Singapore’s sovereign wealth fund GIC and Canada’s Dream Industrial REIT will buy Summit Industrial Income REIT for C$4.46 billion ($3.30 billion) without debt, according to separate statements on Monday.
The new Twitter owner, Elon Musk, denies a New York Times report that he may lay off personnel before November 1 to avoid stock grants.
Credit Suisse settled a US case for $495 million. The Swiss bank’s latest settlement for past mistakes has damaged its reputation.
Increasing global interest rates threatened to destabilize economic growth and dragged on risk appetite on Friday, causing Asian stock markets to decline.
H&M announced lower-than-expected quarterly revenues on Thursday due to increased energy and food prices and competition from Zara.
Artificial Intelligence (AI) has generated some excitement over the past few years, and investors have been combing Canadian stocks for the next great Canadian AI stock.