Category: PMN Business

Jun 22

Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Sylvie Corbet Published Jun 22, 2023  •  2 minute read Join the conversation Article content PARIS (AP) — Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in loans, the French government announced Thursday on the sidelines […]
Jun 21

Biden’s 3 Federal Reserve nominees appear likely to win Senate approval

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press By Christopher Rugaber And Ken Sweet Published Jun 21, 2023  •  2 minute read Join the conversation Article content WASHINGTON (AP) — President Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing Wednesday […]
Jun 20

IMF applauds Canada’s climate action, warns of ‘race to the bottom’ with subsidies

Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Nojoud Al Mallees Published Jun 20, 2023  •  2 minute read Join the conversation The International Monetary Fund is crediting Canada for its “multipronged” approach to addressing climate change, but is warning that its green subsidies could stoke an international race to the […]
Jun 20

Canada’s oil output would plummet by 2050 in a net-zero world, new modelling shows (0621 Canada-Energy-Future, CP, 611 words, Business, National, Oil&Gas, Environment, B, G, 06/20/23 02:20 PM)

Share this Story: Canada’s oil output would plummet by 2050 in a net-zero world, new modelling shows (0621 Canada-Energy-Future, CP, 611 words, Business, National, Oil&Gas, Environment, B, G, 06/20/23 02:20 PM) Breadcrumb Trail Links PMN Energy PMN Business Author of the article: The Canadian Press Amanda Stephenson Published Jun 20, 2023  •  3 minute read […]
Jun 20

Net Zero World Seen Crushing Canada’s Oil Output 76% by 2050

Article content (Bloomberg) — Canada’s oil production would plunge 76% in less than three decades if the world took sufficient action to limit global warming to 1.5C (2.7F), according to government projections released Tuesday, underscoring the challenges the country faces amid global efforts to curtail emissions.  Article content Output from the nation’s oil industry — […]
Jun 19

Canaccord Cuts Bonuses, Plots Expansion of Employee Equity Plans

Article content (Bloomberg) — Canaccord Genuity Group Inc. cut bonuses due to a plunge in dealmaking activity and is exploring ways to boost employee stock ownership after a bid to go private failed. Article content Compensation expenses fell 25% at the Canadian financial firm to C$936.9 million ($709.1 million) in the fiscal year ended March […]
Jun 18

Finland’s conservative party picks ministers for right-wing coalition government

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jari Tanner Published Jun 18, 2023  •  2 minute read Join the conversation From left, Swedish People’s Party chair Anna-Maja Henriksson, National Coalition Party chair Petteri Orpo, The Finns Party chair Riikka Purra and Christian Democrats chair Sari Essayah announce that the government […]