Chanel appoints Helene de Tissot as new CFO

As Wall Street’s biggest banks delivered blowout second-quarter results, Morgan Stanley played a leading role in taking SpaceX public during the quarter, sharing a $100 million underwriting fee with Goldman Sachs. Pick framed the macro environment in direct terms during a call with analysts: the AI boom and what he called “the return of geopolitics”…

Outgoing chief executive Michael Rousseau said the deal would strengthen the balance sheet and support a push toward an investment grade credit rating, Reuters reported.   Fitch Ratings revised its outlook on the carrier to positive from stable on Tuesday, citing the Aeroplan transaction, and affirmed its BB issuer default rating.  Air Canada posted a net…

Standard Chartered Saadiq’s strength in Islamic project finance is underpinned by its ability to combine global structuring expertise, sustainable finance capabilities and deep experience in Shariah-compliant capital markets. Through Saadiq, the bank operates one of the most extensive international Islamic banking platforms, spanning the Middle East, Asia and Africa. Its proposition combines dedicated Shariah expertise…

Restoring housing affordability in Canada could require up to $1.7 trillion in additional investment over the next decade, according to a new analysis by economist Charles St-Arnaud. The estimate is based on the roughly 4.8 million homes Canada Mortgage and Housing Corporation says must be built over 10 years to return affordability to more sustainable…

A criticism repeated against Substantial Insorporation Structure (SIS) arrangements is that transferring the beneficial ownership of mortgaged properties to a company must have breached the mortgage terms, making the transfer ineffective and automatically invalidating Section 162 Incorporation Relief. That argument compresses several separate legal questions into one convenient conclusion. The evidence heard during the ten-day…

Uttara Ananthakrishnan, an associate professor of information systems at the University of Washington, told Business Insider that she wouldn’t be surprised if YouTube and TikTok announce similar restrictions in the coming days. Ananthakrishnan, who has authored several research papers about the addictive qualities of TikTok, said that while she welcomed the restrictions announced Wednesday, she…