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Bank of Canada’s hawkish message bolsters case for another large rate hike

The Bank of Canada made clear on Thursday it will not yet be pivoting away from its rapid pace of interest rate increases, with Governor Tiff Macklem saying there were

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Moody’s says Credit Suisse could suffer $3 bln loss in 2022

Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13% level, Moody’s lead analyst

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Juul to cancel overseas expansion, trim jobs

Juul Labs Inc is canceling a planned expansion outside the United States and plans to lay off staff as a result, the Wall Street Journal reported on Thursday, citing people

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U.S. sets out oil and gas drilling auctions required under new law

The U.S. Interior Department took initial steps on Thursday toward holding oil and gas drilling auctions in New Mexico, Wyoming and the Gulf of Mexico in the coming months. Terms

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Adidas puts partnership with Kanye West under review

German sporting goods maker Adidas (ADSGn.DE) on Thursday said it has put under review its business partnership with rapper and fashion designer Kanye West. “After repeated efforts to privately resolve

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Twitter slips as investors await funding details on Musk’s $44 bln deal

Twitter Inc’s (TWTR.N) shares retreated further from Elon Musk’s offer price on Thursday as investors fretted over financing for the proposed $44-billion buyout of the social media firm against the

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EU takes step to ease proposed curbs on foreign banks, document shows

Foreign bank branches in the European Union would not automatically become a costlier subsidiary if their business reached a certain “systemic” size, the Czech EU presidency proposed on Thursday. The

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