Toronto futures crept higher on Thursday, pushed by oil prices, while Canadian big banks’ quarterly earnings kicked off on a mixed note as Royal Bank of Canada beat profit estimates, while Toronto-Dominion Bank missed analyst expectations.
Subway has agreed to sell itself to private equity firm Roark Capital in a deal valuing the sandwich chain at more than $9 billion, sources said, ending a long-drawn auction that saw several bids from private equity firms.
The New Development Bank created by BRICS countries in 2015 can help finance African countries’ projects to tackle their most urgent challenges, the bank’s president Dilma Rousseff said on Thursday.
Germany’s Covestro should engage in formal takeover talks with Abu Dhabi National Oil Co (ADNOC) in the interest of its shareholders, two top-15 investors of the plastics and chemicals maker told Reuters.
Brazil is set to overtake the U.S. this year as the world’s top corn exporter, reflecting both a bumper harvest and logistical breakthroughs such as the consolidation of northern export routes, which are boosting the competitiveness of the South American grains powerhouse.
Toronto-Dominion Bank on Thursday reported a drop in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover losses from borrowers who might fall behind on loan payments.
Dollar Tree forecast annual profit largely below estimates on Thursday, owing to higher costs and a shift in spending towards lower-margin consumables.
Federal Reserve Chair Jerome Powell historically has come to the influential economic symposium held each August in Jackson Hole, Wyoming, with an urgent task in mind – whether debuting a new way of conducting monetary policy or schooling wayward markets.
