Breadcrumb Trail Links PMN Business Mexico is looking beyond the incoming Trump administration’s threats of tariffs, betting on a bright future for global merchandise trade no matter what actions its northern neighbor and biggest trading partner takes. Author of the article: Bloomberg News Alex Vasquez Published Nov 23, 2024 • 4 minute read Captain Luis […]
Breadcrumb Trail Links PMN Business Weeks after the start of her government, Mexican President Claudia Sheinbaum is giving signs that she’ll come down on the side of the US over China, if she’s forced to choose. Author of the article: Bloomberg News Maya Averbuch Published Nov 17, 2024 • 6 minute read Mexican President Claudia […]
Article content (Bloomberg) — Canadian women’s clothing retailer Groupe Dynamite Inc. launched its initial public offering with a dual-class share structure and a valuation of C$2.3 billion ($1.7 billion), a deal that would cement its top executive as a billionaire. The company behind the Garage and Dynamite chains said in public filings that Andrew Lutfy, […]
Article content (Bloomberg) — Prime Minister Justin Trudeau warned that US workers would suffer the consequences of any tariffs or trade barriers imposed on Canadian goods by Washington. “The interconnectedness between the supply chains in Canada and the United States, the reliableness of Canada as a partner to so many, and so much of the […]
Article content (Bloomberg) — Canadian asset manager Fiera Capital Corp. is losing a C$5.5 billion ($4 billion) mandate as another fund manager ends its sub-advisory deal with the firm. Fiera announced Friday that Canoe Financial LP will end the companies’ arrangement in January, which involves both Fiera and PineStone Asset Management Inc., a firm run […]
Article content (Bloomberg) — Dye & Durham Ltd shares fell as much as 13%, the most in a year, after Canada’s Competition Bureau obtained a court order to investigate alleged anti-competitive conduct at the legal and business software company. The probe is focused on Dye & Durham’s conveyancing software used in residential real estate transactions. […]
Breadcrumb Trail Links PMN Business Meta Platforms Inc. has granted approval for US government agencies and defense contractors to use its AI models, opening the door for Meta’s technology to play a key role in military and national security efforts. Author of the article: Bloomberg News Kurt Wagner Published Nov 04, 2024 • 3 minute […]
Article content (Bloomberg) — OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook. The group led by Saudi Arabia and Russia had intended to begin a series of monthly production increases by adding […]
Article content (Bloomberg) — Air Canada posted quarterly earnings that beat estimates while announcing a new buyback program, boosting the airline’s shares the most in more than a year. The Montreal-based company raised its full-year outlook for adjusted Ebitda, a measure of profit that excludes items such as taxes and interest, to C$3.5 billion ($2.5 […]
Article content (Bloomberg) — Canada’s largest pension fund and Singapore’s GIC Pte are in advanced talks to back PSG Equity’s plan to transfer $1.8 billion of company stakes into a new vehicle designed specifically for this type of asset-shifting. PSG plans to move roughly a half-dozen investments from several older funds into a new one […]