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Ruby Tuesday and Concordia skid; Nordstrom and Sunrun surge + MORE Aug 13th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Friday:
Nordstrom Inc., up $3.82 to $51.38
The department store chain said its anniversary sale results were strong, and it raised its annual profit forecast.
Ruby Tuesday Inc., down 49 cents to $3.24
The restaurant chain re.... More »
Manulife cutting 700 jobs, consolidating Canadian operations Jun 21st
Manulife Financial Corp. said Thursday it plans to cut about 700 jobs in Canada over the next 18 months as it moves to digitize and combine some of its operations..... More »
How RRIF withdrawals work when you have multiple registered accounts Mar 4th
Ask MoneySense
If I convert, say, 50% of my RRSP to RIF, is the mandatory withdrawal calculation based on the converted 50% or the total (unconverted) RRSP and converted RIF? Does Canada Revenue Agency inform me how much I need to withdraw every year from my RIF?
—Jackie
Withdrawals from m.... More »
An investor’s guide to ESG reporting in Canada + MORE Apr 20th
If you want to put your money into sustainable or responsible investments, you have more options on the market now than ever. Not only can you find exchange-traded funds (ETFs) and other funds specifically designed with ESG—environmental, social and governance—factors in mind, but individual com.... More »
Why are stock markets rising? Apr 8th
It’s hard to believe that the first quarter of the year is already finished, but it’s even harder to fathom just how far away the last three months of 2018 now seem. You may have already forgotten, but between October 3 and December 24, global stock markets plummeted, with the S&P 500 fallin.... More »
HSBC reports first half profit up 10 per cent, announces sale of Brazil business
– canadianbusiness.com
HONG KONG – HSBC Holdings PLC, Europe’s biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 per cent. The bank also announced the sale of its Brazil business for $5.2 billion.
Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and London. Revenue rose 4 per cent from a year earlier to $30.8 billion.
“Strong revenue performance across our Asia businesses helped drive increased profits,” said CEO Stuart Gulliver in a statement.
Gulliver cited growth in commercial banking in Hong Kong and Britain and in wealth management in Asia.
Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve major corporate customers.
HSBC operates in 70 countries and has about 51 million customers…
Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and London. Revenue rose 4 per cent from a year earlier to $30.8 billion.
“Strong revenue performance across our Asia businesses helped drive increased profits,” said CEO Stuart Gulliver in a statement.
Gulliver cited growth in commercial banking in Hong Kong and Britain and in wealth management in Asia.
Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve major corporate customers.
HSBC operates in 70 countries and has about 51 million customers…
Seven reasons SmartREIT makes for a wise investment
– theglobeandmail.com
Its attractive yield combined with potential modest unit price appreciation is ideal in this sluggish Canadian economy
