By Nichola Saminather and C Nivedita (Reuters) – Canadian Imperial Bank of Commerce <CM.TO> became the second Canadian bank in as many months to reveal lay offs as it contends with a tough environment for revenue growth. Victor Dodig, chief executive of Canada’s fifth-largest bank, told staff on Thursday that CIBC needs to challenge itself […]
By Kelsey Johnson and David Ljunggren OTTAWA (Reuters) – The Bank of Canada maintained its key overnight interest rate at 1.75% as expected on Wednesday but opened the door to a possible cut should a recent slowdown in Canadian economic growth drag on. The central bank – which has kept rates unchanged since October 2018 […]
By Fransiska Nangoy and Wilda Asmarini JAKARTA (Reuters) – Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection. President Joko Widodo’s sprawling “Job Creation” bill seeks to change about […]
