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Canucks offseason depth chart: Trade chips, roster holes, free agents and more
The Vancouver Canucks shouldn’t be thinking like a conventional NHL team, and the sooner the organization realizes it — from management on down — the better off this rebuilding process will flow.This offseason, for example, the Canucks shouldn’t be concerned about filling out their roster with the playoffs in mind. The focus, instead, should be on shedding as many long-term contractual commitments to players in their late 20s and early 30s with no-move and no-trade protection built into their de...
VW to export more China-made EVs in global sales drive
Strategy pivot coincides with slowdown and fierce competition in world’s largest automotive market
Severstal Q1 net profit under IFRS plunges over 360-fold to $280.75 mln
The company’s EBITDA fell by 54% year-on-year to $239.04 mln
Switch Lands $2.6 Billion of Bank Pledges to Power Data Centers
Switch Inc. gathered $2.6 billion of bank pledges to help the data-center operator procure electricity, a mounting challenge for the booming industry and one of its biggest costs.
Flurry of US IPOs Race to Tap Market Ahead of SpaceX Debut
The US IPO market has gone from desolate to bustling in a matter of weeks, with companies looking to raise as much as $17.3 billion this month alone and capitalize on stocks’ resilience.
Lira Swaps Signal Turkey Will Hold Off Hiking Rates This Meeting
Swaps tied to the Turkish lira are signaling that traders have pared bets for the central bank to raise interest rates, after the ceasefire in the Iran war pushed oil prices off their highs and eased inflation fears.
Bank of Russia sells yuan worth $61.30 mln with settlements on April 20
The volume of foreign currency sales on the domestic market with settlements dated April 17 amounted to $62.63 mln
Vanke Wins Backing for Bond Delay Plan, Easing Default Risk
China Vanke Co. won enough creditor backing to extend payments on a yuan bond due Thursday for a year, easing the embattled developer’s risk of an imminent default, at least for now.
Russia’s metal consumption down 15% in Q1 — Severstal
Head of Severstal Management Alexander Shevelev said that in the Q1, the average price of hot-rolled sheet in Russia decreased by 7%
UK inflation set to rise after Middle East conflict pushed up fuel prices
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EC urges EU nations not to close down their nuclear power stations — Reuters
A revised draft set out various measures for governments to provide "immediate relief"
Meloni Demands Terna CEO Choose: €7.3 Million Payout or Eni Role
Italian Premier Giorgia Meloni said the outgoing chief executive officer of grid operator Terna SpA, Giuseppina di Foggia, should choose between a €7.3 million ($8.6 million) severance or a new role as chairwoman of ENI SpA, making clear the government’s stance that she can’t have both.
Top Oil Traders Warn Worst of Demand Hit From War Is Yet to Come
The world’s top oil traders said that demand destruction wrought by the Iran war is set to deepen, a sign the full economic impact of the conflict may be yet to come.
Amazon to invest up to $25 billion in Anthropic: What CEO Andy Jassy has to say
Amazon is significantly expanding its partnership with AI startup Anthropic, announcing plans to invest up to $25 billion. This includes an initial $5 billion, with an additional $20 billion tied to milestones. Anthropic will commit over $100 billion to Amazon Web Services (AWS) over the next decade, underscoring the intense competition among cloud providers in the generative AI race.
Thirteen vessels passed through Hormuz on April 20
The greater portion of them was moving towards the Gulf of Oman
Hybrid Bond Buybacks Return After War Paused Riskier Debt Deals
European companies are once again buying back junior bonds after the market turmoil sparked by the war in the Middle East and the AI-related software selloff put some riskier debt deals on ice.
Govt actively pursuing diversified capital markets strategy, finmin tells EU envoy
Finance Minister Muhammad Aurangzeb on Tuesday said the government was actively pursuing a diversified capital markets strategy, aimed at strengthening external buffers and ensuring sustainable financing. He made the remarks during a meeting with European Union (EU) Ambassador to Pakistan Raimundas Karoblis, the finance ministry said in a post on the social media platform X. The minister underscored Pakistan’s steady return to macroeconomic stabili...
Morocco Expects Strong Cereal Harvest of 90 Million Quintals in 2026 Season
Rabat – Morocco is expecting a significant recovery in its agricultural sector, with a projected cereal harvest of around 90 million quintals for the current season, according to Agriculture Minister Ahmed El Bouari. Speaking on Tuesday at a conference during the International Agriculture Show (SIAM) in Meknes, the minister said the expected output represents a sharp increase over last season, when production did not exceed 44 million quintals. El Bouari attributed this improvement mainly...
What we need to know from Warsh
After a period of silence, Donald Trump’s nominee for Fed chair gives evidence
Higher Oil Prices Pose a Dilemma for US Shale
Trump wants producers to unleash output, but many remember the ill-fated dash for growth more than a decade ago.