Canadian stocks advanced, capping a weekly gain for the benchmark index, amid optimism over economic growth after the release of employment reports for the nation and the U.S.
Detour Gold Corp. jumped 12 percent after Canaccord Genuity Corp. analysts raised the stock’s rating. Silver Standard Resources Inc. climbed 9.9 percent after CIBC World Markets Inc. upgraded the shares. Baytex Energy Corp. dropped 4.6 percent as it agreed to buy Aurora Oil & Gas Ltd. for C$1.8 billion ($1.63 billion). Aurora soared 55 percent.
The Standard & Poor’s/TSX Composite Index (SPTSX) increased 73.10 points, or 0.5 percent, to 13,786.50 at 4 p.m. in Toronto. The gauge, which has risen 1.2 percent in 2014, added 0.7 percent this week. Trading in S&P/TSX stocks was 13 percent above the 30-day average at the close.
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China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-
The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit. The draft law,
Uncertainty over the UK’s future status as a financial hub after the country will have left the European Union (EU) probably by 2019 is already casting a shadow over London’s agile Islamic finance se
Malaysia and Indonesia need to invest more in Islamic finance to ensure their offerings are on par with conventional offerings, said HSBC Amanah Malaysia Bhd today.
In a statement here tod
The Malaysian and global green sukuk, or Islamic bond, markets are expected to continue to grow, thanks to increasing investor interest in sustainable investing, according to the Malaysian Internatio
Asia Assets Management