TORONTO (Reuters) – Royal Bank of Canada's quarterly profit rose 22 percent on a sharp jump in fixed income trading revenue and steady loan growth, Canada's largest bank said on Thursday. RBC, which last month agreed to buy the Canadian auto finance arm of Ally Financial in a $4.1 bill ion deal, said it had earned C$1.9 billion, or C$1.25 a share, in the fourth quarter ended October 31. That compared with a year-earlier profit of C$1.6 billion, or C$1.02 a share. Excluding one-time items, the bank earned C$1.27 a share, which was just ahead of the analysts' average estimate of C$1. … Gildan profit rises on higher printwear sales volume
(Reuters) – Clothing maker Gildan Activewear Inc posted an 84 percent rise in fourth-quarter profit, helped by higher printwear sales volumes, and the Canadian company increased its quarterly dividend by 20 percent. Net income rose to $89 million, or 73 cents per share, from $48.5 million, or 40 cents per share, a year earlier. Net sales rose 17 percent to $561.7 million. Gildan, which supplies to the screenprint market in the United States and Canada, raised its quarterly dividend to 9 cents per share. (Reporting by Ankur Banerjee in Bangalore; Editing by Sriraj Kalluvila)
Royal Bank reports net earnings of $1.9 billion in fourth quarter, record year
TORONTO – The Royal Bank (TSX:RY) says it had a record annual profit in 2012, including $1.9 billion of net earnings in the fourth quarter.
UPDATE 2-Rugby-Carter starts for All Blacks against England
* Carter returns for All Blacks * Hansen makes three changes for England test * Squad hit by illness (Adds illness) Nov 29 (Reuters) – Flyhalf Dan Carter has recovered from a calf injury and will start for New Zealand in their final test of the year against England at Twickenham on Saturday. Carter, the standout flyhalf in world rugby, missed the 33-10 victory over Six Nations champions Wales in Cardiff but was named in the starting lineup to face England by coach Steve Hansen on Thursday. Deputy Aaron Cruden drops to the bench. …
German right won't snub Merkel in Greek vote: ally
BERLIN (Reuters) – Angela Merkel will not need votes from opponents on the left to get a bailout for Greece through the German parliament, a senior ally said on Thursday, despite a growing revo lt within the chancellor's conservative coalition. Less than a year before a general election in which she will seek a third term, Friday's vote on measures agreed by euro zone finance ministers this week to cut Greek debt is widely seen as a test of Merkel's authority over her own supporters. … Cricket-New Zealand level series despite Mathews resistance
COLOMBO, Nov 29 (Reuters) – Angelo Mathews’ resilience could not deny New Zealand their first test victory in Sri Lanka in 14 years as the visitors won the second test by 167 runs to level the two-match series on Thursday. Mathews struck a defiant 84 and resisted the New Zealand attack before being the last man out as Sri Lanka, resuming on 47 for four, folded for 195 runs 25 minutes after tea. The victory also ended New Zealand’s five-match losing streak, their worst in 57 years. …
Insight: France's love affair with nuclear cools
PARIS (Reuters) – For decades, the elite engineers turned out by Paris's grand Corps des Mines academy were faithful followers of the pro-atomic creed that transformed their country into the most nuclear-reliant n ation in the world. But a new generation of Mines graduates is starting to question that policy. It is a change of mindset that could aid efforts by President Francois Hollande to cut reliance on nuclear power from 75 percent to 50 percent of the electricity mix by 2025. … Congo rebels retreat to Sake
A rebel spokesman in Congo says his fighters have pulled back several miles (kilometers) to the town of Sake and are on track to leave the eastern city of Goma on Friday, in accordance with a deadline imposed by the nations neighboring Congo. EU to launch free trade negotiations with Japan: EU officials
BRUSSELS (Reuters) – EU trade ministers agreed on Thursday to start negotiations towards a free-trade agreement (FTA) with Japan, officials said, overcoming resistance from European carmakers who fear a deal might damage their industry. “Commission has a mandate for Japan FTA negotiation,” said one EU official in a text message. The agreement gives the European Commission, the EU executive, authority to negotiate with Japan on behalf of the 27 EU member states. …
Ethiopia: Official dismissed as wife faces charges
Ethiopia’s leader has fired a government minister whose wife faces terrorism charges.
UPDATE 1-Rugby-Farrell starts as England play it safe
* Farrell replaces injured Flood at flyhalf * Burns, Lawes on the bench to face All Blacks (Adds detail, quotes) LONDON, Nov 29 (Reuters) – England coach Stuart Lancaster went for the safe option on Thursday when he replaced injured flyhalf Toby Flood with Owen Farrell for Saturday’s game against New Zealand, with uncapped Freddie Burns on the bench. The only other change to the match 23 from last week’s one-point defeat by South Africa is the return of lock Courtney Lawes, who has played only a few minutes of test rugby all year, on the bench in place of Mouritz Botha. …
Wave of attacks in Iraq kills at least 39 people
A wave of bombings targeting Shiite Muslims in two major cities south of Baghdad killed at least 39 people and wounded more than 100 on Thursday morning, Iraqi officials said.
UN nuclear chief urges more cooperation from Iran
The head of the U.N. nuclear agency says he cannot provide a “credible assurance” for Tehran’s claims that all of its atomic activities are peaceful.
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