Category: BLOOM

Dec 16

CIBC’s Dodig Favors Small Wealth Acquisitions Over Larger Deals

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 […]
Dec 15

Rebels Vow to Ramp Up Fight Against Morocco Over Western Sahara

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 […]
Dec 14

The 24 Hours of Rate Cuts That End Year of Global Central-Bank Easing

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, […]
Dec 12

Data Center DigiCo REIT to Debut After Australia’s Biggest IPO Since 2018

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 […]
Dec 8

Women Are Still Struggling to Make It Into the C-Suite in the UK

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 […]
Dec 8

Canadian Western Bank Says Legal Claim Caused Earnings Delay

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 […]