The news agency Bloomberg was fined Monday five million euros by the gendarme of the Paris Bourse, for having disseminated in 2016 without verifying false information that had lowered the price of Vinci. The financial agency, which exerts a great influence on the trading rooms, had taken again the contents of a false press release according to which the group of BTP launched a revision of its accounts following irregularities "very serious" and dismissed its chief financial officer, recalls in a press release the Autorité des Marchés Financiers (AMF). The representative of the college of the AMF had requested this fine on November 15 before the sanctions commission of the stock market policeman, and was therefore followed up. Bloomberg has announced its intention to appeal. ...

GUEST EXPERT. In financial planning for retirement, there are several risks to consider and manage: risk of volatility of the chosen investments (risk of loss), risk of inflation (if the chosen investments do not generate enough return), risk of loss employment or disability (which would affect the ability to save), risk of divorce (which could have a very negative impact on retirement savings) ... Among all these risks, there is one that is frequently forgotten or ignored: the risk of survival. It may seem counter-intuitive to speak of a risk of survival, and the risks mentioned above surely appear more… risky! However, if a good portion of your retirement income comes from your own assets, you should absolutely worry about the risk of survival, that is to say the risk of de...

Heroux-Devtek's profit soared in the third quarter. The Quebec aeronautical firm posted a profit of $ 7.4 million or 20 cents per share on Thursday during this period, compared to only $ 626,000 or 2 cents per share at the same time last year. Its quarterly sales increased from $ 97 million to $ 144.5 million, an increase of 49 percent. Commercial sales increased by 25.7 percent and defense-related sales by 76 percent. Adjusted earnings for the company were $ 9.4 million or 26 cents per share, compared to $ 5.7 million or 16 cents per share a year ago. Héroux-Devtek specializes in the design, development, manufacturing, repair, maintenance and overhaul of landing gear, hydraulic and electromechanical actuators for flight controls, custom-made ball screws and components revie...

Crude oil inventories in the United States, to analysts' surprise, fell last week while production fell somewhat, according to figures released Wednesday by the US Energy Information Agency ( EIA). During the week ended March 8, crude oil reserves fell 3.9 million barrels to 449.1 million, where analysts polled by Bloomberg predicted growth of 3 million barrels. American production, meanwhile, fell slightly after reaching a record in previous weeks, with the United States extracting an average of 12 million barrels per day (mbd). The rate of refineries has at the same time stabilized, the latter operating on average at 87.6% of their capacity against 87.5% the previous week. Gasoline inventories fell by 4.6 million barrels, more than the decline of 3 million anticipated by ana...

TransCanada (TRP) officially removes "Canada" from its name, but its CEO, Russ Girling, does not expect this to facilitate approval for pipelines in Canada or the United States. The Calgary-based company will now be called TC Energy, now that its shareholders approved the name change at the company's annual meeting on Friday. "The name TC Energy recognizes our origin as TransCanada Pipelines, while the addition of my" energy "evokes the breadth of our business, which includes pipelines, power generation and energy storage" said Girling. “But let's be clear, it's a change of name, not a change of brand. We are very proud of who we are and what we do." The company said the name change reflected growth in the United States and Mexico, notably through its recent acquisition o...

Canadian Natural Resources (CNQ) posted second-quarter earnings higher than expected by analysts on Thursday, as higher crude oil prices helped offset lower production volumes. Calgary oil company posted net earnings of $ 2.8 billion, or $ 2.36 per share, for its most recent quarter, almost three times higher than $ 982 million, or 80 cents per share , from the same period last year. On an adjusted basis, earnings for the quarter ended June 30 reached $ 1.04 billion, or 87 cents per share, down from $ 1.28 billion, or $ 1.04 per share, in the second quarter of 2018. Analysts on average were targeting adjusted earnings per share of 85 cents, starting at revenue of $ 1.049 billion, according to forecasts collected by financial data firm Refinitiv. Quarterly production averaged t...

The British banking giant HSBC (HSBA) announced Monday the surprise departure of its boss John Flint and the loss of 4,000 jobs in the face of the many challenges to be faced between trade wars, Brexit and low rates. The group said in a statement that John Flint had decided to leave his post of chief executive officer today in agreement with the board of directors.  HSBC has not given a specific reason for the sudden departure of Mr. Flint after less than two years in this position. But the group said a change at the top was needed, warning investors that a tough time was coming. “In the increasingly complex and demanding global environment in which the bank operates, the board of directors believes that a change is necessary to face the challenges we face and to seize ...

Trans Mountain, nationalized by the Canadian government, announced Wednesday the relaunch of the expansion of its controversial oil pipeline between the Pacific coast and the Alberta oil fields, hoping to have tripled its capacity by mid-2022. "Trans Mountain has issued start-up notice directives to some of its major construction contractors" and "construction will soon begin in communities along the route," said a news release. In particular, "this notably results in an immediate return to work at the Burnaby terminal and on land at the Westridge marine terminal", in the suburbs of Vancouver, it is specified. These works are expected to triple the capacity of the Trans Mountain pipeline, to flow 890,000 barrels of oil per day over 1,150 km between Alberta, a provi...

Suncor Energy (SU) plans to spend $ 1.4 billion to replace its coke boilers with two cogeneration units at its oil sands plant north of Fort McMurray, Alberta. The company said the units would produce steam for its extraction and recovery processes and generate 800 megawatts of electricity. The change will also help reduce costs. Suncor explained that replacing coke boilers with cogeneration units will reduce greenhouse gas emissions from the plant's steam production by approximately 25%. Emissions of sulfur dioxide and nitrogen oxides are also expected to be reduced by around 45% and 15% respectively. The project is expected to be in service in the second half of 2023. ...

Crude oil inventories fell for the fourth week in a row in the United States, according to figures released Wednesday by the US Energy Information Agency (EIA). During the week ended September 6, crude oil reserves fell 6.9 million barrels to 416.1 million, where analysts polled by Bloomberg expected a drop of 2.9 million barrels. This drop above expectations is due in particular to a slight acceleration in the rate of refineries, which operated on average at 95.1%, against 94.8% the previous week, in their capacities, and by a drop in imports (6 725 million barrels per day against 6,904 mbd the previous week).  Gasoline inventories fell 700,000 barrels, while analysts expected a decline of 1 million barrels. Reserves of other distilled products (heating oil and diesel)...