BLOOMBERG Toronto-Dominion Bank (TD Bank) and First Horizon Corp have agreed to terminate their previously announced merger amid uncertainty about the possibility of regulatory approvals. The lenders said in a statement that they “entered into a mutual agreement” to terminate their 2022 merger. TD will make a $200 million cash payment to Memphis-based First Horizon, on top of a $25 ...

BLOOMBERG Australian bank margins have hit the peak and earnings are going to become harder to eke out, National Australia Bank Ltd (NAB) Chief Executive Officer (CEO) Ross McEwan warned. Speaking to Bloomberg Television after a record half-year profit failed to ease investor nerves about the bank’s outlook, McEwan said a decline in the share price was “somewhat expected.” “The ...

BLOOMBERG Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block trading practices. “The firm is currently engaged in discussions regarding potential resolution of the investigations by the enforcement division of the US Securities and Exchange Commission (SEC) and the US Attorney’s Office for the Southern District of New York into various ...

GENEVA / WAM The United Nations Conference on Trade and Development (UNCTAD) will host the third UN Trade Forum on May 8-9 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating progress towards achieving the UN’s Sustainable Development Goals. The forum will give particular attention to developing countries, which have been ...

ABU DHABI / WAM Corniche Hospital, part of the Abu Dhabi Health Services Company (Seha) — a subsidiary of the PureHealth Group — the UAE’s largest integrated healthcare platform, has launched a new, exciting model of care in its outpatient obstetric clinics — Al Heba Clinics — to commemorate the International Day of the Midwife. Part of the vision of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) has announced the signing of three memorandums of understanding (MoUs) with the Nuclear Power Operations Research Institute, the China National Nuclear Corporation Overseas and the China Nuclear Energy Industry Corporation. The signings of the MoUs were attended by Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of Enec. ...

ABU DHABI / WAM The UAE has welcomed the start of talks between representatives of the Sudanese Armed Forces and the Rapid Support Forces in Jeddah. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) commended the role of the Kingdom of Saudi Arabia and the United States of America and their efforts to ensure the dialogue ...

ABU DHABI / WAM Participants from 170 countries have started arriving to attend the Annual Investment Meeting (AIM Global 2023), the premier investment platform for global investors that is set to kick off its 12th edition in Abu Dhabi on May 8 to 10. The three-day event is expected to attract an international audience of top executives, decision makers, senior ...

LATAKIA / WAM The number of beneficiaries of humanitarian, medical and treatment aid has reached about 1,100 Syrian families, with some 6,000 people, including 300 Syrian beneficiaries of urgent medical cases, according to the Emirates Red Crescent (ERC) delegation in Syria operating as part of Operation “Gallant Knight 2” that was launched by the Joint Operations Command of the Ministry ...

BLOOMBERG The leaders of South Korea and Japan said they planned to discuss cooperation on global issues and security concerns raised by North Korea as they started their first formal summit held in Seoul in about a dozen years. South Korean President Yoon Suk Yeol told Fumio Kishida at their on Sunday meeting that he sees the visit of the ...