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Bank of Nova Scotia

  • Apple in talks to launch Apple Pay in Canada - WSJ Friday, 17 Apr 2015 | 11:41 AM ET

    April 17- Apple Inc is planning to launch its electronic payments service in Canada in November, the first international expansion of Apple Pay, the Wall Street Journal reported, citing people familiar with the matter. The iPhone maker is in talks with Canada's six biggest banks, Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal,...

  • OTTAWA, April 9- Bank of Nova Scotia expects strong growth this year in the Pacific Alliance markets of Mexico, Peru, Chile and Colombia, and could make acquisitions to bolster its position there, a top executive said on Thursday. McGuckin said Scotiabank, the most international of Canada's big banks, is seeing particular strength in Mexico, with a pickup in the U.S....

  • First-quarter deal-making activity was more robust in Mexico than anywhere else in Latin America for only the second time in a decade. Thomson Reuters data shows the value of announced mergers and acquisitions in Mexico reached $8.64 billion, above Brazil's $8.51 billion. Illustrating how the tables have turned, $13.93 billion worth of M&A deals were...

  • *ICE Benchmark Administration operating new process. LONDON, March 20- The new London Bullion Market Association Gold Price went live for the first time on Friday, with Goldman Sachs and UBS joining the four members of the now defunct gold "fix" in setting its electronic replacement. Goldman and UBS joined Barclays, HSBC, Bank of Nova Scotia and Societe Generale to...

  • March 19- Canada's Bank of Nova Scotia sued Cliffs Natural Resources Inc, saying the U.S. iron ore miner had breached terms of a loan agreement when it filed for creditor protection for its Canadian operations. Cliffs in January stopped production at its Bloom Lake mine in Quebec, where costs exceeded expectations, and started restructuring the Canadian...

  • *Treasury to sell $13 bln in 10- year TIPS. NEW YORK, March 19- U.S. long-dated Treasury yields slipped on Thursday while other maturities were little changed a day after the Federal Reserve surprised markets by suggesting a less aggressive timeline for raising interest rates. Fed policymakers "are admitting that... we live in a world that is still more susceptible...

  • LONDON, March 19- Six institutions will start setting gold prices electronically on Friday, as Intercontinental Exchange completes a sweeping change to London's bullion benchmarks and dispenses with the century-old gold "fix". Friday's move to electronic auctions should repair outside perceptions of London's role in the market, damaged by the one known...

  • March 19- Iron ore miner Cliffs Natural Resources Inc has been sued by Canada's Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec. Cliffs' application for creditor protection in Canada "constituted a default" under the loan agreement, accelerating the company's payment obligations, Scotiabank...

  • March 19- Iron ore miner Cliffs Natural Resources Inc said it has been sued by Canada's Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec. The biggest U.S. iron ore miner said in January it was seeking creditor protection for its Canadian operations. Cliffs Natural said in November it would cease...

  • LONDON, March 19- Six participants will be involved in setting the first London Bullion Market Association gold price, an electronic benchmark brought in to replace the London gold fix, Intercontinental Exchange said on Thursday. The four current members of the century-old gold fix, Barclays, HSBC, Bank of Nova Scotia and Societe Generale, will be taking part in...

  • "In January 2015, UBS was added to an ongoing putative class action against other banks in federal court in New York on behalf of a putative class of persons that transacted in physical silver or a silver financial instrument priced, benchmarked, and/or settled to the London silver fix at any time from January 1, 1999 to an unspecified date," UBS said in the report.

  • Gold's eight-session drop to Wednesday was longest in 6 years. LONDON, March 12- Gold steadied on Thursday as a retreat in the dollar from 12- year highs arrested its eight-session slide, though speculation that U.S. interest rates could rise sooner rather than later kept prices under pressure. Gold fell to its lowest since Dec. 1 on Wednesday at $1,147.10 an ounce...

  • TREASURIES-Euro bond purchases weigh on U.S. yields Monday, 9 Mar 2015 | 11:26 AM ET

    Treasuries prices rose on Monday as yields tracked lower with euro zone interest rates being pressured by the launch of the European Central Bank's 1.1 trillion euro bond-buying program. The 30- year Treasury was up as much as 1 full point in price and yielding 2.787 percent in late-morning New York trade, after closing on Friday with a yield of 2.839 percent.

  • March 3- Bank of Nova Scotia posted a lower-than-expected quarterly profit on Tuesday, hurt by an increase in credit-loss provisions and higher expenses, and its shares fell 1.4 percent. The results at Scotiabank, Canada's No. 3 lender, round out a mixed quarter for the country's big banks. Royal Bank of Canada and Canadian Imperial Bank of Commerce topped profit...

  • March 3- Bank of Nova Scotia posted a lower-than-expected quarterly profit on Tuesday, hurt by an increase in credit-loss provisions and higher expenses, sending its shares down about 1.6 percent. The results at Scotiabank, Canada's No. 3 lender, round out a mixed quarter for the country's big banks, with Royal Bank of Canada and Canadian Imperial Bank of Commerce...

  • The banks are HSBC Holdings Plc, Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS Group AG, the Journal said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said...

  • The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said on...

  • Feb 23- The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks for a possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquiries. The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG,...

  • *TSX ends down 71.86 points, or 0.47 percent, at 15,212.75. TORONTO, Feb 18- Canada's main stock index slipped on Wednesday, its first decline in six sessions, as shares of oil and gas companies were weighed down by the stalling momentum of a recent rally in the price of oil. "If the dollar backs off a little bit and crude oil continues to gain some traction at these prices,...

  • TORONTO, Feb 18- Canada's main stock index slipped on Wednesday as a recent rally in the price of oil began showing signs of losing momentum, weighing on energy producers' shares. Investors also followed news that Greece will submit a request to the euro zone to extend a "loan agreement" for up to six months. However, Germany said no such deal was in the works and Athens...