Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
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The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
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Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.
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Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.
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Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.
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Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.
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Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.
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Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.
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Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.
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The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.
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The search giant has offered to start punishing British businesses that boost their star ratings with fake reviews and the people that post them, ending the U.K. competition watchdog’s investigation into online reviews.
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The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.
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The New York telecommunications giant’s quarterly earnings beat Wall Street forecasts as higher prices helped to boost revenue.
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Driving an electric car in a wildfire emergency has its own unique challenges and benefits.
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Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.
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