August 25th, 2019

Business

Royal Bank hikes dividend as Q3 net income rises to $3.3B, but misses estimates

By Armina Ligaya, The Canadian Press on August 21st, 2019

TORONTO – Royal Bank of Canada increased its dividend as its third-quarter profits rose five per cent to $3.3 billion, but the lender’s latest earnings fell short of analyst expectations. The Toronto-based lender said Wednesday it will now pay a quarterly dividend of $1.05 per share, up three cents or three per cent. The increased ... Read More »

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Pembina buying Kinder Morgan Canada and U.S. portion of Cochin pipeline

By The Canadian Press on August 21st, 2019

CALGARY – Pembina Pipeline Corp. has signed a deal to buy Kinder Morgan Canada Ltd. and the U.S. portion of the Cochin pipeline system in an agreement it valued at a total of about $4.35 billion. Upon closing of the deal with Kinder Morgan Inc., Pembina says it will increase is monthly dividend by a ... Read More »

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Royal Bank hikes its dividend as its Q3 net income rises 5% to $3.3B

By The Canadian Press on August 21st, 2019

TORONTO – Royal Bank of Canada increased its dividend as it reported $3.3 billion in net income for its third quarter, up five per cent from $3.1 billion a year ago. The bank says it will now pay a quarterly dividend of $1.05 per share, up three cents or three per cent. The Toronto-based bank’s ... Read More »

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Royal Bank hikes its dividend as its Q3 net income rises 6% to $3.3B

By The Canadian Press on August 21st, 2019

TORONTO – Royal Bank of Canada increased its dividend as it reported $3.3 billion in net income for its third quarter, up six per cent from $3.1 billion a year ago. The bank says it will now pay a quarterly dividend of $1.05 per share, up three cents or three per cent. The Toronto-based bank’s ... Read More »

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China says British consulate staffer detained 15 days

By The Associated Press on August 21st, 2019

BEIJING – China says a staffer at the British consulate in Hong Kong has been given 15 days of administrative detention in the Chinese city of Shenzhen. At a daily briefing Wednesday, foreign ministry spokesman Geng Shuang offered no details about why he was being detained. The British foreign ministry had said it was “extremely ... Read More »

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Trump acknowledges China policies may mean US economic pain

By Kevin Freking And Josh Boak, The Associated Press on August 20th, 2019

WASHINGTON – President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they’re needed for more important long-term benefits. He contended he does not fear a recession but is nonetheless considering new tax cuts to promote growth. Asked if his trade war with China could tip the ... Read More »

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UK, EU only harden their positions on Brexit as G-7 nears

By Raf Casert And Danica Kirka, The Associated Press on August 20th, 2019

BRUSSELS – The European Union and Britain, which are hurtling toward a costly, damaging no-deal split in a little over two months, kicked off a high-wire week of diplomacy Tuesday by entrenching themselves deeper in their irreconcilable positions. Highlighting new British Prime Minister Boris Johnson’s determination to leave the bloc on Oct. 31 even if ... Read More »

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Marvel’s involvement in ‘Spider-Man’ movies may be in doubt

By Lindsey Bahr, The Associated Press on August 20th, 2019

LOS ANGELES – With great success comes great re-negotiation. In the wake of the announcement that “Spider-Man: Far From Home” is now the highest-grossing film ever in Sony Pictures’ history, reports surfaced that Marvel Studios may be stepping away from the cross-studio partnership. The Hollywood trade Deadline reported Tuesday that there was a disagreement over ... Read More »

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2015 North Dakota liquid gas spill much bigger than reported

By James MacPherson, The Associated Press on August 20th, 2019

BISMARCK, N.D. – A 2015 pipeline spill of liquid natural gas in western North Dakota is hundreds of thousands of gallons larger than originally reported and may take another decade to clean up, state health officials said Tuesday. Oklahoma-based Oneok Partners LP reported a 10-gallon spill of natural gas liquids, or “condensate,” from a pipeline ... Read More »

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Trump acknowledges China polices may mean US economic pain

By Kevin Freking And Josh Boak, The Associated Press on August 20th, 2019

WASHINGTON – President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they’re needed for more important long-term benefits. He insisted he’s not fearing a recession but is nonetheless considering new tax cuts to promote growth. Asked if his trade war with China could tip the country ... Read More »

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