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 HARRISBURG, Pa. (AP) — The owner of the shuttered Three Mile Island nuclear power plant said Friday that it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers with carbon-free energy. The announcement by Constellation Energy comes five […]
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 […]
Article content TORONTO — TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year. Masrani will retire officially on April 10, 2025, at the bank’s next annual meeting of shareholders after 38 years at the bank and more than a decade as […]
Article content (Bloomberg) — US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants. The value of retail purchases, unadjusted for inflation, increased 0.1% after a revised 1.1% gain in July, Commerce Department data showed Tuesday. Excluding autos and gasoline stations, sales advanced for fourth month. […]
Breadcrumb Trail Links PMN Business Bolivian President Luis Arce vowed to prioritize fuel imports and debt payments as he navigates the dollar shortage that has taken the Andean nation to the brink of chaos. Author of the article: Bloomberg News Peter Millard and Sergio Mendoza Published Sep 16, 2024 • 5 minute read Luis Arce […]
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, […]
Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Julhas Alam Published Sep 15, 2024 • 2 minute read Article content DHAKA, Bangladesh (AP) — A high-level U.S. delegation met Sunday with the head of Bangladesh’s interim government, Nobel laureate Muhammad Yunus, to affirm “dedication to fostering inclusive economic growth,” according […]
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 […]
Article content (Bloomberg) — The Kenya Electricity Transmission Co. has awarded Adani Group and a unit of the African Development Bank a public-private partnership concession to construct high-voltage power lines, according to an adviser of the East African nation’s president. “The government through Ketraco has awarded PPP concessions to Adani and Africa50 to build new […]