Canada markets open in 8 hours 9 minutes
  • Business
    Reuters

    BNP Paribas profit tops estimates on lower costs and global banking

    BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling revenues elsewhere. The euro zone's biggest bank said group net income over the first three months of the year declined by 2.2% from a year earlier to 3.10 billion euros ($3.31 billion), beating the 2.4 billion-euro average of 19 analyst estimates compiled by the company. Revenues over the period came in at 12.5 billion euros, down 0.4% but also above the average analyst estimate of 12.2 billion euros.

  • Business
    Reuters

    Equinor Q1 profit beats forecast

    OSLO (Reuters) -Equinor on Thursday posted higher-than-expected profits for the first quarter and said this was driven by high production in its native Norway and strong operational performance. The Norwegian oil and gas producer's adjusted earnings before tax for January-March fell to $7.53 billion from $11.92 billion a year earlier amid lower gas prices, beating the $7.2 billion seen in a poll of 22 analysts compiled by Equinor. The decline in gas prices was only partially offset by production growth and increased oil prices, the company said.

  • News
    The Canadian Press

    US coalition warship shoots down missile fired by Yemen's Houthi rebels over the Gulf of Aden

    JERUSALEM (AP) — A warship — part of a U.S.-led coalition protecting shipping in the Mideast — intercepted an anti-ship ballistic missile fired over the Gulf of Aden on Wednesday, the American military said, marking a new attack by Yemen's Houthi rebels after a recent lull. The Houthis claimed the assault, which comes after a period of relatively few rebel attacks on shipping in the region over Israel's ongoing war on Hamas in the Gaza Strip. The explosion happened some 130 kilometers (80 miles)

  • Business
    Reuters

    BHP to reshape copper market with Anglo bid

    London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally. The deal, if agreed, would also trigger further transactions in the global mining industry, which has seen a flurry of mergers and acquisitions as companies look to raise exposure to metals deemed critical to the energy transition. Big read through for other copper producers clearly the global consolidation is on.