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8.27.13: Canadian banks prove they’re just as profitable as ever 27 Aug 2013 | 06:58 pm
Sign up for the Executive Summary email briefing to get the news delivered straight to your inbox first thing in the morning. Scotiabank has increased its quarterly dividend by two cents to 62 cents ...
McDonald’s Holdings Co Japan picks Canadian to fix sales and profit drop 27 Aug 2013 | 06:47 pm
TOKYO — McDonald’s Holdings Co (Japan) Ltd replaced on Tuesday the president and CEO of its operating company after its first-half sales and profits dropped as higher prices put off customers. Sarah ...
Billabong says its 40-year-old surf wear brand is worthless after losses triple amid store closure and firings 27 Aug 2013 | 06:16 pm
Billabong International Ltd. said its 40-year-old surf brand was worthless after the company’s losses tripled amid store closures, firings and a breach of debt terms. The stock fell the most in almost...
Detainment of potash boss ‘crosses every line,’ Russia says in warning to Belarus 27 Aug 2013 | 05:57 pm
Russia pressured Belarus to free Vladislav Baumgertner, the head of OAO Uralkali, the world’s biggest potash producer, saying a refusal may harm relations as the smaller nation faces a funding crunch....
Brent rises to six-month high on Syria clash, Libyan supply loss 27 Aug 2013 | 05:36 pm
Brent crude rose to its highest level in six months after the U.S. said it will hold Syria’s government accountable for the use of chemical weapons, while Libya’s production slumped amid protests. Fu...
China investigates more top PetroChina officials over corruption 27 Aug 2013 | 05:17 pm
BEIJING/HONG KONG — A high-level government probe into corruption at China’s leading oil and gas firm widened on Tuesday, with three additional senior officials at the state-run giant being investigat...
Scotiabank hikes dividend as profit just tops estimates 27 Aug 2013 | 05:04 pm
TORONTO — Scotiabank has increased its quarterly dividend by two cents to 62 cents per share even as the bank reported a decline in third-quarter net income and a slight rise in revenue. Canada’s mos...
Saudis offer Russia secret oil deal if it drops support for Syrian regime 27 Aug 2013 | 05:04 pm
LONDON — Saudi Arabia has secretly offered Russia a sweeping deal to control the global oil market and safeguard Russia’s gas contracts, if the Kremlin backs away from the Assad regime in Syria. The ...
Canadians’ homes are getting less affordable, but we still keep buying 27 Aug 2013 | 04:27 pm
OTTAWA — Home ownership has become less affordable for the average Canadian, but that hasn’t stopped many from jumping into what may already be an overpriced market, suggests a new report from the Roy...
BMO beats the Street with 17% profit gain 27 Aug 2013 | 04:04 pm
TORONTO — The Bank of Montreal says it earned $1.13 billion in adjusted net income in the third quarter, or $1.68 per share. The bank’s net income was up 17% from $970 million in the same quarter a y...
