German and Italian leaders have issued a new pledge to protect the Eurozone, with the Eurogroup chairman saying officials have no time to lose when it comes deciding what measures are required.
The International Monetary Fund (IMF) is casting Canada as a shining star in an otherwise questionable global economic environment.
Desjardins Financial Security has reported a $6-million dip in year-over-year first quarter net income.
RBC is in talks to remove itself from troubled European bank Dexia, with a proposal to buy the 50% of RBC Dexia Investor Services the Canadian bank doesn’t already own. Luxembourg Finance Minister Luc Frieden told reporters on Monday that RBC has right of first refusal and is in “advanced” negotiations with Dexia. The struggling […]
McGraw-Hill Cos. is set to split into two public companies, with one focused on education and the other on capital markets. The decision follows a yearlong review of the company’s business. Investors—including the Ontario Teachers’ Pension Plan (Teachers’)—have been pushing the New York company to boost its stock price, which has dropped by more than […]
Maple Group says its plan to acquire TMX Group is still on track, despite falling share prices for the Toronto Stock Exchange operator. Maple Group, which includes the Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan, among other pension funds and financial institutions, said it is working with regulators, management and stakeholders on […]
The Canada Pension Plan Investment Board and U.S. investment bank Goldman Sachs Group Inc. are planning to join private equity firm MBK Partners in a bid for South Korea’s Woori Finance Holdings Co. Ltd., reports Reuters. Yoon Jong-ha, partner and head of MBK’s Korean operations, has said MBK had completed fundraising and would submit a […]