April, 2016

• 7 April

  CIBC’s good performance bests Canadian Bank peers

  

  Bloomberg Victor Dodig’s overhaul of Canadian Imperial Bank of Commerce is paying off. Total returns and profitability at the former underdog of Canadian banking are top among its peers and its dividend yield is the fattest of the nation’s five largest lenders. With the bank’s domestic operations sharpened, the chief executive officer is on the hunt for a US acquisition ...

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• 7 April

  Donald Trump attacks Cruz amid home crowd cheers in New York

  

  Bethpage / AFP Donald Trump attacked his insurgent Republican rival Ted Cruz and ignored his crushing defeat in Wisconsin, electrifying thousands of passionate supporters at a home state rally in New York. “It’s great to be home,” the 67-year-old Manhattan tycoon told a fist-pumping, cheering crowd at Grumman Studios in the Long Island town of Bethpage, where Apollo Lunar Module ...

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• 7 April

  NATO chief deflects Trump criticism

  Washington / AFP NATO’s secretary general, responding to Donald Trump’s criticism of the alliance, recalled how it stood behind America after the September 11, 2001 terror attacks. The first and only time NATO invoked “collective defense goals” was after the suicide plane bombings against New York and Washington, NATO chief Jens Stoltenberg said in a speech in Washington. “Europeans stepped ...

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• 7 April

  Transfer of Paris attacks suspect ‘will take weeks’

  Brussels / AFP Extraditing Paris attacks suspect Salah Abdeslam from Belgium to France is likely to take several weeks, as investigators question him about a shootout with police in Brussels last month, his lawyer said on Thursday. “He will be handed over to France in several weeks. He must first be heard in another case,” lawyer Sven Mary told reporters, ...

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• 7 April

  Danish police arrest 4 alleged IS group fighters, seize weapons

  

  Copenhagen / AFP Copenhagen police said on Thursday they had detained four people on suspicion of joining the IS group in Syria and seized weapons and ammunition in a search linked to the arrests. All four were suspected of breaking Denmark’s terrorism law while in Syria, and were arrested in the Copenhagen area, police said in a statement without giving ...

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• 7 April

  Irish PM holds talks to end government impasse

  

  Dublin / AFP Irish Prime Minister Enda Kenny held talks on Thursday with opposition leader Micheal Martin to end the impasse over a new government following inconclusive elections in February. After an initial meeting on Wednesday, Kenny’s Fine Gael party said in a statement it had offered a “full and equal partnership” in a future administration to Martin’s Fianna Fail—its ...

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• 7 April

  Macedonia oppn to boycott polls as parliament dissolves

  

  Skopje / AFP Macedonia’s main opposition party said it will boycott a “sham” election in June, as parliament dissolved ahead of the vote which is supposed to end a political crisis. The June 5 election is part of a European Union-backed deal reached last year between the government and the opposition to end months of turmoil. But Zoran Zaev, leader ...

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• 7 April

  Why did Hong Kong’s Umbrella Movement fail?

  

  In December 2014, the Umbrella Movement, Hong Kong protests that had started on September 22, ended. Major roads, which had for three months been occupied by protesters, now were bustling again with traffic. Students returned to university empty-handed and suffrage-less. The protests, once lively with energy from the potential of tangible change, were extinguished without so much as an official ...

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• 7 April

  When the ‘kindness of strangers’ is no longer enough

  

  One of the biggest unanswered questions of Britain’s looming referendum is how much capital might flee the nation if it decides to go it alone. As it stands, foreign investors do better in Britain than British investors abroad, and that investment has been a big driver in the U.K. economy. It also helps explain why there’s so much concern about ...

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• 7 April

  Euro zone banks should skip dividends to up lending: BIS

  

  FRANKFURT / REUTERS Euro zone banks should be encouraged to keep more of their profits rather than pay dividends, to bolster their capital and finance new loans, the head of research of the Bank of International Settlements (BIS) said on Thursday. The euro zone has been battling low economic growth and sluggish lending for years, and banks have complained that ...

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