Capital Markets News
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Edmund Kim joined ONCAP Management Partners in Toronto as a director from M/C Partners in Boston where he was vice president, according to Vlaad and Co., a Toronto-based financial services recruiting firm.
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Treasuries declined after a measure of consumer confidence in May reached an almost six-year high and an index of leading economic indicators topped forecasts, as Federal Reserve officials debate the pace of asset purchases.
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Aruba Networks Inc. fell the most in in more than five years after the maker of wireless-network equipment forecast quarterly results that trailed analysts’ estimates amid increased competition from Cisco Systems Inc.
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Telus Corp.’s purchase of mobile- phone provider Mobilicity and the potential sale of another new entrant, Wind Mobile, is casting doubt on Canada’s ability to increase competition in the wireless market.
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Treasury 10-year note yields traded at almost the lowest level in almost a week as Federal Reserve officials debated the pace of asset purchases amid mixed economic data.
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Diamond prices will rise an average 6 percent a year through 2020 as tight supply is unable to meet growing demand in China and India, BMO Capital Markets said.
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Fiat SpA’s deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. sparked concern among Italian unions and politicians about the plans of the country’s biggest manufacturer.
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Slaughter & May and Latham & Watkins LLP advised Thomas Cook Group Plc, the 172-year-old tour operator that required an emergency loan 18 months ago, on plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.
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Indian stock-index futures gained, signaling benchmark indexes may extend a rally after climbing to the highest since November 2010 yesterday, as overseas funds continued record purchases of local shares.
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Walter J. O’Brien III, head of equity sales and trading at BB&T Corp. and a mentor to finance-minded graduates of his alma mater, the University of Richmond in Virginia, has died. He was 46.
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