Canadian oil producer Suncor Energy to cut 1,500 jobs under new CEO
(Reuters) – Canada’s second-biggest oil producer Suncor Energy has told employees it plans to cut 1,500 jobs this year, two…
Economy
Fitch keeps U.S. credit rating on negative watch despite debt limit deal
(Reuters) -The United States’ “AAA” credit rating will remain on negative watch, despite a debt limit agreement that will allow…
Nigeria’s central bank auctions FX at 645 naira, weaker than spot rate
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction,…
Argentina doubles China currency swap access to $10 billion
By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has signed a deal to renew its currency swap line with China and…
Brazil’s central bank chief opposes creation of common currency
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a…
Analysis-Risk of US downgrade still on the cards despite debt deal
By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another…
US says more nuclear arms not needed to deter Russia, China
By Jonathan Landay and Arshad Mohammed WASHINGTON (Reuters) – The United States does not need more nuclear weapons to deter…
Orpea draws first 200 million euros from new financing as restructuring plan continues
(Reuters) – French company Orpea, hit by allegations of malpractice at its care homes and a sharp drop in valuation,…
Banks stocks gain after US Congress averts historic debt default
(Reuters) – Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted…
Citizens Financial Group not looking to do many acquisitions, says CEO
(Reuters) – Citizens Financial Group Inc is not looking to do many acquisitions in the near term, the bank’s Chief…