Breadcrumb Trail Links PMN Business Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker’s now-halted expansion in northern Sweden. Author of the article: Bloomberg News Charles Daly, Rafaela Lindeberg and Niclas Rolander Published Oct 08, 2024 • 3 minute read Article […]
Article content (Bloomberg) — Honda Motor Co. said it’s open to altering its electrification roadmap if demand for pure battery cars continues to wane, a sign the Japanese automaker may ultimately join international peers in walking back electric vehicle targets. “There’s enough room to adjust the time line of establishing EV factories globally and change […]
Breadcrumb Trail Links PMN Business Power Sustainable, an investment firm controlled by Canada’s billionaire Desmarais family, tapped Bruce Heyman as its chief executive officer with a mandate to attract more capital from global institutional investors. Author of the article: Bloomberg News Mathieu Dion Published Oct 02, 2024 • 2 minute read Bruce Heyman, right, and […]
Breadcrumb Trail Links PMN Business Key industry and government officials are urging US dockworkers and their employers to avoid a strike at East and Gulf coast ports this week, though many facilities are already bracing for a shutdown. Author of the article: Bloomberg News Laura Curtis and Josh Wingrove Published Sep 29, 2024 • 5 […]
Breadcrumb Trail Links PMN Business Former Bank of Canada Governor Stephen Poloz is examining a list of ideas to get the country’s pension funds to invest more in the domestic economy – including the creation of a pooled fund that would make dealmaking easier for some of them. Author of the article: Bloomberg News Erik […]
Article content (Bloomberg) — Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting. Official data published Tuesday showed consumer prices rose 4.66% in the first two weeks of the month from the same period […]
Article content (Bloomberg) — Swedish landlord SBB is preparing to kick off an initial public offering for its residential unit next week in Stockholm, according to a person familiar with the matter. Samhallsbyggnadsbolaget i Norden AB — as the company is also known — is planning to formally start the marketing of the unit’s IPO […]
Article content (Bloomberg) — Toronto-Dominion Bank said Chief Executive Officer Bharat Masrani will retire in April and Raymond Chun will take the top job, as the bank grapples with investigations by the Department of Justice and financial regulators into lapses of money-laundering controls at its US branches. Chun, 55, who’s currently head of TD’s Canadian […]
Breadcrumb Trail Links PMN Business Canada’s newly expanded oil pipeline to the Pacific is opening new markets for the country’s crude in Asia while reducing flows off the US Gulf Coast, at least partly fulfilling the project’s promise of diversifying the industry’s customer base. Author of the article: Bloomberg News Robert Tuttle Published Sep 16, […]
Article content (Bloomberg) — Air Canada reached a last-minute pact with the pilots’ union, averting a strike that would have grounded more than 1,000 daily flights worldwide. Air Canada and the Air Line Pilots Association, which represents the company’s more than 5,000 pilots, arrived at a tentative agreement for a new four-year contract, according to […]