Direct Loan Canada Blog

Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market.
Source: ctv business
Deutsche Bank shares drop amid global jitters over banks

Canadian retail sales rose in January, a sign of consumer strength even as inflation continued to push prices higher.
Source: ctv business
Statistics Canada says retail sales up 1.4 per cent in January

Hershey Co. is looking to reduce ‘trace’ amounts of lead and cadmium in its chocolate, chief financial officer Steve Voskiul told Reuters on Wednesday, after Consumer Reports found that some dark chocolate bars had potentially harmful levels of the heavy metals.
Source: ctv business
Hershey looking to remove lead, cadmium from chocolate

Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen (US $15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
Source: ctv business
Scandal-plagued Japan tech giant Toshiba gets tender offer

Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an international economic forum.
Source: ctv business
China detains staff, raids office of U.S. due diligence firm Mintz Group

Canada’s main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the energy stocks as the price of oil moved lower, while U.S. stock markets also retreated.
Source: ctv business
S&P/TSX composite down nearly 100 points, U.S. stock markets also retreat

The number of Canadians receiving employment insurance benefits are at record lows and down 44 per cent from last year, new figures from Statistics Canada show.
Source: ctv business
Number of Canadians receiving EI at record lows, down 44 per cent from last year: StatCan

Embattled South Carolina Comptroller General Richard Eckstrom will resign next month after a US$3.5 billion accounting error in the year-end financial report he oversaw.
Source: ctv business
South Carolina’s top accountant to resign after US.5-billion error

Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a US$40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European country’s interior minister said Thursday.
Source: ctv business
Crypto firm founder Do Kwon arrested in Montenegro

The Bank of England focused on fighting inflation, announcing an 11th consecutive interest rate increase Thursday despite concerns about the economic fallout from troubles in the global financial system.
Source: ctv business
U.K. central bank hikes rates like U.S. Fed amid financial turmoil