RBC Financial News

(Reuters) — Exxon Mobil (NYSE:XOM) is in advanced talks to acquire Pioneer Natural Resources (NYSE:PXD) in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with the matter.

Bankers are resigned to another year of weak bonuses as a global glut in deal making across mergers and acquisitions and capital markets slims fees at investment banks.

Younger Canadians don’t want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report.

Mid-tier stockbroker Shaw and Partners is on a hiring spree, adding to its research and equity capital markets teams.

The owners of a 55.45 per cent stake in Melbourne toll road EastLink are ready to launch the mooted auction,after the auction’s big gorilla, Transurban, was handed a speeding ticket by the competition regulator on its ability to bid.

RBC Wealth Management has added a Kansas-based team that managed $1 billion in client assets at UBS, the firm announced Thursday.

By Iain Withers

Russia's fuel export ban counteracted fears that slowing economies and high interest rates could crimp demand. Brent futures were up 78 cents, or 0.84%, at $94.08 a barrel by 1443 GMT, while U.S. West Texas Intermediate crude (WTI) futures rose by $1.02, or 1.14%, to $90.65 a barrel. For the week, both benchmarks were relatively flat, after rising more than 10% in the previous three weeks on concerns about tight global supply. Russia's Transneft suspended deliveries of diesel to the key Baltic and Black Sea terminals of Primorsk and Novorossiysk on Friday, state media agency Tass said. Russia temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect to stabilise the domestic fuel market, the government said on Thursday, without a specified end date. The ban will «bring new uncertainty into an already tight global refined product supply picture and the prospect that the impacted countries will be seeking to bid up cargoes from alternative suppliers,» RBC said in a note. Russian wholesale gasoline prices were down nearly 10% and diesel down 7.5% on Friday on the St.

Bad news on Thursday morning for the fifty-strong team advising Transurban on its pursuit of Melbourne’s EastLink toll road, after the competition regulator said it would oppose any acquisition.

Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.

RBC Wealth Management has recruited a financial advisor who oversaw $435 million in client assets at UBS,the firm announced Wednesday.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: an Outperform initiation for IBM, and upgrades for Pinterest, Royal Caribbean , Carnival, and Methanex.

RBC analysts initiated research coverage on IBM (NYSE:IBM) with an Outperform rating and a $188 per share price target, which is a new Street high target.

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By Davit Kirakosyan

By Marie Mannes

Renewables developer Edify Energy has been sounding investors for a 185-megawatt battery energy storage system in Victoria via ICA Partners, the same adviser that helped it sell NSW’s biggest battery last year.

(Bloomberg) — A group of Hollywood A-listers including Mark Ruffalo and Joaquin Phoenix are calling on the Toronto International Film Festival to drop the Royal Bank of Canada as a sponsor, calling the firm “one of the most polluting companies” in Canada.

dollar was broadly steady on Wednesday ahead of a key U.S. inflation report later in the day, though it rose on the yen as traders assessed comments from Japan's top central banker on a possible early exit from its negative interest rate policy. The U.S.

Good morning,