WINNIPEG, Manitoba / TORONTO (Reuters) – Canadian energy companies have about Cdn $ 6 billion ($ 4.42 billion) in refinancing needs this year, the Bank of Canada says. FILE PHOTO: Oil pipeline warning signs are seen on a fence in “Refinery Row” outside of the facilities managed by Enbridge, Kinder …
Read More »Record debt overdue for Canadian oil patch after five years of crisis
WINNIPEG, Manitoba / TORONTO (Reuters) – Six years ago, Canadian oil services firm Calfrac Well Services (CFW.TO) had a market value of C $ 2.1 billion ($ 1.55 billion) and was ready for expansion in the US. FILE PHOTO: An oil and gas pump jack is seen near Granum, Alberta, …
Read More »BoE Governor Warns Lenders About Challenges Of Negative Interest Rates
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photo on the first day of his new role at the Central Bank of London, Britain, March 16, 2020. Tolga Akmen / Pool via REUTERS (Reuters) – Bank of England (BoE) Governor Andrew Bailey wrote a letter to lenders …
Read More »Lucky Brand files for bankruptcy as the latest retail victim of coronavirus
(Reuters) – Clothing company Lucky Brand Dungarees files for Chapter 11 bankruptcy, it said Friday, becoming the latest retailer to fall victim to the coronavirus pandemic. The firm said it had entered into a “horse stalking asset purchase agreement” with SPARC Group LLC, which owns brands like Aeropostale and Nautica, …
Read More »Bank card debt that facilitated the SoftBank investment put up for auction
FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and private label solutions for electronic payment transactions, is displayed at its headquarters in Aschheim, near Munich, Germany, on July 1, 2020. REUTERS / Andreas Gebert LONDON (Reuters) – Convertible bonds that were part of a complex transaction …
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