The Daily

Russia claimed the US was behind a drone strike on the Kremlin early Wednesday that it has blamed on Ukraine, but provided no evidence for either assertion

CVS Health Corp. cut its earnings forecast for the year as it looks to pay for two major acquisitions that are central to its strategy of broadening its health-care services

American Airlines Group Inc. said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season

American Airlines Group Inc. said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season

April 26, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd. raised the cost of building its flagship copper mine in Chile once again as the Canadian company released results ahead of a crucial shareholder vote Wednesday. Teck said a delay in commissioning its Quebrada Blanca 2 project, as well as foreign-exchange impacts, meant the total cost of [...]

April 25, 2023 Daily Market Commentary Canadian Headlines The Ontario Teachers’ Pension Plan is closing down an Asia equity investment team in Hong Kong, resulting in the loss of five jobs. The C$247 billion ($182 billion) fund is shutting the country-focused stock picking teams in Asia, and will concentrate that work from its Toronto head office, according to a [...]

April 24, 2023 Daily Market Commentary Canadian Headlines Glencore Plc’s attempt to seal mining’s biggest deal in a decade has thrust Chief Executive Officer Gary Nagle into center stage. Little known outside Glencore before taking the job nearly two years ago, the energetic South African is pursuing one of mining’s most unattainable targets, in a bitter brawl [...]

April 21, 2023 Daily Market Commentary Canadian Headlines Brookfield Asset Management Ltd. has submitted a £2.1 billion ($2.6 billion) takeover proposal for Middle Eastern credit card processor Network International Holdings Plc, topping a rival buyout consortium. The Canadian investment giant made a “highly preliminary,” non-binding proposal of 400 pence per share, Network said in a statement Friday, confirming an [...]

April 20, 2023 Daily Market Commentary Canadian Headlines Sumitomo Metal Mining says it will vote in favor of Teck Resources’s plan to split its businesses at the Canadian company’s annual shareholder’s meeting on April 26 amid a takeover proposal from Glencore. Says it “confirms its continuous support for Teck’s plan” to split its base metal and steelmaking [...]

April 19, 2023 Daily Market Commentary Canadian Headlines Glencore Plc said it’s willing to raise its bid for Teck Resources Ltd. in the latest attempt to sway shareholders and pressure Teck’s board, with just one week to go before a pivotal vote on the Canadian miner’s future. The companies have spent the past few weeks in a bruising [...]