-- National Bank of Canada said it expects some near-term softness through Q2 for the Canadian dollar (CAD or loonie) but it looks for the currency to strengthen into the second half of the year.
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Mining & Metals
Fairfax India to Increase Stake in IIFL Capital Services to 51%
Fairfax India (FIH-U.TO), through its unit, FIH Mauritius Investments, entered into an investment agreement with IIFL Capital Services and its existing promoters pursuant to which Fairfax India, through a combination of deals, will increase its ownership interest in IIFL Capital, it said Thursday.Shares of the company closed up 1.1% to $18 on Wednesday on the Toronto Stock Exchange.
$FIH-U.TO
Asia
Value Convergence Names Co-Chairs
Value Convergence (HKG:0821) named Wong Kam Fat as co-chairman effective Thursday, with current Chair Zhang Li.Wong has been the financial services group's vice chair since April 2022, according to a same-day Hong Kong bourse filing about the appointment and redesignation move.
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Asia
Hsino Tower Subsidiaries Shortlisted for China State Grid's Transmission Tower Construction Equipment Bid
China's State Grid shortlisted Hsino Tower (SHA:601096) subsidiaries for an equipment procurement bid for the construction of steel pipe transmission towers, according to a Thursday filing with the Shanghai bourse.The pre-award amount for the bids is 665 million yuan.
$SHA:601096