OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

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China ramps up de-dollarization efforts by dumping a record amount of US bonds
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Nvidia earnings could spark $200 billion swing in shares, options show
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London Drugs says it's unwilling to pay ransom demanded by hackers
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‘All Eyes on TD,’ US Probes as Canadian Bank Earnings Begin
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Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
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Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cut
"Canadians look likely to get a small dose of rate relief in the coming weeks."
Barrons.com
GameStop, AMC Are Down. Investors Lost $13 Billion on Meme Stocks Last Week.
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INSIDER
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
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OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

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