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 […]
Breadcrumb Trail Links PMN Business President-elect Donald Trump said he has no plans to replace Federal Reserve Chair Jerome Powell once he returns to the White House, saying “I don’t see it.” Author of the article: Bloomberg News Jenny Leonard and Michelle Jamrisko Published Dec 08, 2024 • 4 minute read US President-elect Donald Trump […]
Breadcrumb Trail Links PMN Business Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe. Author of the article: Bloomberg News Marcus Wong and Malavika Kaur Makol Published Dec 08, 2024 • 3 minute read vua(y5seymtevlqkefertf}f_media_dl_1.png Bloomberg Article […]
Breadcrumb Trail Links PMN Business Debt markets have been in risk-on mode for weeks now, fired up by Federal Reserve rate cuts and the election of Donald Trump to the US presidency. Risk premiums on junk bonds have plunged more than 1 percentage point since early August, and companies launched the sales of around $105 […]
Breadcrumb Trail Links PMN Business Donald Trump has jumped straight into action as the defender of dollar power, training some heavy fire on an enemy that barely even exists. Author of the article: Bloomberg News Saleha Mohsin Published Dec 07, 2024 • 6 minute read bfpxjlmlvyyy4c]dk8on}luh_media_dl_1.png International Monetary Fund, Blo Article content (Bloomberg) — Donald […]
Breadcrumb Trail Links PMN Business Canada’s largest banks all are poised to pay their employees more in variable compensation for 2024, with stock-market favorites Royal Bank of Canada, Canadian Imperial Bank of Commerce and National Bank of Canada increasing bonus pay the most. Author of the article: Bloomberg News Christine Dobby Published Dec 05, 2024 […]
Article content (Bloomberg) — Prime Minister Justin Trudeau’s government will step up border enforcement in a “visible and muscular way,” according to a top Canadian official, as the nation tries to avoid tariffs from Donald Trump’s new administration. Article content At a dinner meeting at Trump’s Mar-a-Lago resort on Friday, “we got a mutual understanding […]
Article content (Bloomberg) — Electric bus manufacturer Lion Electric Co. is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from its lenders. Article content The Saint-Jerome, Quebec-based company made the announcement after a Saturday deadline to meet its obligations to key creditors […]
Article content (Bloomberg) — Walt Disney Co.’s new Moana 2 brought in ticket sales of $221 million in the US and Canada over its five-day Thanksgiving weekend, shattering the record held by the company’s Frozen 2 since 2019. Article content The performance of Moana 2, an animated sequel to the 2016 original about a Pacific […]
Breadcrumb Trail Links PMN Business Some of the biggest companies in France now have lower borrowing costs than the sovereign as credit traders fret about fiscal plans that risk toppling the government. Author of the article: Bloomberg News Tasos Vossos Published Nov 30, 2024 • 4 minute read hrgvidm5u9}zp2d(og9t]]57_media_dl_1.png Bloomberg Article content (Bloomberg) — Some […]