Here are the top reads on deals and financial services over the last 24 hours,
Goldcorp’s Ian Telfer gives up director seat at Newmont amid outcry over retirement payment: After an outcry over a huge bump in his retirement benefits, Goldcorp Inc.’s chairman Ian Telfer won’t be joining the board of Newmont Mining Corp. after all. Last week, Goldcorp’s board approved a near-tripling in Mr. Telfer’s retirement cash benefit to US$12-million from US$4.5-million that is payable should Newmont succeed in its plans to buy Goldcorp. Story (Niall McGee, for subscribers)
Canadian regulators propose new rules to govern cryptocurrency exchanges, protect users: Canadian regulators are proposing new rules to govern cryptocurrency exchanges and prevent users of such trading platforms from losing access to their funds. The planned measures from the Canadian Securities Administrators (CSA), an umbrella organization that represents provincial securities regulators, and the Investment Industry Regulatory Organization of Canada (IIROC) aim to curtail risks associated with cryptocurrency trading platforms, the online marketplaces where people go to buy and sell virtual currencies. Story (Alexandra Posadzki)
MORE FINANCIAL SERVICES NEWS
Lawsuit: A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading. Story
MORE DEALS NEWS
IPO: Tesla Inc will unveil its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Story
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