An executive at Munich-based manufacturing company Siemens said the company leverages the digital world for problem-solving.
OSFI stability buffer hike could hurt bank profits, dividends: AnalystU.S. stocks slip as investors worry if rally has legsCanada bank watchdog toughens capital rule with risks risingThe Daily Chase: Awaiting U.S.
Fed commentary; Alibaba shakeupGlobal stocks slip on worry rally looks exhaustedThe Daily Chase: Muted start to trading week; Paris Air Show takes flightHigh government spending means more inflation? It's complicated, economists sayBonds, taxes and price caps: What else can be done to fight inflation?Temporary foreign workers need more paths to immigration, experts sayThe Daily Chase: Markets point to red open; Gibson Energy looks to expand in U.S.
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IndiGo bets big on Indian travel boom with record Airbus deal - BNN BloombergIndiGo placed a record-breaking order with Airbus SE for 500 narrowbody aircraft, making a bold bet well into the next decade on an undiminished travel boom in the world’s most populous country.
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Businesses' changing credit usage a worrying trend: Equifax - BNN BloombergEquifax Canada says new data suggests a significant shift in credit usage among businesses in the first quarter of 2023.
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Tourism businesses in a 'dire' state, with debt mounting and demand meager: industry - BNN BloombergThe head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a pile of debt and a dearth of overseas visitors.
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Alibaba names new chairman, CEO in surprise succession plan - BNN BloombergAlibaba Group Holding Ltd. is replacing eight-year veteran chief Daniel Zhang at the helm of a Chinese e-commerce leader bleeding market share and struggling to revive growth in the post-COVID era.
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Canada bank watchdog toughens capital rule with risks rising - BNN BloombergCanada’s banking regulator imposed higher capital requirements on the country’s largest banks for the second time in about six months, a signal of concern about risks building up in the financial system.
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Interest rates could come down when economic slowdown happens, strategist says - BNN BloombergWarren Lovely, chief rates strategist at National Bank Financial, is predicting an economic slowdown by the end of the year and into 2024, and when that happens, he believes the Back of Canada will then begin bringing the rates down.
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