SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
Trump's relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional...Financeread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Retailread more
business@ (Adds comparison with IBES estimate, details on business units)
May 9 (Reuters) - TMX Group, Canada's biggest stock exchange operator, reported a quarterly profit that topped expectations on Thursday, helped by strength at its derivatives trading and global solutions business.
The Toronto-based company has been working on expanding its global reach, launching campaigns to attract international listings across all sectors.
Separately, the company said that Trayport Ltd - a wholly owned subsidiary - would acquire Vienna-based VisoTech, a European short-term energy trading solutions provider.
"The addition of VisoTech to TMX Group fits squarely within our growth strategy, enabling us to augment our global energy business with new innovative products and client solutions, while continuing to increase the portion of our revenue derived from recurring sources," Chief Executive Lou Eccleston said in a statement.
The transaction is expected to close in the second quarter of 2019.
Last October, TMX also signed an agreement with the Shanghai Clearing House (SHCH), aimed at expanding its footprint in China's financial markets. The partnership with SHCH will help link North American and Chinese bond markets, TMX said.
On an adjusted basis, the company earned C$1.30 per share, while analysts on average expected a profit of C$1.23 per share, according to IBES data from Refinitiv.
The company said net profit fell to C$61.2 million ($45.43 million), or C$1.09 per share, in the first quarter, from C$63.1 million, or C$1.13 per share, a year earlier.
Revenue in the global solutions, insights and analytics business, its biggest, rose 3 percent in the quarter to C$74.6 million. ($1 = 1.3472 Canadian dollars) (Reporting by Shradha Singh in Bengaluru; Editing by Peter Cooney)