Canada markets closed
  • Business
    Bloomberg

    Ratings Company to Serve Africa Set to Be Ready by Next Year

    (Bloomberg) -- A credit ratings company being established to meet the unique needs of Africa’s sovereign borrowers is set to be ready by next year, an African Union official said Saturday.Most Read from BloombergZuckerberg Calls Trump’s Response to Shooting ‘Badass’CrowdStrike’s Global Outage Doesn’t Have to Be a Recurring NightmareFrom ATMs to Flights, Epic IT Crash Leaves Trail of ChaosBiden Plots to Salvage Campaign Many Allies Believe Is OverHow Routine CrowdStrike Update Crashed the World’s

  • Business
    Fortune

    ‘Black Swan’ investor warns the ‘greatest bubble in human history’ is about to pop and stocks could lose more than half their value

    The federal government will have less capacity to respond, and the economy could enter a recession by the end of this year, Mark Spitznagel predicted.

  • News
    Bloomberg

    Labour to Discuss ‘Big Bang’ Reforms With UK Pension Chiefs

    (Bloomberg) -- Britain’s new Labour government will meet pensions industry bosses on Monday in an effort to boost economic growth and deliver better returns on savings.Most Read from BloombergZuckerberg Calls Trump’s Response to Shooting ‘Badass’CrowdStrike’s Global Outage Doesn’t Have to Be a Recurring NightmareFrom ATMs to Flights, Epic IT Crash Leaves Trail of ChaosBiden Plots to Salvage Campaign Many Allies Believe Is OverHow Routine CrowdStrike Update Crashed the World’s ComputersThe chief

  • Business
    Reuters

    Ecuador and Chilean subsidiary ENAP renegotiate oil agreement

    Ecuador and a subsidiary of Chile's state-owned oil company ENAP renegotiated an existing agreement for the exploitation of an oil block in the Ecuadorian Amazon, with an additional investment of $90 million until 2035, the Ministry of Energy in Quito said on Saturday. The new agreement, signed on July 15 between the ministry and the company ENAP SIPEC, which already operates the block, will allow an increase in reserves by 5.6 million barrels of crude oil, Energy and Mine minister Antonio Goncalves said in a statement. ENAP signed a service contract in 2010 with the Andean country for the operation of three blocks.