CIBC profit slips as weaker retail banking, bigger loan-loss provisions hit results

Canadian Imperial Bank of Commerce CM-T reported lower fiscal second-quarter profit and raised its quarterly dividend as weaker retail banking results, larger loan loss provisions and higher expenses dragged down earnings. After two rival banks reported profits on Wednesday, CIBC’s earnings per share was weaker than analysts expected, even as revenue rose 9 per cent … Read more

Senegal hospital fire kills 11 newborn babies

Eleven newborn have died after a fire that broke out in the neonatal department at the Mame Abdou Aziz Sy Dabakh Hospital in the western Senegalese city of Tivaouane, said the country’s president Macky Sall on Thursday. “I just learned, with pain and conternation, the death of 11 newborn babies,” Sall said in a tweet. … Read more

Rocket advance with win in 3OT thriller |

The Laval Rocket are off to the Eastern Conference Finals after a wild 6-5 triple-overtime victory over the Rochester Americans on Wednesday night. The Rocket completed a three-game sweep of the Americas and will face either Charlotte or Springfield in the next round. Working on a power play following a delay of game penalty against … Read more

Fossilized “Dragon of Death” discovered in Argentina

In a new paper in the scientific journal Cretaceous Researchresearchers claim to have discovered the fossilized remains of a humongous pterosaur that may in fact be the largest flying vertebrate yet known. Thanatosdrakon amaru gen. et sp. nov. is a new azhdarchid found in the upper-most levels of the Plottier Formation (upper Coniacian–lower Santonian, Neuquén … Read more

Sony Expects to Be Done With PS4 Games by 2025

At the latest Sony investor presentation, Sony revealed that it plans to be done with PS4 games by 2025. Additionally, the company also explored the growth they’ve had in the PC and mobile realms, and used numbers to examine the past and predict the future of releases. In the 2019 fiscal year, almost all Sony’s … Read more

It’s 2 pm in Kyiv. Here’s what you need to know

A Russian national flag above the headquarters of Bank Rossii, Russia’s central bank, in Moscow, Russia, on February 28. (Andrey Rudakov/Bloomberg/Getty Images) Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas revenues — takes some of the heat out of inflation. The Russian Central Bank cut interest … Read more

​RBC flexes profit muscle in Q2, dividend dividend 7%

Royal Bank of Canada trounced profit expectations in its latest quarter despite weakness in its capital markets division. It also announced a dividend hike. RBC said Thursday its total net income rose six per cent year-over-year to $4.25 billion in the fiscal second quarter, which ended April 30. On an adjusted basis, it earned $2.99 … Read more