Macquarie Capital News
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Canadian life insurance stocks led by Manulife Financial Corp. are outperforming banks by the most in more than two decades as they gain from business abroad while lenders face slower consumer borrowing.
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Iron ore will rally to average $120 a metric ton as China rebuilds inventories in the year’s second half, rebounding from a decline in the next few weeks, according to Macquarie Capital (Europe) Ltd.
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The Canadian dollar rose against the majority of its most traded peers as new-home construction increased at the fastest pace in more than a year in May, adding to evidence the housing market is regaining momentum.
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BP Plc’s $8 billion settlement with victims of the 2010 Gulf of Mexico spill may have hurt Europe’s second-largest oil company more than it helped.
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Michael McClintock, a Harvard Business School graduate who built a 30-year career advising financial institutions, most recently as a senior managing director in New York for Macquarie Group Ltd., Australia’s biggest investment bank, has died. He was 55.
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A 20 percent decline in Hong Kong property prices won’t “worry” the government, TVB news reported yesterday, citing an unidentified government official.
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Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said his company is committed to growing in China even after it ended a seven-year investment in Industrial & Commercial Bank of China Ltd.
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Home Capital Group Inc., the Canadian mortgage lender targeted by short sellers, plans to double its loan portfolio by adding customers turned away by the country’s biggest banks.
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DBS Group Holdings Ltd. got approval from Indonesia’s central bank to acquire a $2.75 billion stake in PT Bank Danamon Indonesia, giving Southeast Asia’s largest lender less control than it had sought.
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Salesforce.com Inc., the largest maker of online customer-management tools, forecast profit for the fiscal second quarter that missed some analysts’ estimates as companies curtail spending on new business software.
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