National Bank Slides on Credit, Trading-Driven Earnings Miss
National Bank of Canada’s profit slipped as it increased set-asides for risky loans, trading revenue tumbled and expenses rose. The shares fell to the lowest since early July.
National Bank of Canada’s profit slipped as it increased set-asides for risky loans, trading revenue tumbled and expenses rose. The shares fell to the lowest since early July.
The rand dropped, underperforming most emerging-market peers, and yields on South African local-currency bonds rose after data showed the government ran a record budget deficit in July.
Johnson & Johnson cut its guidance for 2023 adjusted profit after separating the Kenvue Inc. consumer health company.
South Africa’s government intends to shut down the Department of Public Enterprises, which oversees seven of the biggest state companies, when a new administration takes office after elections in about a year’s time.
TV Azteca SAB agreed to negotiate with US bondholders owed $400 million after a US judge warned the second biggest broadcaster in Mexico that it could be forced to participate in a bankruptcy case in New York.
Visa Inc. and Mastercard Inc. are planning to boost the fees that many retailers pay when accepting customers’ credit and debit cards.
Indeed Inc. will pay $10,000 to help transgender workers move to states where they feel safer
Pending purchases of US previously owned homes unexpectedly rose in July, a respite in an otherwise lackluster resale market bogged down by high financing costs and prices.
Stockpiles of orange juice in Brazil, the world’s top exporter, have reached the lowest in 12 years in a looming sign of a global shortage as Florida’s production declines and faces threat from what’s shaping up to be a concerning hurricane season.
Elon Musk hoped to start handing over pickups around the end of this quarter. He’s not yet ready to offer dates, pricing or other key details.