Banking industry
As ABN Amro's China fund joint venture, ABN Amro TEDA Fund Management, looks to expand its capital base, it is positioning itself to tap into new business opportunities in the increasingly open Chinese market. The joint venture, which was formed in 2003, has recently undergone a change in
Financial markets
The Canadian bond market experienced significant losses across all maturities on March 2, 1995, after being affected by a series of negative rumors throughout the day. Speculation circulated that a large Japanese government agency would be selling Canadian bonds, causing concern among traders. The situation was further complicated by rumors
Financial markets
Investors are seeking safer assets, causing Canadian government bonds to rally yesterday. The rally in U.S. Treasury bonds, coupled with the uncertainty surrounding the global financial market, driven by the collapse of Barings PLC bank in Britain, led to increased demand for Canadian bonds. According to Samuel Kahan, chief
Financial markets
As Wall Street entered the new year, stock traders and investors were met with far less certainty and optimism than they did a year ago, with many analysts predicting a potential stealth recession in the second quarter of 1995. The Dow Jones industrial average closed the year at 3,834.
Financial markets
The US stock market experienced a modest rise in trading volumes yesterday, with the Dow Jones industrial average increasing by 28.26 points to 3,861.69 and the Standard & Poor's 500 index rising 2.64 points to 462.47. Meanwhile, the bond market showed some worrying
Financial markets
A mixed performance in the New York and Toronto equities markets yesterday saw investors grappling with concerns over rising interest rates. Despite an initial rally, the pressure from bonds eventually led the markets to turn southward. The Dow Jones industrial average closed at 3,741.92, a 3.7-point drop
Financial markets
The Bank of Canada is poised to raise its benchmark interest rate by 30 basis points, mirroring recent US rate increases. The decision comes as the Canadian economy continues to show signs of strength, with job creation remaining vigorous and financial markets anticipating further US rate hikes. The Bank of
Financial markets
IBM Canada Ltd. has submitted a $130 million bid, or $13 a share, for the 48% of ISM Information Systems Management Corp. it does not already own. The bid, however, falls short of the current market price of $13.75 per share. Analysts predict that the stock will continue to
Financial markets
Labatt's ambitious plan to spin off its sports and entertainment holdings, valued at over $1 billion, is facing significant hurdles, including the ongoing baseball strike and the National Hockey League lockout. The uncertainty has left Labatt's management scrambling to address investors' concerns and adjust its
Financial markets
The Canadian and U.S. bond markets recently experienced a shift in investor sentiment, with U.S. bonds showing significant gains and Canadian bonds remaining relatively unchanged. According to industry analysts, investors are reallocating their portfolios to increase exposure to bonds and decrease their equity holdings. This shift has led
Financial markets
The Australian share and bond markets have had a tumultuous ride in recent months, with both suffering significant losses. However, unlike in the past, the two markets have not fallen in tandem, leading some to wonder what is driving this divergence. According to Paul Dyer, an asset allocation specialist at
Financial markets
The aftermath of the 1980s financial excesses led to a period of stagnation, but the economic cycle has turned up again, with most countries firmly back on a growth track. Despite rising interest rates, bond markets offer new opportunities, particularly in the Far Eastern economies, where growing capital demands will
