Banking and Finance

Dollarama (DOL.TO) shares surged over 8% on Wednesday, driven by a boost in sales from budget-conscious shoppers purchasing household essentials. CEO Neil Rossy noted that the challenging economic climate is also attracting wealthier customers who typically wouldn't shop at the discount retailer's stores. Montreal-based company reported a 4.7% increase in...

The combined economic output of the BRICS+ countries is projected to surpass that of the G7 nations by 2045, according to a global economic forecast by the Economist Intelligence Unit (EIU), the research arm of The Economist Group. The forecast indicates a narrowing gap between these two economic blocs over...

Mike Sneesby, Chief Executive of Nine Entertainment, is set to step down within weeks following a challenging year for the company marked by allegations of misconduct and bullying in its newsrooms. The broadcaster and publishing giant announced to the ASX that both Sneesby and the board had agreed it was...

Norfolk Southern announced Wednesday that it had dismissed CEO Alan Shaw due to an inappropriate relationship with a subordinate. The decision came just days after the company's board began investigating Shaw over alleged ethical misconduct, concluding two challenging years in his leadership role. The Atlanta-based railroad revealed that Shaw's relationship...

Schroders has officially announced Richard Oldfield, the company’s current chief financial officer, as the successor to Peter Harrison in the role of chief executive officer. The transition was confirmed in a stock exchange filing on 10 September. Peter Harrison had disclosed his plans to retire in April, triggering a comprehensive...

Dubai’s property market is experiencing another record-breaking year in 2024, with sales and property values surging, according to local real estate firms. The city’s booming demand, particularly in the luxury segment, is driving up prices across the board, as the UAE is on track to become the world’s top destination...

Following Verizon's announcement of its acquisition of Frontier Communications, speculation about a new race for fiber assets has surged. Yesterday, AT&T and BlackRock responded with news of an expanded plan for their Gigapower fiber joint venture, while AT&T also revealed four new partnerships aimed at accelerating its fiber network growth....

Hong Kong-based conglomerate CK Hutchison is preparing to raise up to $1.5 billion through a two-part US dollar bond issuance, according to sources familiar with the matter. The company is targeting 5.5-year and 10-year bonds, as outlined in a term sheet shared on Tuesday, September 10. Initial pricing guidance for...

Gitte Gard Talmo, the Chief Executive Officer of Norwegian offshore vessel owner Eidesvik Offshore, has announced her resignation after more than two decades with the company. Talmo is stepping down to pursue a new position with an international company abroad. Eidesvik Offshore confirmed the news in a statement, acknowledging Talmo's...

The Atlanta Police Foundation recently confirmed the passing of Walt Ehmer, the president and CEO of Waffle House, at the age of 58. The foundation shared the news on September 8, expressing profound sorrow over his death. In a statement posted on social media, the foundation reflected on Ehmer’s unwavering...