Corporate governance - Vigil

U.K. data strengthen the view that a return to pre-coronavirus levels of output will be painfully slow for most of the rich world

EBay Inc. founder Pierre Omidyar stepped down from the company’s board as part of a broader overhaul that also has Elliott Management Corp. partner Jesse Cohn leaving the board.

The European Central Bank left its large monetary stimulus unchanged Thursday, as policy makers wait to see how a resurgence in Covid-19 cases across the continent and a jump in the value of the euro might affect the region’s economy.

Citigroup Inc on Thursday named consumer banking head Jane Fraser to succeed Michael Corbat next year as the bank’s chief executive officer, making her the first woman to lead a major Wall Street bank.

At a virtual Bank of America Merrill Lynch conference on Wednesday, Altice CEO Dexter Goei answered questions about the origin and rationale for the $10.3-billion offer for Cogeco Inc. and Cogeco Communications Inc. In the proposed deal, New York-based Altice would acquire Cogeco’s U.S. cable network, Atlantic Broadband, while Rogers would get Cogeco’s Canadian business.

The figures from Statistics Canada show the average “poverty gap,” which measures how far people on average fall below the official poverty line, grew from 31.8 per cent in 2015 to 33.4 per cent in 2018.

This bodes ill for respiratory health

European Central Bank President Christine Lagarde on Thursday said data suggested a “strong rebound” in the euro area, with the economy contracting less than expected this year.

Amazon.com Inc said on Wednesday it plans to open two new fulfillment centres in Ontario next year, in a move that would create 2,500 new jobs in Canada’s most-populous province.

Britain plunged Brexit trade talks into crisis on Wednesday by publishing a bill that explicitly acknowledges the government could break international law by ignoring some parts of the divorce treaty it signed with the European Union.

Investors had pushed for senior leaders to be held accountable for destruction of caves at Australia’s Juukan Gorge in May

New York department store chain Century 21 filed for bankruptcy Thursday and said it will shut down its business.

TikTok’s Chinese parent, ByteDance Ltd., is discussing with the U.S. government possible arrangements that would allow the popular video-sharing app to avoid a full sale of its U.S. operations, according to people familiar with the matter.

The U.S. economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected, economists said in a monthly survey.

GMP Capital Inc. is urging shareholders to back its bid to buy wealth manager Richardson GMP Ltd. rather than support its former chief executive officer and a Toronto-based hedge fund in their attempts to block the deal.

Airline and tour operator Transat AT Inc. said it needs more cash to survive the pandemic that hammered demand for air travel, but its ability to borrow is restricted by the stalled Air Canada takeover deal.

Having weathered the global financial crisis of 2007-08 better than a number of their foreign peers, the country’s Big Six banks made dozens of acquisitions in the years that followed, such as Montreal-based National Bank of Canada buying independent wealth-manager Wellington West Holdings Inc. in 2011.

French waste and water management group Suez on Thursday reiterated its opposition to Veolia’s offer for Engie’s stake in the company, and said it was looking at alternatives.

Regulators want to require fewer big investors to make 13F filings

Businesses in Spain, Italy, the Netherlands and the UK were more likely to cut dividends than executive pay this year, despite calls from shareholders for bosses to share the financial pain caused by the pandemic.

The Bank also said it will continue its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds.