Risk & Compliance
-
EU fines banks over US$1B over foreign-exchange cartel
Barclays, Royal Bank of Scotland, Citigroup and JPMorgan were fined over 811 million euros for collaborating in a cartel dubbed “Forex – Three Way Banana Split”
-
Transat AT Inc. announces exclusivity agreement with Air Canada for its acquisition
The deal is valued at approx. $520 million or $13.00 per share of Transat. Control of Transat A.T. Inc. will remain in Quebec.
-
China’s economic activity weakens amid tariff war
Forecasters say damage might spread beyond export-driven manufacturing industries if consumer and business confidence suffers
-
U.S. industrial production down 0.5% in April
Manufacturing output fell 0.5%, led by a 2.6% decline in motor vehicles and parts. Industrial output – reflecting total production at factories, utilities and mines – dropped 0.5%
-
China formally arrests two detained Canadians in case linked to Huawei [UPDATED]
Michael Kovrig and Michael Spavor have been arrested for allegedly stealing state secrets, but no other details were given
-
Restaurant Brands plans to grow to more than 40K restaurants in the coming years
The parent company of Tim Hortons, Burger King and Popeyes currently has about 26,000 restaurants
-
Heating up: Investors’ green targets go beyond just big oil
As the earth gets warmer, shareholders with the environment in mind are widening their focus and increasingly targeting consumer businesses
-
Shaw Communications selling its stake in Corus Entertainment for $548M
The sale represents a roughly 38% stake in Corus. Shaw said the money from the sale will be used for general corporate purposes
-
American Express buys restaurant reservation service Resy
This is AmEx’s third acquisition of dining industry platforms in less than two years
-
Canadian inflation rises in April; gas prices strengthen from carbon pricing
Consumers paid more for mortgage borrowing costs, fresh vegetables and autos last month, as well as for gas
