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9:48 am

Royal Bank Q2 profit beats expectations on solid domestic banking, capital markets

Royal Bank of Canada (TSE:RY), the largest Canadian lender, posted a 14 percent rise in its fiscal second-quarter, aided by stronger earnings in its domestic-banking and capital markets operations. Net income climbed to C$2.5 billion, or C$1.68 per share, for the three months ended April 30, from C$2.2 billion, or C$1.47 per share, a year earlier.

Breaking News

Wednesday, May 27, 3:57 pm

Carpathian Gold receives mining license for Rovina Valley project in Romania

Shares of Carpathian Gold (TSE:T.CPN) doubled on Wednesday, trading at C$0.015 cents on record volumes, after the Romanian National Agency for Mineral Resources granted its Samax Romania SRL sub...


8:49 am

Premier African Minerals CEO: We’ll be a mining company next week

The chief executive of Premier African Minerals (LON:PREM), George Roach, remains confident the business will become a fully-fledged mining company by the end of next week. Speaking to Proactive, the CEO reassured in...


  • U.S. stock-index futures trade lower as Greece worries reignited

    U.S. stock-index futures pulled back today as hopes receded that a rescue-for-reforms deal for crisis-struck Greece was nearing. Futures for the Dow Jones Industrial Average fell 0.2 percent to 18,112, while those for the S&P 500 index dropped 0.1 percent to 2,118. Futures for the Nasdaq 100 index gave up 0.1 percent to 4,538.

  • Wall street picks up on hopes Greece will avoid defaulting; Tiffany, TiVo gain

    U.S. stocks rallied as technology and healthcare stocks gained and as investors hoped that Greece would avoid defaulting on its debt. The S&P 500 (INDEXSP:.INX) rose 1 percent to 2,125 at 3:41 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) increased 0.8 percent to 18,181, while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) jumped 1.5 percent to 5,106. 

  • General Electric said to be in talks to sell fleet financing unit to Canadian Element

    General Electric wants to cut its reliance on its finance businesses, except for those backing the aircraft and other industrial units

  • TSX rises as BMO, NBC report stronger earnings, hike dividend

    Canadian shares rose after Bank of Montreal and National Bank of Canada reported better-than-expected earnings and announced dividend increases. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,110.50 at 12:56 p.m. in Toronto. Three shares advanced for every two issues that declined as six out of the ten main share groups were in the positive territory.

  • Priceline to hike stake in China’s to 15%

    Priceline Group (NASDAQ:PCLN), a travel websites operator, will invest an additional $250 million in Chinese online travel company International (NASDAQ:CTRP) to tap the fast-growing China market. Shanghai-based Ctrip will issue convertible bonds to Priceline for the investment, the companies said in a statement today.

  • Amazon could pay higher taxes in Europe after renouncing reporting in Luxembourg

    As of May 1, Amazon said it has declared its revenues in UK, Germany, Spain and Italy instead of Luxembourg as it did before this date.

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