Bloomberg Bank of Montreal’s (BMO) capital-markets division grabbed the top spot for Canadian equity sales in 2020, leading the ranking for the first time in a decade as the coronavirus pandemic pushed companies to stockpile cash. BMO Capital Markets advised on 52 equity and equity-linked issues with a total value of C$3.76 billion ($2.95 billion). Overall, Canada saw 488 issues ...

Bloomberg The auto industry dodged disaster when the UK and European Union (EU) sealed a post-Brexit trade accord, but not before carmakers announced factory closures and called off plans to make several new vehicles in the country. More damage may still be done even with the deal. Automakers including Nissan Motor Co. might struggle to qualify some UK-assembled models for ...

Bloomberg Ford Motor Co. is reversing plans to cede most of its Indian operations to Mahindra & Mahindra Ltd., deciding to pull out of a proposed joint venture and continue its standalone business in the country. The companies agreed to terminate the venture after reassessing in part due to the global coronavirus pandemic, they said. The decision ends a deal ...