Bank of Montreal's quarterly profit falls on higher bad loan provisions

Bank of Montreal on Tuesday reported a decline in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover potential losses from loan defaults.

newspaper

29-08-2023

Japan at 'inflection point' in 25-year battle with deflation - govt

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation.

newspaper

29-08-2023

Brazil's Marfrig sells abattoirs to Minerva in $1.5 billion deal

SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) in a deal that will significantly change its profile in South America, according to a securities filing.

newspaper

29-08-2023

OpenAI releasing version of ChatGPT for large businesses

(Reuters) -Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft offer to customers.

newspaper

28-08-2023

OpenAI releasing version of ChatGPT for large businesses 

Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft offer to customers.

newspaper

28-08-2023

China new home prices growth likely flat in 2023, dragging on economy - Reuters poll

China's new home prices will likely show no growth this year, according to a Reuters poll, highlighting the intense pressure in the crisis-hit property sector that has put a choke-hold on the economy and left policymakers in a scramble to restore confidence.

newspaper

28-08-2023

Fortescue profit drops on Iron Bridge impairment charge; co-CEO to step down

(Reuters) -Australia's Fortescue on Monday reported a $1 billion pre-tax impairment charge associated with its flagship magnetite growth project, while posting its lowest annual profit in three years amid a surprise senior-management overhaul.

newspaper

28-08-2023

Private equity firm PAI Partners to buy pet food maker Alphia

Private equity firm PAI Partners said on Thursday it agreed to buy Alphia Inc from its owner J.H. Whitney Capital Partners, in a deal that people familiar with the matter said values the pet food manufacturer at about $1 billion, including debt.

newspaper

24-08-2023

China quietly recruits overseas chip talent as US tightens curbs

By Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina

newspaper

24-08-2023