, citing the ... | 125,176 |
2024-01-25 | Bloomberg | Bears Shut Up by Data as Dollar Sales Reach Record: China Credit | Chinese corporate dollar-denominated bond sales are off to a record start as an accelerating economy allays default concerns, driving down borrowing costs by the most in Asia. Yuexiu Property Co. (123) , whose projects include the Guangzhou International Finance Center, led $5.35 billion of offerings since Dec. 31, acc... | 125,359 |
2024-07-22 | Bloomberg | Canadian Stocks Rise on Strength in U.S. Earnings; Suncor Energy Advances | Canadian stocks rose as commodity producers and financial shares rallied after U.S. companies including AT&T Inc. and United Parcel Service Inc. reported earnings that topped analyst estimates and metals gained. Manulife Financial Corp., North America’s third-largest insurer, advanced 4.5 percent as the percentage of ... | 125,937 |
2024-07-28 | Bloomberg | U.S. Durable Goods Orders Probably Rebounded as Spending Boosts Economy | Orders for durable goods probably increased in June for the sixth time in the past seven months, showing business spending is supporting the U.S. recovery, economists said before a report today. Bookings for goods meant to last at least three years rose 1 percent after dropping 0.6 percent in May, according to the med... | 126,301 |
2024-07-28 | Bloomberg | Teck Resources Net Income Declines 54% After One-Time Gain Wasn't Repeated | Teck Resources Ltd. , Canada’s largest diversified miner, reported a 54 percent drop in second- quarter profit after a one-time foreign exchange gain wasn’t repeated. Net income was C$260 million ($251 million), or 44 cents a share, compared with C$570 million, or C$1.17, a year earlier, Vancouver-based Teck said toda... | 126,671 |
2024-05-23 | Bloomberg | Treasury 10-Year Inflation-Index Debt Sale Wins Back Investors | Investors bought the largest share of a 10-year Treasury Inflation Protected Securities sale since at least 2003 as yields at 14-month highs boosted demand. Non-primary dealers bought about 69 percent of the $13 billion in TIPS issued yesterday, according to data going back to July 2003 that was compiled by Bloomberg. ... | 126,975 |
2024-09-28 | Bloomberg | SP Setia Gets Offer in Malaysia’s Biggest Real Estate Takeover in 20 Years | SP Setia Bhd. (SPSB) , Malaysia ’s biggest listed developer by sales, said shareholder Permodalan Nasional Bhd. made an offer to take over the company in the country’s largest property acquisition in at least two decades. Permodalan or PNB, Malaysia’s largest state asset manager, offered 3.90 ringgit apiece for the res... | 127,347 |
2024-09-28 | Bloomberg | TMX Chief Kloet Sees ‘Great Deal of Regulatory Uncertainty’ | TMX Group Inc. (X) Chief Executive Officer Thomas Kloet said there is regulatory uncertainty in potential takeover offers for the operator of the Toronto Stock Exchange. “There is a great deal of regulatory uncertainty with regard to any of these acquisitions,” Kloet said today in an interview with Bloomberg Television... | 127,516 |
2024-09-28 | Bloomberg | TMX Discount to Maple Bid Shows Regulatory Risk, Kloet Says | TMX Group Inc. (X) Chief Executive Officer Thomas Kloet said the gap between his company’s stock price and a takeover offer by a group of Canadian banks and pension funds reflects investor concerns that regulators may reject the C$3.73 billion ($3.65 billion) deal. “Whenever you have a transaction like this, there’s a ... | 127,588 |
2024-09-28 | Bloomberg | TMX Chief Kloet Says Maple Group Takeover Bid ‘Not a Bluff’ | TMX Group Inc. (X) Chief Executive Officer Thomas Kloet said a takeover offer from Maple Group Acquisition Corp. is a legitimate bid. “I do not view it as a bluff, frankly,” Kloet said today in an interview with Bloomberg Television in New York. Maple, a group of 13 Canadian financial-services companies including Toron... | 127,856 |
2024-06-05 | Bloomberg | Cash Outflows Turn World’s Best Stocks to Worst: Southeast Asia | Stock markets in Indonesia , the Philippines and Thailand have gone from being the world’s best to among the worst as the threat of reduced bond purchases by the U.S. Federal Reserve sends foreign investors to the exit. Equity indexes in the three markets have declined more than 3.5 percent since May 22, when Fed Chair... | 128,742 |
2024-10-30 | Bloomberg | TransCanada Quarterly Profit Falls on Lower Gas Transport | TransCanada Corp. (TRP) , the company that proposed the Keystone XL oil pipeline, said third-quarter profit fell 4.4 percent as it transported less natural gas and had maintenance at some power plants. Net income dropped to C$369 million ($369 million), or 52 cents a share, from C$386 million, or 55 cents, a year earli... | 129,156 |
2024-10-08 | Bloomberg | Hong Kong Stocks Retreat as China Opens After Holiday | Hong Kong stocks fell, with the city’s benchmark equities declining for the first time in six days, as China ’s markets reopened after a week-long break. ZTE Corp. (000063) , a Chinese phone-equipment maker, slumped 6 percent after a draft U.S. congressional report said the company poses a security threat. SIM Technol... | 129,541 |
2024-08-03 | Bloomberg | Telus Profit Beats Estimates as Data Spending Climbs | Telus Corp. (T) , Canada ’s third-largest wireless carrier, reported second-quarter profit that beat analysts’ estimates as customer spending on smartphone data surged. The company raised its forecast for annual revenue. Excluding one-time charges, profit per share was C$1.02, the Vancouver-based company said today in ... | 129,751 |
2024-08-03 | Bloomberg | Lowe’s Needs Richest Bid Since ’06 to Win Rona: Real M&A | Lowe’s Cos. (LOW) needs to boost its bid for Rona Inc. (RON) to the home-improvement industry’s steepest premium in more than six years to even stand a chance at acquiring Canada’s largest chain. Rona disclosed this week that its board rejected an unsolicited offer of C$1.76 billion ($1.75 billion) from Lowe’s, saying ... | 129,887 |
2024-08-03 | Bloomberg | Canadian Dollar Rises to Parity as U.S. Job Gains Beat Forecasts | Canada ’s dollar appreciated through parity with its U.S. counterpart on an improved outlook for the nation’s exports after America’s Labor Department reported employers hired more workers than economists predicted. The currency gained for a fourth week as stocks and crude oil, the nation’s largest export, rallied. Fut... | 129,901 |
2024-01-15 | Bloomberg | Rogers Will Buy Shaw Spectrum, Cable Unit for C$700 Million | Rogers Communications Inc. (RCI/B) , Canada ’s largest mobile-phone company, agreed to buy wireless spectrum and a local cable business from Shaw Communications Inc. (SJR/B) for C$700 million ($712 million). Rogers will buy Shaw’s Mountain Cablevision Ltd. unit based in Hamilton, Ontario, the companies said yesterday i... | 130,465 |
2024-07-18 | Bloomberg | Korea’s KB Says It Bid for ING Korea Life, Mulling Woori | KB Financial Group Inc. (105560) bid for ING Groep NV (INGA) ’s South Korean life insurance business and may enter the race to take over Woori Finance Holdings Co. (053000) , Chairman Euh Yoon Dae said. KB Financial, owner of the country’s largest bank, has the capacity to borrow 5 trillion won ($4.4 billion), Euh, 67,... | 131,741 |
2024-07-17 | Bloomberg | Innergex Gets $165.8 Million Loan for Hydroelectric Plant | Innergex Renewable Energy Inc. (INE) , a Canadian company that owns hydropower, wind and solar farms, received a C$168.5 million ($165.8 million) loan to build a hydroelectric project in British Columbia. Manulife Financial Corp. (MFC) , Canada Life Assurance Co. and Great-West Life Assurance Co. loaned the money for t... | 132,051 |
2024-04-30 | Bloomberg | Maple Group Extends Offer to Acquire TMX Group to May 31 | A group of Canadian banks and pension funds extended its C$3.73 billion ($3.78 billion) offer to buy TMX Group Inc. (X) to May 31, its seventh extension as it pursues regulatory approval to buy the Toronto Stock Exchange owner. Maple Group Acquisition Corp., whose 13 members include Toronto-Dominion Bank (TD) , Caisse ... | 132,359 |
2024-04-30 | Bloomberg | TMX Rally Shows Optimism for Maple Deal Rising | Investors are more optimistic a takeover of TMX Group Inc. (X) by a group of banks and pension funds will go ahead after Canada ’s antitrust watchdog said its concerns on the deal may be eased. TMX shares rallied 4.6 percent on April 27, its biggest surge in 11 months, after the Competition Bureau said its “serious con... | 132,710 |
2024-03-27 | Bloomberg | Vietnam Bonds Fall on Inflation Concern; Dong Little Changed | Vietnam ’s five-year bonds fell for the first time in four days on concern fuel-price increases will fan inflation, limiting the scope for interest-rate cuts. The dong was little changed. Vietnam raised the price of petroleum products, including gasoline, by as much as 12 percent March 7. Slower inflation may allow Vie... | 132,758 |
2024-03-27 | Bloomberg | Yields Less Than Italy’s Signal Indonesia Exiting Junk: Economy | Indonesia and the Philippines, able to raise funds at a lower cost than Italy, may be poised to get the highest credit ratings since the 1997 Asian financial crisis as the nations step up efforts to boost investment. Officials from Standard & Poor’s , the only company to grade Indonesia’s debt as junk, are visiting the... | 132,842 |
2024-09-17 | Bloomberg | Longevity-Proof Your Future | In one online l ongevity game , a projected life expectancy into your nineties gets you five gold stars, living into your seventies or eighties four stars and below 70, just three stars. If only living into one’s tenth decade -- an increasing probability -- felt like a five-star proposition. In a recent BlackRock surve... | 134,074 |
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