TOKYO (AP) — Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership Thursday, ahead of a shareholders’ meeting next month. Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott Opportunity II Corp., which handles acquisitions and investments, and Eijiro Imai, a…
By Nichola Saminather TORONTO (Reuters) -Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce (CIBC) reported diverging second-quarter performances on Thursday with the former two comfortably beating expectations while the latter missed, all driven largely by provisions for credit losses (PCLs). Royal Bank, Canada’s largest lender, reported higher profit in the three…
By Samuel Indyk LONDON (Reuters) – The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index, which measures the currency against six major peers,…
LONDON (Reuters) – Overseas holders of a Russian sovereign bond that matured last month are seeking a ruling on whether $1.9 million in interest arrears constituted a “credit event” that might allow them to eventually collect a payout on default insurance. The EMEA Credit Derivatives Determinations Committee (CDDC) said on its that holders of the…
(Reuters) – Britain’s competition regulator on Thursday launched its second probe into the advertising practices of Google, saying the Alphabet-owned search giant could be distorting competition and may have illegally favoured its own services. The Competition and Markets Authority’s (CMA) latest probe follows its into Google and Facebook owner-Meta’s “Jedi Blue” agreement earlier this year….
BERLIN (AP) — Germany’s energy and climate minister said Thursday that the Group of Seven wealthy nations can lead the way on ending the use of coal, a heavily polluting fossil fuel that’s responsible for a large chunk of global greenhouse gas emissions. Senior officials from the G-7 countries are holding a three-day meeting in…
DAVOS, Switzerland (AP) — The mayor of Kyiv says he’s grateful to receive calls from the leader of other cities around the world pledging their support for rebuilding the Ukrainian capital. Speaking Thursday at the World Economic Forum’s meeting in Davos, Switzerland, Vitali Klitschko says the support is important but “first of all, right now,…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity in economic policy through his picks for central bank governor and finance minister on Thursday by adding familiar faces to his cabinet. Marcos announced central bank chief Benjamin Diokno would become his finance…
DAVOS, Switzerland — German Chancellor Olaf Scholz has reiterated his conviction that Russian President Vladimir Putin won’t win the war in Ukraine. “He has already failed to achieve all his strategic goals,” Scholz said Thursday in his speech at the World Economic Forum’s annual meeting in Davos, Switzerland. The chancellor said that “a capture of…
DAVOS, Switzerland (AP) — German Chancellor Olaf Scholz expressed hopes Thursday for global cooperation on climate change, hunger and war, while dozens of climate activists demonstrated in the Swiss town of Davos as a meeting of global elites ended with many words but little concrete action to solve the world’s most pressing crises. The German…
