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 […]
Breadcrumb Trail Links PMN Business Million Air, a luxury aviation company catering to the ultra-rich and high-flying executives, is borrowing $120.5 million from Wall Street to expand its operations in Austin to meet pent-up demand for hangar space to park private jets. Author of the article: Bloomberg News Erin Hudson and Amanda Albright Published Oct […]
Breadcrumb Trail Links PMN Business General Motors Co. said governments in Canada are pulling back on subsidies for electric cars at an awkward time — just as they want carmakers to ramp up sales of cleaner vehicles. Author of the article: Bloomberg News Thomas Seal Published Oct 24, 2024 • 2 minute read A Chevrolet […]
Article content (Bloomberg) — Refiners on the US Gulf Coast are increasingly turning to Latin American heavy crude as Canada’s recently expanded Trans Mountain pipeline reroutes global oil flows. Signs of the shifting tides include Mexican state oil company Pemex recently buying Colombian oil for its refinery in Texas and American refiner Valero Energy Corp. […]
Breadcrumb Trail Links PMN Business The Bank of Canada cut its overnight rate to 3.75% on Wednesday, its lowest level since December 2022. Here’s what economists and investors are saying about it. Author of the article: Bloomberg News Stephanie Hughes, Randy Thanthong-Knight and Derek Decloet Published Oct 23, 2024 • 4 minute read The Bank […]
Breadcrumb Trail Links PMN Business An investigation of Huawei Technologies Co.’s latest AI offering has unearthed an advanced processor made by Nvidia Corp. manufacturing partner Taiwan Semiconductor Manufacturing Co., suggesting that China is still struggling to reliably make its own advanced chips in sufficient quantities. Author of the article: Bloomberg News Mackenzie Hawkins Published Oct […]