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UBS reaches agreement to buy Credit Suisse after upping offer: report
The Swiss government is reportedly set to announce a deal Sunday that will allow UBS, the largest bank in Switzerland, to buy its beleaguered rival, Credit Suisse, for $2 billion, according […] This post is only…
SVB: Lessons from a bank run
A century ago, when a place not yet called Silicon Valley was mostly known for its abundant fruit orchards, the economist Alfred Marshall wrote as good a description as you’ll […] This post is only…
Economic Calendar: Mar 20 – Mar 24
Monday, March 20Germany producer price index for February; UK housing prices830 am ET: Canadian new motor vehicle sales for January. They are expected to be up 8.5% year over year.Earnings […] This post is only…
Gold sparkles in tumultuous week for markets
PUBLISHED FRI, MAR 17 Gold prices surged Friday as a wave of banking crises shook markets in bullion’s biggest weekly rise in four months, while bets solidified for a less aggressive […] This post is only…
Europe stocks log worst week of the year as Credit Suisse rattles sentiment
European stocks rounded off a turbulent week with a negative session on Friday, despite announcements that Credit Suisse and First Republic Bank would receive financial help designed to prevent a […] This post is only…
Canadian Government Orders IMO To Contain Tailings Leak
Baystreet.ca – Tue Mar 14, 5:10AM CDTThe federal government of Canada has ordered Imperial Oil, the operator of the Kearl oil sands project, to contain a leak of tailings water that […] This post is only…
Nat-Gas Prices Sink on the Outlook for Milder U.S. Temps
Fri Mar 17, 2:39PM CDTApr nat-gas Friday sold off to a 3-week low and closed sharply lower. Nat-gas prices fell on a milder U.S. weather outlook that would reduce heating […] This post is only…
Oil prices dive to 15-month lows on bank fears
PUBLISHED THU, MAR 16Oil prices took a dive on Friday, reversing early gains of more than $1 a barrel and falling by more than $3, as banking sector fears set […] This post is only…
Alimentation Couche-Tard Inc. Reports Earnings Of US$737M In Third Quarter
Alimentation Couche-Tard Inc. says it earned US$737.4 million in its third quarter ended Jan. 29, down 1.2 per cent from a year earlier.The Laval, Que.-based company says earnings per diluted […] This post is only…