Scotiabank Earnings Miss Estimates as Lending Margin Shrinks
Bank of Nova Scotia missed analysts’ estimates as lending margins shrank from a year earlier and the company increased provisions for potentially souring loans.
Bloomberg Business
Spanish Football’s Pay Inequality Faces Government Investigation
Spain’s Labor Ministry has sent letters to football clubs across the country as a first step of a wider campaign to investigate the salary gap between male and female players.
UK to Scrap EU Pollution Rules to Boost Housebuilding
The UK government pledged to rip up environmental rules protecting waterways that were inherited from the European Union, in a bid to boost housebuilding.
Thai Billionaire’s Big C Delays $1 Billion IPO Citing Markets
Big C Retail Corp., a supermarket and convenience store company controlled by Thailand’s richest person, postponed a planned initial public offering, citing market conditions.
Andreessen-Backed India Crypto Exchange Reduces Workforce
Indian cryptocurrency exchange CoinSwitch cut jobs at its customer support team following a drop in client queries on the platform.
Saudi Shift in Investment Priorities Pushes Reserves to 2009 Low
Saudi Arabia’s foreign reserves dropped by over $16 billion last month, as the kingdom sets aside less for the central bank and funnels a greater share of its oil wealth into riskier holdings.
Move Over, San Francisco: The Suburbs of Silicon Valley Are Calling
San Francisco’s Westfield mall was for decades the city’s premier shopping destination, a nine-story complex in the heart of downtown known for its iconic glass dome and spiral escalators.
Credit Suisse’s Banker to Russian Billionaires Retained by UBS
Credit Suisse’s go-to banker for Russian billionaires has been retained by UBS Group AG, in one of the highest-profile moves yet for the merged bank’s wealth management business.
Japan Warns China of WTO Action as Fukushima Spat Worsens
Japan may take World Trade Organization action against China, which banned all Japanese seafood imports in response to Tokyo’s release of treated wastewater from the wrecked Fukushima nuclear plant into the ocean.
Hurricane Idalia Barrels North as Florida Girds for Disaster
Hurricane Idalia is set to intensify into an “extremely dangerous” major storm, bringing life-threatening winds and floods, as it barrels north toward Florida’s Gulf Coast.