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Swiss Lonza buys US diet supplement supplier InterHealth + MORE Aug 15th
BERLIN – Pharmaceutical supplier Lonza of Switzerland says it is buying InterHealth Nutraceuticals, Inc., a California-based company that makes ingredients for use in dietary supplements, in a deal worth up to $300 million.
InterHealth, a portfolio company of Kainos Capital, is based in Benici.... More »
A bubble in pot stocks, David Rosenberg's warning to bulls, and why yield chasers need to be wary + MORE Dec 9th
A roundup of investment ideas for active investors
.... More »
Finance leaders pledge effort to boost global growth Apr 17th
WASHINGTON – Global finance officials are vowing to try to reinvigorate a lacklustre global economy and urging governments to embrace free trade and do more to fight tax evasion.
Concluding biannual meetings by the world finance leaders, the 189-nation International Monetary Fund said in a sta.... More »
The best rewards credit cards in Canada for 2025 Nov 10th
With the right rewards credit card, you can earn points to put towards cash back, travel, financial products, merchandise, gift cards, and even charitable donations. The key to finding the best rewards card is to select one that matches your spending habits and your reward goals.
Below, we .... More »
37% of Vancouverites think real estate market is 'extremely corrupt': report + MORE Dec 13th
According to a Transparency International Canada report on perceptions of domestic corruption, 37 per cent of those living in the Metro Vancouver area would describe the real estate sector as “extremely corrupt.".... 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
