Bloomberg Bank of Nova Scotia said fiscal second-quarter profit fell 12 percent on higher losses from energy loans and restructuring charges as it shifts toward digital banking. Net income for the period ended April 30 slid to C$1.58 billion ($1.21 billion), or C$1.23 a share, from C$1.8 billion, or C$1.42, a year earlier, the Toronto-based bank said Tuesday in ...

  BLOOMBERG Mario Draghi’s insistence that his stimulus programme is only half done brings with it a worrying thought. What if its best effects are already spent anyway? At least four times at Thursday’s press meet in Vienna, the European Central Bank president emphasised how policy makers need to see the ‘full impact’ and must ‘focus on implementation’ of their ...

  Bloomberg Federal Reserve Governor Lael Brainard said a ‘sobering’ US employment report suggested the labour market has slowed, as she continued to warn against moving too quickly to raise interest rates. “In this environment, prudent risk management implies there is a benefit to waiting for additional data to provide confidence that domestic activity has rebounded strongly and reassurance that ...