Cenovus Energy aims to cut its net debt position to less than $4 billion in 2023. (THE CANADIAN PRESS/Jeff McIntosh) Shares of Cenovus Energy (CVE.TO)(CVE) have been downgraded by Scotiabank Global Equity Research as a weaker US refining margins challenge plans to slash debt and boost shareholder returns in 2023. The Calgary-based company cut its…
Tag: what are the different jobs in finance?
Tupperware warns of collapse unless it finds funds
Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois, US Tupperware, the US maker of food storage containers, has warned that it could go bust unless it can quickly raise new financing. The 77-year-old firm said there was “substantial doubt about its ability to continue as a…
How to pay for home improvements
A HELOC or home equity loan can help pay for major home improvements. Getty Images As the winter fades away and a new season begins, you might have more than just spring cleaning in mind; you also might be looking for more of a home refresh. That can take the shape of making home improvements,…
The World Bank’s Rhino Bonds Show How Development Finance Can Get Creative
text size In February, the World Bank issued a five-year outcome bond that aims to provide clean drinking water to around two million school children in Vietnam. Manan Vatsyayana/AFP/Getty Images About the author: David Malpass is president of the World Bank Group. The current strains in the financial sector highlight once more the importance of…
Why US regulators let banks lose billions as long as losses are ‘unrealized’
Silicon Valley Bank disclosed it had $1.8 billion in paper losses on some bonds by the end of 2022. And yet the lenders didn’t reduce a key measure of capital strength monitored by regulators. Those losses became existential for the bank once it was forced to sell these assets, triggering a run that ended with…
Why the recession odds just spiked after Powell addressed Congress
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 am ET. Subscribe Thursday, March 9, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market…
Time to deal with the ‘nastiest, hardest problem in finance’
The UK government’s decision last week to push down the age at which workers can automatically be enrolled in a company pension scheme was widely praised. This is great news — given the power of compounding on long-term savings, the earlier people get going, the better. But with that decision out of the way it…
US Life Span Falling Behind Our Peer Countries
March 6, 2023 · 7:29 AM From NPR: The average life expectancy for Americans is shortened by over seven months [in 2021]according to new data from the Centers for Disease Control and Prevention. That decrease follows an already big decline of 1.8 years in 2020. As a result, the expected life span of someone born…