PRESS DIGEST- New York Times business news - May 23
May 23 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
TORONTO Aug 7 TMX Group Ltd, the operator of the Toronto Stock Exchange, took a massive writedown on its U.S. options investment that pushed it to a loss in the second quarter, but it reported a 13 percent rise in adjusted profit on flat revenue on Thursday.
The net loss attributable to shareholders was C$26.4 million, or a loss of 49 Canadian cents per share, compared with a profit of C$25.5 million, or 47 Canadian cents per share, a year earlier.
Excluding a C$128.4 million pre-tax non-cash impairment charge related to its Box U.S. options business and other costs, the company earned C$1.01 per share. (Reporting by Alastair Sharp; Editing by Ken Wills)
WASHINGTON, May 23 The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - GLOBAL MARKETS Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak". WORLD OIL P