Bank of America Corp said net income declined 41% to US$3.41-billion, or 72 cents a share, from US$5.76-billion, or US$1.28, a year earlier. That beat the 54-cent average estimate of analysts surveyed by Bloomberg.
Read full story
A month after it was revealed that Bank of Nova Scotia has
lost its stranglehold on Jamaica’s financial services market amid
rising competition from other Canadian-owned banks, Scotiabank
Jamaica is unexpectedly parting ways with its long-serving CEO,
sparking speculation in the island’s press about reasons for the
sudden change of leadership.
Read full story
Electrical power generator TransAlta Corp. has been offered a $7.8-billion buyout from private-equity firms Luminus Management LLC and Global Infrastructure Partners.
Read full story
Toronto’s main stock market index climbed 1% at the open on Monday before giving back some gains, as a takeover bid for TransAlta Corp and stronger-than-expected results from Bank of America soothed worries over the global credit crunch.
Read full story
Canadian National Railway reported on Monday that net income fell 11% in the second quarter, as the strong Canadian dollar dented earnings.
Read full story
Oil rose Monday as Tropical Storm Dolly barrelled into the Gulf of Mexico, stoking concerns of disruptions to U.S. offshore oil and gas production.
Read full story
Industry Canada’s month-long wireless spectrum auction concluded this morning, radically changing the outlook of the Canadian telecommunications industry.
Read full story
Apple Inc. on Monday projected fourth-quarter earnings below Wall Street targets despite a better-than-expected third-quarter profit on brisk sales of its Macintosh personal computers.
Read full story
AFPFood, energy costs push up Hong Kong inflationAFP - 8 hours agoInflation is on the march across Asia, driven up by soaring fuel and food costs, raising fears that it will curb consumer spending, hit business profits and …Hong Kong June CPI up 6.1 percent year-on-year UPDATE ForbesHong Kong CPI inflation rises above expectations in June RTT NewsThomson Financial News ForbesAFPall 28 news articles
Read full story
AFPASEAN ministers commit to speeding up integrationXinhua, China - 3 hours agoASEAN said in Monday's statement that it warmly welcomed the impending accession by the DPRK to the Treaty of Amity and Cooperation in Southeast Asia (TAC) …Southeast Asia tackles food, energy security Reuters IndiaLEAD: ASEAN ministers make efforts to tackle soaring food prices+ TMCnetNKorea to sign non-aggression pact with ASEAN: diplomat ABS CBN NewsAFPall 108 news articles
Read full story