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The pan-European STOXX 600 (.STOXX) was up 0.1% by 0910 GMT, extending gains for a sixth straight day on boost from rate-sensitive technology stocks (.SX8P) and industrials (.SXNP). Richemont (CFR.S) rose 2% on reporting higher quarterly sales as tourists returned to Europe and Japan. Still, the luxury group missed market estimates after sales in China plunged by almost a quarter. "For luxury, China is quite important with more hopes of rebounding activity in the first half of this year," said Emmanuel Cau, head of European equity strategy at Barclays Investment Bank. Reporting by Bansari Mayur Kamdar and Ankika Biswas in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ How exoplanet hunters find alien worlds hundreds of light-years away and figure out if they have water
▼ + stars: | 2023-01-12 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +6 min

In the journal Nature Astronomy, astronomers announced that the two exoplanets — Kepler-138 c and Kepler-138 d — could be made up of mostly water. NASA AmesSince the first worlds outside our solar system were discovered in 1992, astronomers have searched for other planets orbiting sun-like stars. Astronomers have already captured direct evidence of 5,241 planets beyond our solar system, according to NASA's Exoplanet Archive. Water worlds beyond our solar system could be abundant in the universeWorlds rich in liquid water might not be as rare as astronomers previously thought, Piaulet said. But by discovering and studying new worlds, astronomers can hone in on what makes a world habitable beyond a sample size of one — Earth.

REUTERS/Eva Plevier/File PhotoWINNIPEG, Manitoba, Jan 11 (Reuters) - Netherlands-based Rabobank NA (RABOVR.UL) is aiming to grab 10-15% of the Canadian farm lending market within 15 years, as it aims to shake up a sector dominated by government and domestic banks, its new Canadian agricultural head told Reuters on Wednesday. It took Rabobank a decade before deciding to expand into Canadian farm lending, taking a methodical approach, Lieverse said. Rabobank expects Canadian farm lending to be profitable from the start and plans to announce hiring plans shortly, she said. Rabobank did not release its estimate of the value of the Canadian farm lending market, but government agency Statistics Canada pegged 2021 farm debt at a record-high C$129 billion ($96.1 billion), with chartered banks accounting for 37%. Farm Credit Canada, owned by the Canadian government, is the biggest agricultural lender, controlling a market share of about one-third, Lieverse said.

☆ How a millennial transformed his childhood home into a maximalist Georgian mansion that he rents out for nearly $200 an hour for photo and video shoots
▼ + stars: | 2022-12-24 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Emmanuel Hébert grew up in a small Montréal house that he has transformed into a Georgian mansion. He also rents it out for $184 an hour and uses the funds to further renovate the mansion. The living room of Manoir Blackswan in its full glory, dripping in antique chandeliers Hébert sells through his antiques business. Emmanuel HébertThe mansion is Hébert's home, where he's raising his 5-year-old son, Romeo, as well as a showroom for his antiques business. On Instagram, nearly 10,000 people follow Manoir Blackswan — what he calls the mansion — and 13,700 people follow his antiques business.

☆ Stocks making the biggest moves after hours: Oracle, Bank of Montreal and more
▼ + stars: | 2022-12-12 | by ( Samantha Subin | ) www.cnbc.com time to read: 1 min

A sign is posted in front of Oracle headquarters on December 12, 2022 in Redwood Shores, California. Oracle will report second quarter earnings today after the closing bell. Check out the companies making headlines after the bell:Oracle — Shares gained 2% in extended trading after the software stock beat analysts' estimates on the top and bottom lines for the fiscal second quarter. Trimble — Shares of the construction software company fell more than 3% after Trimble announced plans to acquire Transporeon in an all-cash deal valued at 1.88 billion euros. Bank of Montreal — The bank stock tumbled more than 4% after announcing a common stock offering to fund regulatory expenses and additional costs.

☆ Activists dressed as birds and trees rally for nature at COP15 in Montreal
▼ + stars: | 2022-12-10 | by ( Gloria Dickie | ) www.reuters.com time to read: +2 min

[1/5] People take part in a march during the opening of COP15, the two-week U.N. Biodiversity summit in Montreal, Quebec, Canada December 10, 2022. REUTERS/Christinne MuschiMONTREAL, Dec 10 (Reuters) - Hundreds of people on Saturday braved sub-zero temperatures to march the streets of Montreal, the host city of this year's U.N. biodiversity summit, demanding a strong new deal to protect nature worldwide. Wearing costumes to look like birds, trees and caribou, activists said the COP15 summit could fail to meet the urgency of the issue, with about 1 million plant, insect and other animal species now threatened with extinction. Arkilaus Kladit, a member of the Knasaimos-Tehit tribe, traveled to Montreal from West Papua, Indonesia. Countries' ministers join the negotiations next week in Montreal with the hope of adopting a deal to guide conservation through 2030 and beyond.

☆ Dealmakers face pressure to clinch M&A quickly in volatile markets
▼ + stars: | 2022-12-06 | by ( Maiya Keidan | ) www.reuters.com time to read: +4 min

HSBC wrapped up the deal in just eights weeks after saying it was considering selling its Canadian business in early October. From its first contact, RBC, Canada's biggest lender, told HSBC it could close the deal quickly if selected, a person familiar with the matter told Reuters. After the final bids went in around mid-November, RBC said it could turn everything around in a week, the person added. In the United States, deal timelines fell by almost 30% to 66 days this year from last year, where transactions took more than one day to close, the data shows. Deal announcements are one thing but getting all the regulatory approvals to close a deal are another matter altogether.

☆ Sam Bankman-Fried just explained what happened at FTX: Everything to know
▼ + stars: | 2022-12-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

While the world's most powerful finance official took the lunchtime billing, it was Sam Bankman-Fried who held the primetime slot. Sam Bankman-Fried, FTX CEO, at a digital assets hearing in 2021. Within minutes of starting, Sorkin asked Bankman-Fried directly if there was a commingling of funds between the two now-bankrupt companies he founded, FTX and Alameda Research. When Sorkin asked whether Bankman-Fried feels he has any criminal liability, Bankman-Fried said that's not what he's focused on right now. Earnings on deck: Toronto-Dominion Bank, Bank of Montreal, and Dollar General Corporation, all reporting.

☆ A finance and lifestyle YouTuber with about 20K followers explains how she built 7 income streams and how much she's earned each month this year
▼ + stars: | 2022-11-30 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

She started in May 2020 posting finance tips on YouTube, and now has 19,3000 subscribers. After the post about her house, her followers asked her to create a dedicated platform about building wealth. The 26-year-old also posts personal finance and lifestyle content on Instagram, where she now has 14,000 followers, and on TikTok, where she has 23,800 followers. Since January, she's made 105,654 Canadian dollars, or about $78,600, from seven streams of income, according to documentation verified by Insider. Below is a breakdown of how much money Odetoyinbo has earned in each month in 2022 so far.

The transaction is also fraught with regulatory risks, analysts said, though RBC argues that HSBC's Canada business accounts for just 2% of Canadian banking market share. The finance minister has the authority to impose any terms and conditions, the finance department said in a statement. "This regulatory assessment isn't likely to be completed for some time," Calvin Goldman, former commissioner of Canada's competition bureau, told Reuters, referring to the latest deal. QUICK MOVEDespite the expected regulatory risks, RBC was keen to move quickly. RBC is paying 9.4 times HSBC's 2024 adjusted earnings, which KBW analysts said was a steep price, though offset by savings potentials.

Nov 27 (Reuters) - Top Canadian banks are expected to post a decline in fourth-quarter profits as choppy markets hurt wealth management and a slow deal pipeline dents income from investment banking, offsetting expected gains from business loans. On average, profit for the Big Six banks are expected to drop 4% from last year, hurt by lower investment banking activity. Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO), which have the largest capital markets businesses, are expected to see the biggest hit to profits. "Business lending was particularly strong and aided by strength in balances outside of Canada," KBW analysts Mike Rizvanovic and Abhilash Shashidharan said. National Bank of Canada (NA.TO) and Toronto-Dominion Bank (TD.TO), also among the Big Six, will report earnings on Wednesday and Friday, respectively.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

SummarySummary Companies Coal miners struggling to fund expansion plansThermal coal costs more than coking coal after price surgeMost Western bankers pulling back from coal industryLONDON, Nov 24 (Reuters) - It's the best of times, it's the worst of times. At least when it comes to mining coal. With funding hard to come by from Western banks, coal miners outside China have turned more to equity markets this year. "With regard to thermal coal mining, any transaction in coal mining requires an enhanced environmental risk review," a Deutsche spokesperson said, adding that the bank was updating its coal policy. Bens Creek listed shares partly because of the lack of appetite from banks to support any expansion of coal mining, chief executive Wilson said.

Nov 24 (Reuters) - Manulife Financial Corp (MFC.TO) will outsource its property operations in Canada to focus on its entrepreneurial investment management unit, Canada's biggest life insurer said Thursday. The change to a new structure will result in Manulife Investment Management, which overseas the real estate portfolio, shedding 50 jobs, two sources familiar with the matter told Reuters on Thursday. Among other financial services companies, Canada's biggest lender, Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO) have recently cut jobs in the United States. Manulife Investment Management's real estate arm uses a pool of capital to invest in real estate in 29 cities across the United States, Asia and Canada. According to its annual report, the insurer had about C$13.2 billion ($9.90 billion) worth of real estate investments in 2021.

A federal jury in 2009 had found the businessman, Thomas Petters, guilty of orchestrating a $3.65 billion Ponzi scheme, and he was sentenced to 50 years in prison. Those sums became unavailable for repayment to creditors when the fraud was uncovered in 2008, a trustee said in a lawsuit. The jury found the count against the bank which had alleged that the bank's unit "substantially assisted or encouraged" the businessman Petters to commit the breach. As part of the provision, Bank of Montreal said it would book an after-tax charge of C$830 million during the fourth quarter. ($1 = 1.3426 Canadian dollars)Reporting by Shubham Kalia and Shivani Tanna in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

TORONTO, Nov 9 (Reuters Breakingviews) - The U.S. cannabis industry would do well to heed the lessons of Canada’s growing pains. Even as the United States becomes more pot-friendly, however, there’s no guarantee that financial success will follow. Approved cannabis growers destroyed a record quantity of unsold buds last year, the Financial Post reported. Fewer available licenses in the United States also mean barriers to entry are higher. The Canadian government on Sept. 22 announced the launch of the legislative review of the Cannabis Act, which came into force on Oct. 17, 2018.

☆ HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

HSBC disclosed on Oct. 4 that it was considering selling HSBC Bank Canada, a unit that analysts estimate to be valued around C$8 billion ($5.88 billion) to C$10 billion ($7.35 billion). The Globe and Mail, in its report on Friday, quoted sources familiar with the process as saying that the field of contenders to acquire HSBC Bank Canada from the British lender was narrowing. HSBC Bank Canada includes four divisions covering HSBC's commercial banking, personal banking, investment banking and markets services business in the country. National Bank of Canada declined to comment on the Global and Mail report. HSBC, CIBC and BMO did not immediately respond to requests for comment.

Oct 21 (Reuters) - Money managers such as Janus Henderson Group (JHG.N) and investment firms including Blue Owl Capital Inc (OWL.N) are weighing potential offers for Credit Suisse Group AG's (CSGN.S) U.S. asset management unit, people familiar with the matter said on Friday. read moreJanus and rival asset manager AllianceBernstein Holding (AB.N), and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said. Credit Suisse, Blue Owl, Clearlake, Invesco and Janus Henderson declined to comment. Janus Henderson emerged in 2017 from the combination of Janus Capital Group and Henderson Group, and Blue Owl was formed last year from the three-way merging of Owl Rock Capital Group, Dyal Capital Partners and a blank check firm. Meanwhile, both Ameriprise and Invesco have been active buyers of asset managers in recent years.

☆ European countries are shelling out huge sums to deal with the energy crunch. Economists fear it could spark a new financial crisis.
▼ + stars: | 2022-10-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

A new debt crisis could be looming as European countries throw huge sums of money at the energy crisis. Already, the energy crisis is estimated to have cost Europe around 700 billion euros. Combined with a high debt load, that spells trouble, Boskin says, because debt itself is also inflationary. Additional spending and debt from the energy crisis could result in more stress being exerted on the financial system. "I think a debt crisis could very likely ensue given the vast amounts that [are] being spent as a percentage of GDP.

☆ Credit Suisse places U.S. asset management arm for sale - source
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

Oct 17 (Reuters) - Credit Suisse Group AG (CSGN.S) recently launched a process that could see its U.S. asset management arm sold, a source familiar with the matter said on Monday, as the troubled Swiss bank seeks to reshape its business after multiple scandals. The source added there was no guarantee of a sale and Credit Suisse could ultimately retain the business. read moreGlobally, Credit Suisse's asset management business managed around $447 billion and had almost 1,200 employees, as of June 30, according to the bank's website. It offers both traditional products, such as mutual funds, as well as alternative investments including real estate and private equity. A number of banks have divested U.S. asset management units in recent years, due to intense competition from large managers and a squeeze on fees from the shift to passive investing.

☆ I’ve been following a woman around the internet. Turns out she was created by artificial intelligence.
▼ + stars: | 2022-10-16 | by ( Evan Ratliff | ) www.businessinsider.com time to read: +31 min

Even in their first efforts, the GAN images were quickly on par with those made by any other, less intelligent software. You can find the results on the Generated Photos site, where you can filter by ethnicity, age, sex, eye color, and other attributes. Generated Photos' GANs tend to match conventional beauty standards, a product of the models that have been fed to the software. I'm not sure anyone would be surprised to find fake images accompanying testimonials on an Estonian bitcoin exchange or an online CBD seller. Are they real people deploying fake images, or fake people deploying fake images?

☆ Wall Street shops get dinged for nearly $2 billion in penalties for failing to police bankers' use of Whatsapp
▼ + stars: | 2022-09-28 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Some of the world's largest banks from Goldman Sachs to Morgan Stanley will cough up nearly $2 billion in penalties to the US regulators for failing to sufficiently monitor their employees' use of unauthorized messaging apps. At the heart of the matter here are bankers' use of communications platforms like Whatsapp or Signal. These are encrypted messaging apps that bankers regularly use to communicate with clients and even journalists. The largest US banks, boutiques, and European lenders were caught up in a probe around the use of unauthorized messaging apps. Whatsapp, for example, is a popular messaging app with bankers dealing with clients based outside the US.

☆ Justin Trudeau Fast Facts
▼ + stars: | 2015-11-03 | by ( Cnn Editorial Research | ) edition.cnn.com time to read: +6 min

CNN —Here’s a look at the life of Canadian Prime Minister Justin Trudeau. While campaigning for prime minister, Trudeau endorsed the legalization of marijuana. TimelineApril 1972 - During a state visit with Prime Minister Pierre Trudeau, US President Richard Nixon makes a prediction: “Tonight, we’ll dispense with the formalities,” Nixon says. “I’d like to toast the future prime minister of Canada: to Justin Pierre Trudeau.”1998 - Trudeau’s brother, Michel Trudeau, is killed in an avalanche while skiing. The video shows Trudeau, British Prime Minister Boris Johnson, French President Emmanuel Macron, and Dutch Prime Minister Mark Rutte laughing.

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