Nordstrom Inc. to close all stores in Canada
Nordstrom Inc. is winding down its Canadian operations and closing all 13 of its stores in the country. Sean O’Shea reports.
Nordstrom Inc. is winding down its Canadian operations and closing all 13 of its stores in the country. Sean O’Shea reports.
(Bloomberg) -- Canada increased oil production in the second half of last year, but came short of its pledge to boost output by 200,000 barrels a day to help nations trying to shift away from Russian supplies after the Ukraine invasion.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion Offer
The British arm of Silicon Valley Bank has paid staff up to £20m in bonuses after it was bought by HSBC in a rescue deal.
China is launching an annual recruitment of college graduates in large and midsize cities, the official Xinhua news agency said on Sunday, as authorities double down on efforts to meet a more ambitious job creation goal this year. The recruitment drive, hosted by the Ministry of Human Resources and Social Security, will last from Sunday to May 26, Xinhua said. China aims to create around 12 million urban jobs this year, up from the 2022 target of at least 11 million.
(Bloomberg) -- Taiwan’s exports of integrated circuit chips to China and Hong Kong fell for a fourth month in February as Washington-Beijing tensions simmer and demand for electronics continues to drop off. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks
SINGAPORE (Reuters) -Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in U.S. interest rates this week. Brent crude futures for May settlement fell $2.32, or 3.2%, to $70.65 a barrel at 0710 GMT. Last week, Brent fell nearly 12%, its biggest weekly fall since December.
Retirement is the culmination of decades of financial decisions, and the unfortunate truth is that some of those decisions aren't always good. This is exceedingly common, in fact. At present, millions...
The danger posed by paper losses on bonds is newly relevant with the failure of Silicon Valley Bank. The debate about their treatment goes back decades.
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A Russian court on Monday froze all Volkswagen assets in Russia, court documents seen by Reuters showed. Volkswagen was one of a string of foreign carmakers that suspended operations in Russia after western countries imposed unprecedented sanctions on Moscow over the conflict in Ukraine. Russian auto manufacturer GAZ, which was contracted to produce Volkswagen vehicles at its factory in Nizhny Novgorod, had sued the German carmaker for breach of contract after Volkswagen terminated the agreement in August.
China’s reopening is set to add momentum to global economic growth, and despite the negative price movement in crude this week, oil bulls remain optimistic
When Premier Doug Ford's government tables its new budget on Thursday, expect to see more than $6 billion devoted to subsidizing hydro bills. Although previous Liberal governments also spent taxpayer money on lowering electricity prices, Ford's Progressive Conservatives have taken it to such a level that it is now one of the single biggest line items in the Ontario budget. The 2022-23 provincial budget earmarked $6.3 billion for "electricity cost-relief programs," nearly four times as much as th
Commodity analysts at Standard Chartered warn that the oil price crash has been exacerbated by hedging activity–specifically, due to gamma hedging effects
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At least two major banks in Europe are examining scenarios of contagion in the region's banking sector and are looking to the Federal Reserve and the ECB for stronger signals of support, two senior executives close to the discussions told Reuters. The fallout from the crisis of confidence in Credit Suisse Group AG and the failure of two U.S. banks could ripple through the financial system next week, the two executives separately told Reuters on Sunday. The two banks have held their own internal deliberations on how soon the European Central Bank should weigh in to highlight banks' resilience, specifically their capital and liquidity positions, the people said.
Martin Lewis has issued a warning to millions of people who are saving into a workplace or private pension scheme. Source: The Martin Lewis Money Show, ITV
Your retirement benefit amount depends on how much you've earned over your lifetime at jobs for which you paid Social Security taxes -- and the age at which you claim. You can claim Social Security...
Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions. The European Union has set a goal to halve CO2 emissions per passenger car over their life cycle by the end of this decade compared to 2020 and is seeking agreement on a 2035 deadline to end the sale of fossil fuel cars. Mercedes has said it will be ready to go electric by the end of the this decade, where market conditions allow.
Ending hydrocarbon exploration will threaten Colombia’s energy self-sufficiency and challenge the country’s energy security, and these are negative developments that President Petro may wish to avoid
A federal judge is giving Oklahoma and nearly a dozen poultry companies, including the world’s largest poultry producer, Tyson Foods, an additional 90 days to reach an agreement on plans to clean a watershed polluted by chicken litter. U.S. District Judge Gregory Frizzell on Friday scheduled a June 16 status conference in Tulsa, saying both sides requested the extension. The state and the poultry companies are to submit a joint status report by June 9.