Article content (Bloomberg) — After years of lagging returns and more recent concerns over US office loans, Canadian Imperial Bank of Commerce has turned a corner with investors. Chief Executive Officer Victor Dodig says he won’t put that at risk with acquisitions that reduce shareholder value. Article content “The investor sentiment fundamentally says that CIBC […]
Article content (Bloomberg) — A cold snap has forced school closures and other disruptions to public life across much of Iran, as authorities grapple with a shortage of natural gas for heating and electricity generation. Article content The closure of schools and other public institutions began over the weekend across provinces in the northern half […]
Article content (Bloomberg) — President Joe Biden plans to take action on land protections, clemency and artificial intelligence in the final weeks of his administration, according to a memo to allies, as he looks to codify his legacy before Donald Trump’s inauguration. Article content The steps are the latest as Biden races to tie off […]
Article content (Bloomberg) — The group fighting for Western Sahara’s independence warned it may ramp up military attacks as Morocco looks to consolidate control of the disputed territory after securing US and French backing. Article content Those landmark recognitions of Moroccan rule — kickstarted by Donald Trump’s previous administration — are encouraging Rabat to accelerate […]
Breadcrumb Trail Links PMN Business A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. Author of the article: Bloomberg News Craig Stirling Published Dec 14, 2024 • 7 minute read v2)ck0es6[hmil8cu}04w8j1_media_dl_1.png Central banks, […]
Breadcrumb Trail Links PMN Business The US Supreme Court will hear a clash involving California’s stringent vehicle pollution limits, agreeing to decide whether fuel producers have a legal right to sue over the regulations. Author of the article: Bloomberg News Greg Stohr Published Dec 13, 2024 • 2 minute read Vehicles drive in traffic down […]
Article content (Bloomberg) — Shares of data center operator DigiCo Infrastructure REIT are set to start trading in Sydney on Friday after a A$2 billion ($1.3 billion) initial public offering that was Australia’s biggest in more than six years. Article content The deal — Australia’s largest since oil refiner Viva Energy Group Ltd.’s listing in […]
Article content (Bloomberg) — GE Vernova Inc. has signed multiple contracts to sell natural gas turbines for data centers that will use enough power to light up major cities, the company’s top executive said. Article content Big technology companies are reserving turbines — the engines at the heart of gas-fired power plants — for their […]
Breadcrumb Trail Links PMN Business New research shows that the path for women to become CEO remains “unbelievably narrow” across British corporations. Author of the article: Bloomberg News Katherine Griffiths Published Dec 08, 2024 • 3 minute read 4b9pf561913mj[a6{zcor3ip_media_dl_1.png Bloomberg Intelligence Article content (Bloomberg) — Women are increasingly being hired for the roles at companies […]
Article content (Bloomberg) — Canadian Western Bank said it delayed the release of its fiscal fourth-quarter earnings Friday because it received a legal claim against a bank division that needed investigation. Article content The case won’t affect its sale to National Bank of Canada, it said. The claim involving CWB Maxium Financial Ltd. contains “allegations […]