SYDNEY (Reuters) – Asian stocks climbed four-month spikes on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as mounting cases of coronavirus delayed reopens in the United States. . FILE PHOTO: A man in a protective face mask, after an outbreak …
Read More »Factbox: struggling Canadian energy companies face debt pressure
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 »Global markets: COVID recovery vs. COVID reality
LONDON (Reuters) – Global stocks stagnated near a four-month high on Friday and the metallic copper industrialist dragged on its longest weekly winning streak in nearly three years as coronavirus nerves persisted in the recent recovery. FILE PHOTO: A street cleaning agent passes by the London Stock Exchange Group building …
Read More »GLOBAL MARKETS: Asian stocks hit 4-month high as recoveries from US and China accelerate
* Shanghai stocks hit 14-month high in service sector recovery * US payrolls jump 4.8 million, but obstacles remain ahead * Increased US COVID-19 cases threaten US recovery * Asian Stock Markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano TOKYO, Jul 3 (Reuters) – Asian stocks rose to a four-month high on Friday …
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