Bank of Nova Scotia, Canada’s third- biggest lender by assets, said fiscal first-quarter profit rose 6.5 percent on higher earnings from wealth management and domestic consumer lending. The company increased its dividend 3.2 percent to 64 cents.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest loss in a month, as comments from Russian President Vladimir Putin signaled the Ukraine crisis won’t immediately escalate.
Former U.S. Treasury Secretary Timothy Geithner asked a judge to quash a subpoena by McGraw Hill Financial Inc. and its Standard & Poor’s unit seeking information tied to their claim that the U.S. sued the companies in retaliation for a downgrade of government debt.
Gold traders are setting their sights on $1,400 an ounce, a price not reached since September, as the worst standoff between the West and Russia since the end of the Cold War increases demand for the metal as a haven.
Asian stocks rose, rebounding from the regional index’s first back-to-back declines in a month, as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting tomorrow.