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2024-05-11 | Bloomberg | Canadian Stocks Extend Weekly Decline as Materials Fall | Canadian stocks fell, completing a second straight weekly decline, as energy and materials producers slipped on concern that a weakening Chinese economy may curb demand for commodities. Barrick Gold Corp. (ABX) and Suncor Energy Inc. declined 1.9 percent each as oil and gold futures slumped. Osisko Mining Corp. sank 13... |
2024-05-11 | Bloomberg | Canada Adds 58,200 Jobs in April, Unemployment Hits 7.3% | Canadian employment rose almost six times faster than economists forecast in April, led by private- sector and full-time positions, creating the largest two-month increase in more than 30 years and leading investors to raise bets on higher interest rates. Employment rose by 58,200 following a March jump of 82,300 that ... |
2024-09-22 | Bloomberg | Ace in New York Life Asia Assets Talks as Rivals Exit | Ace Ltd. , the Swiss insurer operating in more than 50 countries, is in talks to buy New York Life Insurance Co.’s assets in Asia after two rivals dropped out, according to three people with knowledge of the matter. New York Life ended negotiations with Manulife Financial Corp. , Canada’s largest insurer, about the U.S... |
2024-09-22 | Bloomberg | GMP Ranks First for Canada Equity Sales, Ousting RBC Capital | GMP Capital Inc. , the second-worst Canadian financial stock this year, is the top adviser on equity sales in the country for the first time, tapping its links to the energy industry to oust bigger rival RBC Capital Markets. GMP Securities managed 38 initial public offerings and secondary stock sales worth $2.52 billio... |
2024-09-22 | Bloomberg | Canadian Stocks Fall After Retail Sales, U.S. Home Prices Drop | Canadian stocks fell for a second day, led by financial companies, after Canadian retail sales and U.S. home prices decreased. Manulife Financial Corp., North America’s third-biggest insurer, lost 4.6 percent after the U.S. government said home prices retreated for an eighth month. Barrick Gold Corp., the world’s large... |
2024-05-30 | Bloomberg | Asean Backing Junk Debt Lures Prudential: Southeast Asia | Southeast Asia ’s first plan to back corporate bonds will lure pension funds seeking higher yields from investment-grade debt, according to Prudential Plc and PineBridge Investments LLC. The AA+ rated Credit Guarantee & Investment Facility, formed by the Association of Southeast Asian Nations along with Japan , China a... |
2024-11-29 | Bloomberg | National Bank of Canada May Boost Its Dividend for First Time Since 2007 | National Bank of Canada may become the first of the country’s biggest banks to raise its quarterly dividend in more than two years as earnings rebound, according to data compiled by Bloomberg. The Montreal-based bank, the first Canadian lender to report fourth-quarter results, will increase its payout 2 cents to 64 cen... |
2024-11-29 | Bloomberg | TIAA-CREF, John Hancock Life in Group Targeting Energy | Hunt Power LP, TIAA-CREF and John Hancock Life Insurance Co. are among five companies planning to invest $2.1 billion in electricity transmission and gas storage projects, the companies said today. Marubeni Corp. and OPTrust Private Markets Group also are in the group forming real-estate investment trusts to develop an... |
2024-11-29 | Bloomberg | Insider Probe Infecting Mutual Funds May Extend Three Years of Withdrawals | Mutual funds’ ties to so-called expert networks that have been probed as part of an insider trading investigation may undermine efforts by the industry to stem three years of client withdrawals from stock funds. Janus Capital Group Inc. and Wellington Management Co. were among firms that received requests for informati... |
2024-01-20 | Bloomberg | Record Philippine Stock Inflows Show Confidence in Aquino GDP Growth Plans | Investors are pouring record amounts of money into Philippine stocks , a sign of growing confidence in President Benigno Aquino ’s plan to boost economic growth to a level that may exceed China ’s expansion. Foreign investors bought $1.1 billion of Philippine shares in the past two months, the most since Bloomberg bega... |
2024-01-19 | Bloomberg | Morgan Stanley Increases Investment Bank Pay Pool by 3% to $7.2 Billion | Morgan Stanley (MS) , the sixth-largest U.S. bank by assets, set aside $7.2 billion to pay employees at its investment banking division in 2011, 3 percent more than a year earlier, as the unit’s revenue climbed 6 percent. Compensation at the institutional-securities unit, which includes salaries, bonuses and benefits f... |
2024-02-01 | Bloomberg | Canadian Stocks Rise as Manufacturing Indexes Gain in EU, China | Canadian stocks rose for a second day, led by banks and energy producers, after manufacturing indexes in Europe and China surpassed most analysts’ forecasts. Royal Bank of Canada (RY) , the country’s largest lender by assets, increased 1.7 percent as banks climbed for the first time in seven days. Cenovus Energy Inc. (... |
2024-04-05 | Bloomberg | Canadian Stocks Gain as Gold Rises to Record; Manulife Declines | Canadian stocks rose for a sixth day, led by gold producers, as the metal climbed to a record after Moody’s Investors Service cut Portugal ’s long-term credit rating and the U.S. dollar weakened. Goldcorp Inc. (G) , the world’s second-largest producer by market value, advanced 5.8 percent. Manulife Financial Corp. (MFC... |
2024-01-26 | Bloomberg | Manulife, Sun Life Fall on Ratings, Fed Outlook: Toronto Mover | Manulife Financial Corp. (MFC) , Sun Life Financial Inc. (SLF) and other Canadian life insurers plunged amid credit-rating downgrades after Federal Reserve Chairman Ben S. Bernanke said inflation in the U.S. will remain restrained. Manulife, the country’s largest insurer, fell 3.9 percent to C$12.07 at 12:53 p.m. in To... |
2024-07-22 | Bloomberg | Canadian Stocks Rise as Precious Metals Climb; Celestica Jumps | Canadian stocks rose for a fourth day, extending a weekly gain, as gold advanced after Fitch Ratings said a new bailout of Greece will be considered a “restricted default.” Goldcorp Inc. (G) , the world’s second-largest producer of the metal by market value, increased 2.6 percent as the euro fell against 13 of 16 other... |
2024-11-16 | Bloomberg | Canadian Stocks Fall as Commodity Producers Decline on China Rate Concern | Canadian stocks fell for a fourth day as metal and oil producers dropped after comments by a central bank governor in China spurred speculation that the nation will raise interest rates, curbing demand. Canadian Natural Resources Ltd. and Suncor Energy Inc. each declined 2.2 percent as crude oil fell to a two-week low.... |
2024-03-22 | Bloomberg | Manulife Raises CEO’s Pay 21% to $10 Million as Profit Increases | Manulife Financial Corp. (MFC) awarded Chief Executive Officer Donald Guloien C$10.4 million ($10.1 million) in 2012, a 21 percent increase from a year earlier, after Canada’s largest insurer increased annual profit. Guloien, 55, was awarded C$8.67 million in 2011, according to a regulatory filing today by the Toronto-... |
2024-03-22 | Bloomberg | Beer Label Maker Flies Under Radar to Top TSX: Corporate Canada | CCL Industries Inc. (CCL/B) has more room to rise after the maker of Heineken beer labels and Tide detergent bottles posted the best return among Canadian stocks this year. CCL, the world’s largest maker of specialty labeling, has surged 40 percent in 2013, the best among 239 members in the benchmark Standard & Poor’s/... |
2024-11-19 | Bloomberg | Manulife Favors 10-Year as Xi to Prefer Long Game: China Credit | China’s long-term bonds are rallying for the first time in four months as a pickup in the economy gives new leaders scope to shun stimulus in favor of policies that will result in slower and more sustainable growth. The yield on benchmark 10-year notes fell six basis points to 3.52 percent in November, after climbing 2... |
2024-09-12 | Bloomberg | India Stocks Rise to Six-Month High on Interest-Rate Speculation | Indian stocks rose to the highest level in more than six months on speculation the central bank will cut interest rates next week and as a German court cleared the way for a permanent euro-area rescue fund. The BSE India Sensitive Index, or Sensex, increased 0.8 percent to 18,000.03, the highest close since Feb. 23. Th... |
2024-09-13 | Bloomberg | BlackRock Boosts Asian Team as Manulife Hires: Southeast Asia | The world’s biggest asset managers are hiring bond traders and analysts in Singapore as more global capital shifts to Asia, where economies growing fivefold the pace of advanced nations are improving creditworthiness. BlackRock Inc. (BLK) , the largest money manager , has made the city-state its primary trading center ... |
2024-03-13 | Bloomberg | Lincoln’s Cooper Shuns Shoot-For-Moon Funds After Goldman | Ellen Cooper, the chief investment officer hired by Lincoln National Corp. (LNC) from Goldman Sachs Group Inc. (GS) last year, is shifting the insurer’s hedge-fund bets in her first months on the job. Cooper, who ran Goldman Sachs’s insurance asset-management unit, said she is moving about $125 million from so-called m... |
2024-03-13 | Bloomberg | Insurers’ Wall Street Risks Hurt Investors, McKinsey Says | U.S. life insurers underperformed most industries after taking risks that should have been left to Wall Street banks, McKinsey & Co. said in a report today. Insurers were hurt by offering guaranteed returns on products linked to stocks and bonds to compete with banks, tying company profits to investment markets, McKins... |
2024-03-13 | Bloomberg | WTI Oil Slips as U.S. Inventories Climb for Eighth Week | West Texas Intermediate was little changed after an Energy Information Administration report showed that U.S. inventories climbed to a seasonal high. WTI’s discount to Brent narrowed to the lowest level in six weeks. WTI slipped 2 cents as the EIA, the Energy Department’s statistical arm, said supplies rose 2.62 millio... |
2024-03-13 | Bloomberg | Canada’s Fast Says Momentum Building for EU Trade Accord | Canadian Trade Minister Ed Fast said negotiations on a free trade pact with the European Union have built momentum and he’s optimistic the two sides are near an agreement. Fast, speaking in an interview at Bloomberg’s headquarters in New York , said negotiators have made progress since European Union Trade Commissioner... |
2024-10-04 | Bloomberg | Canada GDP Forecasts: Bloomberg Monthly Survey | The following table shows economists’ forecasts for Canada ’s gross domestic product as surveyed by Bloomberg News from Sept. 22 to Sept. 29. All figures are expressed at a quarterly annualized rate. ================================================================================ Time period 3Q 4Q 1Q 2... |
2024-10-04 | Bloomberg | Canada Two-Year Bond Forecast: BN Monthly Survey | The following table shows economists’ forecasts for Canada ’s two-year note yield as surveyed by Bloomberg News from Sept. 22 to Sept. 29. All figures are as of the end of the quarter. ================================================================================ Time period 3Q 4Q 1Q 2Q 3Q 4Q 1... |
2024-10-04 | Bloomberg | Canada 30-Year Bond Rate Forecast: BN Monthly Survey | The following table shows economists’ forecasts for the Canada 30-year bond yield as surveyed by Bloomberg News from Sept. 22 to Sept. 29. All figures are as of the end of the quarter. ================================================================================ Time period 3Q 4Q 1Q 2Q 3Q 4Q 1... |
2024-10-05 | Bloomberg | Canada Stocks Rise as Energy Shares, Banks Gain on U.S. Data | Canadian stocks rose for the first time in four days as financial and energy shares advanced on better-than-forecast economic reports from the U.S. Royal Bank of Canada (RY) , the country’s biggest lender by assets, advanced 1.7 percent. Suncor Energy Inc. (SU) , Canada ’s largest oil and gas producer, gained 8.1 perce... |
2024-10-04 | Bloomberg | Canada Three-Month Bill Forecast: BN Monthly Survey | The following table shows economists’ forecasts for Canada ’s three-month bill yield as surveyed by Bloomberg News from Sept. 22 to Sept. 29. All figures are as of the end of the quarter. ================================================================================ Time period 3Q 4Q 1Q 2Q 3Q 4Q ... |
2024-10-04 | Bloomberg | Canada Ten-Year Bond Forecast: BN Monthly Survey | The following table shows economists’ forecasts for the Canada ten-year bond yield as surveyed by Bloomberg News from Sept. 22 to Sept. 29. All figures are as of the end of the quarter. ================================================================================ Time period 3Q 4Q 1Q 2Q 3Q 4Q ... |
2024-07-23 | Bloomberg | Rupiah Falls Most in 13 Months as Controls Ease; Bonds Surge | Indonesia ’s rupiah plunged the most in 13 months in onshore trading as Bank Indonesia allows a more rapid slide toward levels quoted in the offshore market. The yield on 10-year government bonds fell the most since 2011. The rupiah dropped 1.3 percent to 10,200 per dollar as of 4:15 p.m. in Jakarta, according to price... |
2024-07-23 | Bloomberg | Canada May Retail Sales Gain Fastest in 3 Years on Autos | Canadian retail sales rose at the fastest pace in three years in May on gains in almost every category, led by automobiles. Sales increased 1.9 percent to a record C$40.4 billion ($39.1 billion), Statistics Canada said today in Ottawa. The gain was almost double the highest forecast in a Bloomberg survey of 20 economis... |
2024-08-30 | Bloomberg | Birla Sun Life Raises Cash Holdings as India Enters Bear Market, CIO Says | Birla Sun Life Asset Management Co., India ’s fifth-biggest money manager, increased its cash level as the nation’s stocks entered a bear market this month amid a rout in global equities. Birla Sun Life, which raised its cash holdings to about 8 percent from 5 percent three months ago, may use the funds to “catch certa... |
2024-08-30 | Bloomberg | Reynolds Returns 39% Managing No. 1 Fund Buying Global Stocks | Mutual-fund manager Frederick “Fritz” Reynolds lives in Maui, Hawaii , and Las Vegas. The Maui home was his choice. He decided to buy in Vegas earlier this year partly because he couldn’t pass up the gleaming one-bedroom apartment overlooking the Strip that was being offered at a 75 percent discount from the price it w... |
2024-11-28 | Bloomberg | CIMB Said to Consider Sale of Stake in Aviva Venture | CIMB Group Holdings Bhd. (CIMB) , Malaysia’s second-largest bank, is considering selling its 51 percent stake in an insurance joint venture with Aviva Plc (AV/) , said four people with knowledge of the matter. Prudential Plc (PRU) , Sun Life Financial Inc. and Manulife Financial Corp. (MFC) have made final offers to bu... |
2024-07-24 | Bloomberg | Crude Tumbles Most in More Than a Month on U.S. Output | West Texas Intermediate crude fell the most in more than a month as U.S. output surged to a 22-year high last week and Chinese manufacturing contracted more than economists estimated. Futures slid 1.7 percent after the Energy Information Administration said crude production rose 0.9 percent to 7.56 million barrels a da... |
2024-10-03 | Bloomberg | Canadian Stocks Slide as Copper and Oil Drop on Europe Concerns | Canadian stocks fell, led by energy companies and banks, as Europe’s finance leaders prepared to weigh the risk of a Greek debt default. Suncor Energy Inc. (SU) , Canada ’s biggest oil and gas producer, lost 5.5 percent after crude oil fell to the lowest level in more than a year. Teck Resources Ltd. (TCK/B) , Canada’s... |
2024-04-03 | Bloomberg | WTI Crude Drops Most This Year as Oil Stockpiles Gain | Crude tumbled the most in 2013 after the government reported U.S. oil stockpiles increased to the highest level in more than 22 years. West Texas Intermediate’s discount to Brent reached a nine-month low. Futures in New York fell 2.8 percent as the Energy Information Administration said supplies rose 2.71 million barre... |
2024-04-03 | Bloomberg | India’s Nifty Futures Drop, Signaling Shares May Snap 4-Day Gain | Indian (SENSEX) stock-index futures dropped, signaling benchmark indexes may snap a four-day advance. SGX CNX Nifty Index futures for April delivery lost 0.5 percent to 5,741.5 at 10:02 a.m. in Singapore. The underlying CNX Nifty (NIFTY) Index rose 0.8 percent to 5,748.10 yesterday, its highest close in two weeks. The ... |
2024-04-03 | Bloomberg | Canada Stocks Fall for Third Day Amid Concern Over Global Growth | Canadian stocks fell for a third day, sending the benchmark index to its longest losing streak since February, as worse-than-estimated U.S. data spurred concern over global economic growth. Nine of 10 industry groups in the Standard & Poor’s/TSX Composite Index (SPTSX) declined, with financial and energy companies cont... |
2024-03-14 | Bloomberg | Philippines Lowers Special Deposit Account Rate, Holds Benchmark | The Philippines refrained from cutting its benchmark interest rate, and instead cut the rate on special deposit accounts for a second time this year as it steps up efforts to curb inflows and restrain currency gains. Bangko Sentral ng Pilipinas kept the rate it pays lenders for overnight deposits at a record-low 3.5 pe... |
2024-03-14 | Bloomberg | Quebecor Drops as Profit Falls, CEO Steps Down: Montreal Mover | Quebecor Inc. (QBR/B) dropped the most in 19 months after reporting quarterly profit that missed analysts’ estimates and saying Chief Executive Officer Pierre Karl Peladeau would relinquish day-to-day responsibilities. Quebecor’s widely traded Class B stock fell 5.2 percent to C$43.66 at 4:28 p.m. today in Toronto, the... |
2024-03-15 | Bloomberg | CN Rail C$5 Billion Line Seen Tied to Iron-Ore Rebound | Canadian National Railway Co. (CNR) will revive a proposed C$5 billion ($4.99 billion) rail line in northern Quebec , a region rich in iron ore, once commodity markets recover, its partner in the project said. Last month’s suspension of a feasibility study for the work is only temporary, Normand Provost, executive vice... |
2024-03-14 | Bloomberg | Philippine Stocks Drop Most in Asia on Valuations: Manila Mover | Philippine stocks fell for a fourth day, poised for the longest losing streak in three months, after valuations climbed to a nine-year high. The benchmark Philippine Stock Exchange Index (PCOMP) sank 1.5 percent to 6,672.91 at the noon break in Manila , the biggest loss among Asian markets. The measure jumped 17 percen... |
2024-03-14 | Bloomberg | Emerging Stocks Fall on Asian Valuations as Jobs Lift ETF | Emerging-market equities dropped for a fourth day, the longest losing streak in five weeks, as declines in Philippine and Indonesian stocks outweighed an unexpected drop in American jobless claims. Bank of the Philippine Islands fell 4 percent in Manila , sending the nation’s benchmark index to its longest stretch of l... |
2024-08-08 | Bloomberg | European Equities Decline for Seventh Day, Entering Bear Market | European stocks dropped for a seventh day to their lowest level since August 2009 as Standard & Poor’s downgrade of U.S. sovereign debt overshadowed the European Central Bank ’s purchase of Spanish and Italian government bonds. Mining companies, carmakers and technology firms paced the selloff amid concern that the low... |
2024-03-08 | Bloomberg | Sun Life Expects Operating Net Income, Return on Equity to Recover in 2015 | Sun Life Financial Inc. (SLF) , Canada ’s third-largest insurer, expects operating income to rise to C$2 billion ($2.02 billion) by 2015 while “maintaining a strong capital and dividend position.” Sun Life also expects to have an operating return on equity of 12 percent to 13 percent, the Toronto-based insurer said tod... |
2024-03-08 | Bloomberg | Canada Joins ECB Keeping Stimulus as Risks Ease | The Bank of Canada today joined its peers in the euro region and U.K. in prolonging monetary stimulus and said the risks are edging toward quicker inflation and away from another global recession. The central bank kept its main interest rate at 1 percent, extending the longest pause since the 1950s, and said there is l... |
2024-02-24 | Bloomberg | Manulife Says India and South Korea ‘Obvious Gaps’ in Asia | Manulife Financial Corp ., Canada ’s largest insurer, wants to expand into South Korea and may consider joint ventures in India to increase its Asian business, said Robert Cook, senior executive vice president and general manager of Asia. “There are two obvious gaps in our portfolio, being India and Korea,” Cook said y... |
2024-02-24 | Bloomberg | Manulife Says India, South Korea ‘Obvious Gaps’ in Asia Strategy | Manulife Financial Corp ., Canada’s largest insurer, is looking to expand into India and South Korea, said Robert Cook, senior executive vice president and general manager of Asia. “There are two obvious gaps in our portfolio, India and Korea,” Cook said today in a telephone interview from Hong Kong. “We are certainly ... |
2024-10-20 | Bloomberg | Canadian Stocks Rise as Metals Rebound; Teck Resources Gains | Canadian stocks rose as metal producers rebounded on a weaker U.S. dollar as investors speculated the U.S. Federal Reserve will take further action to stimulate the economy. Teck Resources Ltd., Canada’s largest base-metals and coal producer, gained 3.2 percent as the U.S. dollar fell against 15 of 16 other major curre... |
2024-06-14 | Bloomberg | TMX Shareholders Say Rival Suitors Need to Sweeten Bids | London Stock Exchange Group Plc (LSE) and the Canadian banks and pension funds battling for control of TMX Group Inc. (X) need to sweeten their bids because the competing cash and stock offers are too similar, investors said. “Right now, the issue is one of price,” Richard Fogler, who helps manage C$1.25 billion ($1.29... |
2024-04-18 | Bloomberg | Indonesia Sells $2.5 Billion of Debt as Borrowing Costs Drop | Indonesia raised $2.5 billion from sales of 10- and 30-year dollar bonds, tapping global investors to spur economic growth for the second time this year after winning investment-grade ratings. The government sold $2 billion of debt due in April 2022 yesterday to yield 3.85 percent, or 184 basis points more than that fo... |
2024-06-13 | Bloomberg | Maple Urges TMX Investors to Reject LSE as It Revises Bid | Maple Group Acquisition Corp. said TMX Group Inc. (X) shareholders must vote against a takeover bid from London Stock Exchange Group Plc (LSE) on June 30 for Maple Group’s rival takeover plan to proceed. Maple Group, which includes 13 Canadian financial-services companies and pension funds, sent documents to TMX shareh... |
2024-06-13 | Bloomberg | VF Rises Most Since 2008 After Agreeing to Buy Timberland for $1.8 Billion | VF Corp. (VFC) , the world’s largest apparel maker, climbed the most since 2008 in New York trading after agreeing to buy hiking-boot company Timberland Co. (TBL) for about $1.8 billion. The per-share price is $43, the companies said today. VF will pay about 12 times Timberland’s earnings before interest, taxes, deprec... |
2024-06-13 | Bloomberg | Maple Group Adds Manulife, Desjardins, for Its TMX Takeover Bid | Maple Group Acquisition Corp. said Manulife Financial Corp. (MFC) and three other Canadian firms joined its C$3.58 billion ($3.65 billion) unsolicited takeover bid for TMX Group Inc. (X) , owner of the Toronto Stock Exchange. The four additional investors, which also include Desjardins Financial Group, Dundee Capital M... |
2024-06-14 | Bloomberg | Canadian Stocks Advance as U.S. Retail Sales Surpass Forecasts | Canadian stocks advanced the most in almost four weeks after the U.S. reported a smaller drop in retail sales than most economists had forecast. Suncor Energy Inc. (SU) , Canada ’s biggest fuel producer, rose 2 percent as crude climbed from a four-week low. Bank of Nova Scotia (BNS) , the country’s third-largest lender... |
2024-10-27 | Bloomberg | Manulife’s Rich Urges Move to Cash, Saying Fed Boost Will Fail | Fund managers should move holdings into cash because stocks may plunge in the event U.S. Federal Reserve stimulus policies fall short of expectations, the head of asset allocation for a unit of Canada’s biggest insurer said. The Fed will announce a policy of securities purchases, known as quantitative easing, next week... |
2024-10-27 | Bloomberg | Berkshire Buys Life Reinsurance Unit From Sun Life | Berkshire Hathaway Inc. agreed to buy a business backstopping life insurance policies from Sun Life Financial Inc. as Chairman Warren Buffett increases bets on reinsurance. The business has about 70 employees in Canada, the U.S. and Ireland, with life insurance in force of about C$113 billion ($109 billion), according ... |
2024-04-27 | Bloomberg | TMX Group Rises on Signs Competition Concerns Easing | TMX Group Inc. (X) , the Canadian exchange owner facing a C$3.73 billion ($3.8 billion) takeover by a group of Canadian banks and pension funds, rallied after an antitrust regulator said its “serious concerns” on the sale may be mitigated by proposed rules governing the bourse. Canada’s Competition Bureau said today it... |
2024-03-30 | Bloomberg | Maple Group Extends Takeover Offer for TMX to April 30 | A group of Canadian banks and pension funds extended their C$3.73 billion ($3.74 billion) offer for TMX Group Inc. (X) until April 30, the sixth delay as it pursues regulatory approvals for its plan to buy the country’s main equities and derivatives markets. The takeover by Maple Group Acquisition Corp. requires approv... |
2024-03-31 | Bloomberg | Indonesian Parliament Approves Conditional Fuel-Price Rise | Indonesia ’s parliament gave the government conditional authority to raise fuel prices, after President Susilo Bambang Yudhoyono’s Democrat Party dropped its push for an April 1 increase. Lawmakers voted 356 to 82 in favor of a proposal by the Democrats to allow an increase if the Indonesia Crude Price, or ICP, exceeds... |
2024-03-30 | Bloomberg | Bombardier Nominates Former Auditor General Fraser to Board | Bombardier Inc. (BBD/B) asked former Canadian Auditor General Sheila Fraser to follow in predecessor Denis Desautels’s footsteps a second time by becoming a corporate director. The world’s third-largest aircraft maker plans to widen its board to 15 members from 14 as Janine Bombardier, the 78-year- old daughter of the ... |
2024-02-23 | Bloomberg | Manulife’s Canizares Recommends Vietnam Consumer Staples Stocks | Mark Canizares, Ho Chi Minh City- based head of equities at Manulife Asset Management Vietnam ), which oversees about $280 million of assets, commented on the Vietnamese stock market by e-mail today. The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, snapped five days of declines, gaining 0.1 ... |
2024-02-15 | Bloomberg | Canadian Stocks Advance as Gold Producers Gain on U.K. Inflation | Canadian stocks rose for a second day as precious-metal futures gained after the U.K. reported its highest inflation rate since November 2008. Barrick Gold Corp ., the world’s largest gold producer, advanced 1.4 percent as the metal climbed to the highest level in almost four weeks. Canadian Natural Resources Ltd ., t... |
2024-04-11 | Bloomberg | VMWare Drops After Saying CFO to Depart | VMware Inc. (VMW) fell the most in three months after the software maker announced a management shuffle including the departure of Chief Financial Officer Mark Peek. VMware fell 2.5 percent to $107.61 at the close in New York, the largest decline since Jan. 13. That trimmed year-to-date gains for the Palo Alto , Califo... |
2024-03-06 | Bloomberg | Canada Stocks Fall on Concern About Greece’s Debt Crisis | Canadian stocks fell the most this year as the U.S. dollar gained and fuels and metals dropped on concern a second bailout of Greece won’t stop the country from defaulting or the global economy from slowing. Suncor Energy Inc. (SU) , Canada ’s largest oil and gas producer, declined 4.3 percent as crude futures retreate... |
2024-10-29 | Bloomberg | Bond Sales Rise to Most Since '07 as Global Issuance Trails: Canada Credit | Bond sales this year by Canadian companies exceeded the totals for 2009 and 2008 and are approaching record levels as companies take advantage of low interest rates to shore up balance sheets. Debt sales from companies such as Rogers Communications Inc. and Manulife Financial Corp. stood at C$62 billion ($61 billion) a... |
2024-03-01 | Bloomberg | Canadian Stocks Rise as Royal Bank, TD Beat Earnings Estimates | Canadian stocks rose as Royal Bank of Canada (RY) and Toronto-Dominion Bank (TD) , the nation’s biggest lenders, paced gains among financial companies after boosting their dividends following higher-than-estimated earnings. Royal Bank gained 2 percent, and TD rallied 1.5 percent. Bombardier Inc. (BBD/B) , a maker of tr... |
2024-04-16 | Bloomberg | Wider Yuan Band Is Good for Dim Sum Bonds Manulife’s Chan Says | Paula Chan and Ronald Chan, managing directors of fixed income at Manulife Asset Management in Hong Kong, comment on the People’s Bank of China ’s widening of the yuan’s daily trading band to 1 percent from 0.5 percent. They made the comments in an e-mailed response to Bloomberg questions today. “The timing of the move... |
2024-04-16 | Bloomberg | Fiera Targets Assets of C$100 Billion: Corporate Canada | Fiera Capital Corp. (FSZ) , the Montreal- based money manager that acquired Natcan Investment Management from National Bank of Canada , plans to double assets by 2016 as the firm adds clients and stocks advance. Fiera’s C$309.5 million ($310 million) acquisition this month boosted assets by 88 percent to about C$55 bil... |
2024-05-05 | Bloomberg | Manulife Financial Profit Falls on Hedging Costs, Japan | Manulife Financial Corp. (MFC) , Canada ’s largest insurer, reported first-quarter profit that fell less than analysts expected as higher premiums in the U.S. and Canada countered claims from the earthquake in Japan. Net income fell 20 percent to C$985 million ($1.02 billion) or 53 cents a share, from C$1.22 billion, o... |
2024-05-05 | Bloomberg | CANADA DAYBOOK: Manulife, Great-West to Report Earnings | Manulife Financial Corp. (MFC) and Great- West Lifeco Inc. are among companies reporting first-quarter results today. WHAT TO WATCH: Canada ’s three largest insurers are set to discuss financial results at meetings and on conference calls today. ECONOMY: * Statistics Canada publishes its building permits report for Mar... |
2024-05-06 | Bloomberg | Canadian Stocks Increase on North American Employment Data | Canadian stocks rose, trimming a second straight weekly decline, after the nation added three times more jobs than economists estimated and U.S. employment also topped projections. Suncor Energy Inc. (SU) , Canada’s largest oil and gas producer, gained 1.7 percent after the U.S. added the most jobs in five years. Manul... |
2024-11-05 | Bloomberg | Sun Life Extends $134 Million Loan for British Columbia Mall | Sun Life Financial Inc. (SLF) , Canada’s third-largest insurer, extended a C$140 million ($134 million) mortgage to the developer of an Abbotsford, British Columbia, mall that has Hennes & Mauritz AB and Wal-Mart Stores Inc. shops. The loan to Shape Properties Corp. for Highstreet Shopping Centre is the largest convent... |
2024-07-31 | Bloomberg | ING Said to Plan Breakup of Asian Insurance Unit in Sale | ING Groep NV (INGA) may break up its Asian life insurance operations and is holding talks with buyers interested in the business in different countries, two people with knowledge of the process said. The company is currently in discussions with Manulife Financial Corp. (MFC) and AIA Group Ltd. (1299) for the Southeast ... |
2024-08-01 | Bloomberg | Vietnam’s Premier Orders List of Weak Banks to Be Public | Vietnam ’s Prime MinisterNguyen Tan Dung ordered a public list of weak banks and details of lenders’ non-performing loans as the government seeks to tackle bad debt that’s undermining the banking system and hurting businesses. The central bank is drafting detailed measures to check bad debt, Nguyen Thi Hong, head of mo... |
2024-06-22 | Bloomberg | Canadian Stocks Decline as U.S. Fed Reduces Growth Forecasts | Canadian stocks fell for the first time in three days after the U.S. Federal Reserve cut its growth forecasts and corn, wheat and copper futures dropped. Bank of Montreal (BMO) , Canada’s fourth-largest lender by assets, declined 1.5 percent after the Fed lowered its 2011 forecast for gross domestic product increase by... |
2024-06-23 | Bloomberg | Canadian Stocks Decline as Trichet Warns of Risks to Stability | Canadian stocks fell for a second day after European Central Bank President Jean-Claude Trichet said the continent is at a “red” level of risk and the U.S. reported an increase in initial jobless claims. Nexen Inc. (NXY) , an oil and gas producer with operations on five continents, dropped 2.1 percent as crude futures ... |
2024-06-22 | Bloomberg | LSE, TMX Sweeten Merger With C$660 Million Special Dividend | London Stock Exchange Group Plc (LSE) and TMX Group Inc. (X) agreed to pay special dividends of C$660 million ($678.9 million) in an attempt to win support for their merger and thwart a rival bid from Canadian banks and pension funds. TMX shareholders will receive a cash dividend of C$4 a share from the combined compan... |
2024-06-23 | Bloomberg | Banks Boost TMX Bid in Attempt to Defeat London Exchange | A group of Canadian banks and pensions raised their offer for the owner of the Toronto Stock Exchange, intensifying a bidding war hours after London Stock Exchange Group Plc (LSE) agreed to pay a special dividend should its takeover of TMX Group Inc. (X) agreement succeed. Maple Group Acquisition Corp., made up of 13 f... |
2024-07-01 | Bloomberg | AIG May Seek to Sell Japan Insurance Units to Help Repay Rescue | American International Group Inc. , the insurer selling assets to repay a U.S. rescue, may seek buyers for its Japanese life units as Chief Executive Officer Robert Benmosche reshapes the firm. The Congressional Oversight Panel and analysts including Suneet Kamath of Sanford C. Bernstein & Co. have said AIG’s Star Lif... |
2024-07-01 | Bloomberg | Manufacturing in U.S. Probably Grew in June as Companies Updated Equipment | Manufacturing in the U.S. probably expanded in June for an 11th consecutive month, powered by gains in exports and business investment, economists said before reports today. The Institute for Supply Management’s factory index fell last month to 59, close to an almost six-year high, from 59.7 in May, according to the m... |
2024-10-26 | Bloomberg | Buffett’s MidAmerican to Develop Canadian Power Projects | Warren Buffett ’s MidAmerican Energy Holdings Co. agreed to fund half the cost of natural gas-fueled power plants built or bought by TransAlta Corp. (TA) in Canada , where the companies say almost $200 billion in new investment is needed during the next 20 years. “At MidAmerican, we have been seeking an entry point to ... |
2024-10-26 | Bloomberg | TD Bank Group Among Canadian Lenders Put on Credit Review | Toronto-Dominion Bank (TD) , the last publicly traded lender rated Aaa by Moody’s Investors Service, was among six Canadian banks placed on review by the ratings firm, which cited high consumer-debt levels and housing prices. Bank of Montreal , Bank of Nova Scotia , Caisse Centrale Desjardins, Canadian Imperial Bank of... |
2024-06-12 | Bloomberg | Yanzhou Gap at Five-Year High Highlights Holiday Tumble | Mainland China stocks resume trading after missing out on a three-day tumble in emerging equities that sent Brazil ’s Ibovespa (IBOV) into a bear market and left Chinese shares traded in Hong Kong at the cheapest level versus the world since 2003. “Chinese shares are likely to drop when markets reopen, though the domes... |
2024-06-12 | Bloomberg | CP All Shareholders Approve 189 Billion Baht Siam Makro Deal | CP All Pcl (CPALL) shareholders approved the Thai retailer’s 189 billion baht ($6.1 billion) acquisition of Siam Makro Pcl (MAKRO) , the country’s biggest ever takeover. About 87 percent of shareholders who attended today’s meeting in Bangkok voted for the proposal, more than the 75 percent required, said Supot Shitgas... |
2024-12-12 | Bloomberg | Sun Life to Stop Selling U.S. Annuities, Cuts 800 Jobs | Sun Life Financial Inc. (SLF) , Canada ’s third-largest insurer, plans to stop selling variable annuities and individual life insurance products in the U.S. and will cut 800 jobs there as it shifts focus to Canada and Asia. The stock had its biggest gain in more than two years. Sun Life expects to record costs of about... |
2024-12-13 | Bloomberg | Zoomlion Biggest Short as Bears Bet China’s Building Binge Will Slow Down | Short sellers have never been so sure that Zoomlion Heavy Industry Science & Technology Co. , China ’s second-biggest maker of construction equipment, will drop as building slows and customers fall behind on payments. Speculators lifted bets against Zoomlion to 22 percent of shares outstanding last month, the highest p... |
2024-04-27 | Bloomberg | Canadian Stocks Decline as S&P Cuts Portugal, Greece Ratings | Canadian stocks fell for the first time in seven days after energy and financial companies dropped as Standard & Poor’s ratings cuts spurred concern that debt defaults in Europe will slow economic growth. Teck Resources Ltd., Canada’s largest base-metals producer, lost 5 percent as S&P cut the rating on Portugal’s deb... |
2024-04-26 | Bloomberg | Covered Bond Sales Poised to Accelerate on Diversification: Canada Credit | Sales in Canada’s $15.2 billion covered bond market are poised to quicken as financial institutions seek to diversify funding sources and investors look for added safety amid potential regulatory changes. Canada’s banks sold $5 billion in covered bonds so far this year, compared with about $6 billion in 2008 and $1.4 ... |
2024-04-26 | Bloomberg | Canada's Dollar Is Near Parity as Traders Await Clarity on Greece Bailout | Canada’s dollar was within a cent of parity with its U.S. counterpart as traders awaited a signal that a bailout of Greece would succeed in preventing a fiscal crisis from spreading, giving a boost to higher-yielding assets. “We need some more certainty regarding Greece,” said Matthew Strauss, senior currency strategi... |
2024-10-19 | Bloomberg | Canada Inflation Was Slower Than Forecast on Natural Gas | Canadian consumer prices advanced less than economists forecast last month, suggesting Bank of Canada Governor Mark Carney doesn’t need to emphasize raising interest rates at next week’s decision. The consumer price index rose 1.2 percent in September from a year ago, matching the August pace, Statistics Canada said to... |
2024-09-01 | Bloomberg | Volatility May Hurt Provincial Sales, Nova Scotia’s Urbanc Says | Volatility in global financial markets is making Canadian provinces think twice before taking advantage of historically low interest rates to issue bonds, according to Peter Urbanc, Nova Scotia’s treasurer. Nova Scotia, known for its lobster and as the birthplace of hockey player Sidney Crosby of the National Hockey Le... |
2024-09-02 | Bloomberg | Canadian Stocks Fall as U.S. Reports Lack of New Jobs in August | Canadian stocks fell, paring a weekly gain for the Standard & Poor’s/TSX Composite Index, after the U.S. said employment was unchanged in August. Canadian Natural Resources Ltd. (CNQ) , Canada ’s second-largest energy company by market value, dropped 3.7 percent as crude oil plunged 2.8 percent. Teck Resources Ltd. (TC... |
2024-02-26 | Bloomberg | Lanco Seeks Investors to Boost Solar Capacity: Corporate India | Lanco Infratech Ltd. (LANCI) , India’s second-biggest non-state power generator, is seeking private- equity investors to help expand its solar capacity fivefold as a coal shortage roils its thermal business and payment defaults by state utilities widen the group’s losses. Lanco needs funds to meet a plan of adding 500 ... |
2024-02-25 | Bloomberg | Canada Stocks Slide, Erasing Early Gains, on Italy Vote | Canadian stocks fell, reversing earlier gains in the final hour of trading, as partial voting results spurred concern about prospects for a stable government in Italy and a worsening of Europe’s debt crisis. Royal Bank of Canada , the nation’s largest lender, slumped 1 percent and Manulife Financial Corp., the largest ... |
2024-07-06 | Bloomberg | Services in U.S. Probably Grew at Slower Pace, Signaling Growth Is Cooling | Service industries in the U.S. expanded in June at a slower pace, indicating the economy started to cool entering the second half, economists said before a report today. The Institute for Supply Management’s index of non- manufacturing businesses, which covers about 90 percent of the economy, fell to 55 from 55.4 in M... |
2024-09-07 | Bloomberg | Canadian Stocks Rise Before Obama Jobs Address; Banks, Oil Gain | Canadian stocks rose for the first time in four days, led by energy and financial companies, as a German court rejected challenges to Europe ’s debt bailout and investors speculated a new stimulus plan will spur U.S. growth. Suncor Energy Inc. (SU) , Canada ’s largest oil and gas producer, gained 3.7 percent as crude f... |
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