A Zurich court has ordered UBS to provide internal valuation documents to former Credit Suisse shareholders, The Financial Times’ Mercedes Ruehl reports. UBS must grand access to internal documents submitted as part of their legal challenge to the bank’s 2023 takeover of its former rival, according to the report. UBS had argued that access should be limited to a narrower set of materials relied upon by court-appointed experts. The Commercial Court of Zurich has ruled in favor of plaintiffs seeking additional compensation for their former Credit Suisse holdings. The core of the ruling demands greater transparency, forcing UBS to reveal the foundational data and methodology used to determine the share exchange ratio during the frantic acquisition period in March 2023.

One of CoStar’s largest shareholders has thrown its support behind the real estate data company’s strategy as it stares down a fierce proxy battle with activist hedge funds including Daniel Loeb’s Third Point.  Third Point, quickly followed by DE Shaw, went public in recent weeks with grievances about founder and chief executive Andy Florance’s multibillion-dollar investment in lossmaking listings site Homes.com, calling for an overhaul of the board.  The activist attacks set the stage for a fight for the future of CoStar when the board nomination window opens in mid-March. Loeb has called for the majority of the board to be replaced, suggesting he would propose a rival slate.

Quand presque tout le monde reçoit une médaille, que vaut celle-ci? Au fédéral, ce type de question se pose au sujet des «primes à la performance» des cadres. En 2025, 98,1% d’entre eux ont eu droit à leur prime, comme le soulignait hier le collègue Gabriel Côté dans nos pages. Dans l’ensemble de l’État fédéral, le coût total de celles-ci s’est élevé à 146,2M$. Ça semble être une culture bien implantée dans l’administration de notre Dominion. En 2024, employés et dirigeants des sociétés de la Couronne du Canada avaient obtenu pour 190 millions$ en bonis, nous apprenait Raphaël Pirro il y a quelques mois.

Le Haut-Commissariat de l’ONU aux droits de l’homme a condamné jeudi une série d’actions israéliennes dans la bande de Gaza et en Cisjordanie occupée, disant craindre un « nettoyage ethnique » y visant les Palestiniens, ce qui a déclenché une vive protestation d’Israël. « L’intensification des attaques, la destruction méthodique de quartiers entiers, […] le refus d’apporter une aide humanitaire […] conjugués aux transferts forcés qui semblent viser à un déplacement permanent, suscitent des inquiétudes quant à un nettoyage ethnique à Gaza et en Cisjordanie », écrit le Haut-Commissariat dans un communiqué accompagnant un nouveau rapport.

Bernie Sanders a été accueilli en héros mercredi à Los Angeles, lors d’un rassemblement où le socialiste le plus célèbre des États-Unis est venu soutenir un projet de taxe sur les milliardaires en Californie qui semble effrayer la Silicon Valley. Cette idée pousse les États-Unis à se « confronter enfin au niveau grotesque d’inégalités de revenus et de patrimoine que nous connaissons » a loué le sénateur du Vermont, ex-candidat à l’investiture démocrate pour la Maison-Blanche en 2016 et 2020. Acclamé par plus de 2000 personnes dans un théâtre à guichet fermé, l’octogénaire a dénoncé « les coûts scandaleux des soins de santé et des médicaments sur ordonnance », en soutenant ce projet de référendum prélevant « l’argent de poche » des ultrariches.

Le gouvernement du Québec veut des centres de données, mais pas à n’importe quel prix. Il leur offre de l’électricité à 13 cents le kilowattheure, soit presque deux fois plus cher que le tarif moyen des clients résidentiels. Un nouveau tarif encore plus élevé de 19,5 cents le kilowattheure sera appliqué aux activités liées à la cryptomonnaie, dont « le caractère stratégique et les retombées économiques sont inférieurs à ceux des centres de données ». Les nouveaux tarifs refléteront le coût des nouveaux approvisionnements d’Hydro-Québec plutôt que le coût moyen de production qui sert de base à l’établissement des autres catégories de tarifs. La différence est importante : le coût de production des installations existantes d’Hydro-Québec est d’environ 3,5 cents le kilowattheure, tandis que pour la nouvelle production, le coût tourne autour de 11 à 12 cents le kilowattheure.

U.S. President Donald Trump will host a Board of Peace meeting on Thursday in Washington, where he will announce that member states have pledged more than US$5-billion for reconstruction and humanitarian efforts in Gaza, the White House said. White House press secretary Karoline Leavitt told reporters on Wednesday that more than 20 countries would participate in the meeting, adding that member states had committed to providing thousands of personnel for an international stabilization force for Gaza. Asked about the Vatican’s decision not to participate in the initiative, Leavitt called the move “deeply unfortunate.” Leavitt said Trump would chair the first part of Thursday’s meeting before departing Washington for a visit to Georgia.

Ontario Teachers’ Pension Plan is revamping its approach to climate investing, aiming to double its portfolio of assets that are “aligned” with a net-zero transition by 2030, but dropping an emissions target that it set five years ago. The $270-billion pension plan announced a new goal to reach $70-billion of investments in climate-friendly assets over the next four years, from $35-billion currently. Teachers manages pensions for about 343,000 members in Ontario, including working and retired teachers. The new framework would count investments in privately owned companies that contribute directly to climate solutions with green products, services or technology, as well as large emitters that have credible plans to decarbonize. 

Starbucks faced fresh pressure on Wednesday from a coalition of investors including public-sector pension funds that urged shareholders to vote against the reelection of two directors, citing persistent failure to manage labor relations. The move against Starbucks' lead independent director, Jorgen Vig Knudstorp, and Beth Ford, chair of the board's Nominating and Corporate Governance Committee, comes as the company is locked in a prolonged effort to reach a collective agreement with its unionized baristas. More than 3,800 baristas had joined a nationwide strike late last year - marking the longest work stoppage in its history - as the Starbucks Workers United union pressed for better staffing, more predictable schedules and higher pay after drawn-out contract talks.

Leonardo Maria Del Vecchio is planning to buy from two of his siblings an additional 25% stake in the family holding company that controls EssilorLuxottica, in an effort to resolve an estate dispute, a source close to the son of the late founder told Reuters, confirming an Italian newspaper report. The ownership of Luxembourg-based family holding Delfin is split equally among the eight heirs of Ray-Ban eyewear maker Luxottica's founder Leonardo Del Vecchio, who died in 2022. Disagreements among shareholders have prevented the distribution of a dividend above 10% of net profit or any change to the current governance structure. EssilorLuxottica CEO Francesco Milleri also serves as Delfin’s chairman.

MTN Group has agreed to take full control of IHS Holding , buying the roughly 75% stake it does not already own in a deal that values the tower operator at about $6.2 billion, the companies said on Tuesday. MTN, Africa's biggest mobile operator, will pay $8.50 per share in cash. The deal will be funded through the rollover of MTN's existing stake of around 24% in IHS, as well as about $1.1 billion in cash from MTN, roughly $1.1 billion from IHS' balance sheet, and the rollover of no more than existing IHS debt, the tower operator said in a statement. With the deal, South Africa-based MTN returns to direct ownership of thousands of towers it originally built and later sold to IHS, reversing a decade‑long shift across the industry toward outsourced tower leasing.

The CEO of EQ Bank said its parent company is urging Canada's government to speed up changes to improve competition and give smaller banks similar capital treatment to big banks. "Canada needs to compete with a greater sense of urgency to improve productivity, to evolve away from complacency. That need for competition is more significant and substantial than ever," EQB's CEO Chadwick Westlake said in an interview with Reuters. Canada's financial sector is dominated by the country's big six banks. EQB, Canada's seventh-largest bank, stands to become one of the last publicly listed non-big six banks if Laurentian Bankdelists after it agreed to sell its assets, and Canadian Western Bank merged with National Bank last year.

Leonardo Maria Del Vecchio is planning to buy from two of his siblings an additional 25% stake in the family holding company that controls EssilorLuxottica, in an effort to resolve an estate dispute, a source close to the son of the late founder told Reuters, confirming an Italian newspaper report. The ownership of Luxembourg-based family holding Delfin is split equally among the eight heirs of Ray-Ban eyewear maker Luxottica's founder Leonardo Del Vecchio, who died in 2022. Disagreements among shareholders have prevented the distribution of a dividend above 10% of net profit or any change to the current governance structure. EssilorLuxottica CEO Francesco Milleri also serves as Delfin’s chairman.

Ottawa and Mexico City remain committed to a trilateral review of the continental free-trade pact, even as the U.S. has floated the idea of replacing it with separate bilateral deals, Dominic LeBlanc, the federal minister responsible for Canada-U.S. trade, said after meeting with his Mexican counterparts this week. Mr. LeBlanc was in Mexico as the head of a trade delegation made up of approximately 250 Canadian companies. While there, he met with Mexico’s President Claudia Sheinbaum and Economy Secretary Marcelo Ebrard, who is leading the country’s trade team for the review of the United States-Mexico-Canada Agreem

Les hausses salariales réclamées par les médecins spécialistes ne sont « pas raisonnables », dénonce le premier ministre François Legault, au moment où un nouvel affrontement semble inévitable.  Après avoir accordé d’importantes concessions pour en arriver à une entente avec les médecins de famille l’automne dernier, Québec entreprend maintenant un second round avec leurs collègues spécialistes. La Fédération des médecins spécialistes du Québec (FMSQ) a annoncé son intention de mettre en place des moyens d’action pour dénouer l’impasse avec le gouvernement Legault

Gares et arrêts de bus vides, vols annulés, manifestation prévue : le président argentin Javier Milei fait face jeudi à sa quatrième grève générale en un peu plus de deux ans de mandat, démonstration de force visant sa réforme de dérégulation du travail, qui pourtant progresse au Parlement. La grève illustre un regain de tension sociale, quatre mois après le succès électoral de l’ultralibéral Javier Milei, sorti renforcé des législatives de mi-mandat. Elle vise la réforme du travail, projet clef de sa deuxième moitié de mandat, dont débat jeudi la Chambre des députés. La réforme facilite notamment les licenciements, réduit le barème d’indemnités, rend possible l’extension de la journée de travail (8 à 12 heures), étend les services dits « essentiels » en cas de grève, autorise le fractionnement des congés.

Gildan est redevenu « investissable » pour La Caisse. Quatre ans après avoir largué ses actions de Gildan parce que le fabricant montréalais de vêtements ne payait pas sa juste part d’impôt à ses yeux, La Caisse redevient un des plus gros actionnaires. Le plus important investisseur institutionnel du Québec vient de révéler avoir acheté pour environ un demi-milliard de dollars d’actions de Gildan durant les trois derniers mois de 2025. L’achat massif d’actions de Gildan par La Caisse est dévoilé dans un document déposé mardi soir auprès de la Securities & Exchange Commission. La Caisse a ainsi entrepris l’année 2026 avec 6,2 millions d’actions de Gildan en portefeuille, ce qui place le gestionnaire d’actifs québécois au sixième échelon des plus importants actionnaires de l’entreprise.

Les investissements massifs prévus par le fédéral dans le secteur de la défense au cours des prochaines années respecteront une « forme d’équité régionale », avance la ministre de l’Industrie, Mélanie Joly, qui promet de se « battre » pour que le Québec obtienne sa part du gâteau. Au lendemain de la présentation de la Stratégie industrielle en défense du Canada, l’élue québécoise s’est dite consciente que « toutes les régions du pays vont regarder de très près comment les contrats de la défense nationale vont être attribués ». Et que « pour maintenir la confiance des gens dans ce que le gouvernement fait, on doit être capable de faire en sorte que chaque région du pays puisse en bénéficier », a aussi reconnu Mme Joly.  

A South Korean court on Thursday sentenced former President Yoon Suk Yeol to life in prison over his December, 2024, imposition of martial law, which judges deemed an insurrection aimed at overthrowing the country’s constitutional order. A conservative former prosecutor, Mr. Yoon declared military rule after opposition lawmakers used their parliamentary majority to repeatedly block his agenda and launch corruption investigations of Mr. Yoon and his wife. Late in the evening of Dec. 3, 2024, Mr. Yoon ordered troops to the National Assembly to arrest those he called “shameless pro-North Korean anti-state forces, who are plundering the freedom and happiness of our citizens.”

China sees an opening to turn President Donald Trump's tariffs to its advantage by reshaping global trade in ways that would insulate its $19 trillion economy from U.S. pressure far into the future. Beijing is exploiting the uncertainty created by Trump to try to stitch China's vast manufacturing base into the world's biggest economic blocs, including the European Union, Gulf States and a trans-Pacific trade pact, a Reuters examination found. The push involves accelerating efforts to clinch some 20 trade deals in total, many years in the making, despite widespread concerns about China's overproduction, uneven market access and soft domestic demand. A Reuters review of 100 Chinese-language articles by state-backed trade scholars written since 2017 reveals a systematic push by China's policy advisers to reverse-engineer U.S. trade policy and neutralize Washington's containment strategy.

Activist investor Elliott Investment Management is pressing London Stock Exchange Group to conduct a full review of its portfolio and launch a 5 billion pound ($6.76 billion) buyback, a person familiar with the matter said on Wednesday. This comes days after Reuters reported that Elliott took a stake in LSEG and started engaging with the company on ways to boost performance. LSEG's shares have dropped more than 30% in the past 12 months, pressured further by a sharp global selloff in software stocks. While Elliott has not made specific requests to LSEG on asset disposals, it sees the group's 51% stake in U.S.-listed Tradeweb Markets as a potential route to generate cash, the person said, adding that the fund considers all of LSEG's portfolio as undervalued.

AT&T was sued by four New York City public pension funds, which accused it of wrongly refusing to let shareholders vote on their proposal to require the telecommunications company to disclose the breakdown of its 133,000-person workforce by race, ethnicity and gender. In a complaint filed in Manhattan federal court, the funds said AT&T cited a November policy change by the U.S. Securities and Exchange Commission, which lets companies that claim a "reasonable basis" to exclude shareholder proposals. The funds said SEC regulations provide no excuse for AT&T to block a vote on their proposal at its 2026 annual shareholder meeting, and doing so causes "irreparable" injury. They want to prevent AT&T from soliciting shareholder proxies that exclude their proposal.