Canaccord Promotes Lauzon in Leadership Shuffle After Job Cuts
Canaccord Genuity Group Inc. shuffled its Canadian capital markets division, installing a new slate of leaders following a round of job cuts.
Bloomberg Business
Junk Debt Is Pricey and Shorting Makes Sense Now, Barclays Says
US junk bonds are expensive given the deteriorating performance of many high-yield corporations, and buying credit derivatives on individual companies can be the best way to bet against the debt, according to Barclays Plc strategists.
Nigerian Central Bank Threatens Forex Dealers as Naira Wobbles
Nigeria’s central bank has stepped up its scrutiny of lenders and foreign-exchange bureaus, marking the latest effort to ease a dollar shortage that has sapped the naira.
Labor Union Turns Up Heat in Battle Over Sale of US Steel
In a scathing letter sent by United Steelworkers to its members at United States Steel Corp., the president of the labor group said the company doesn’t prioritize its union workforce and accused it of betrayal.
Powell Is Using Jackson Hole as Final Push in Inflation Fight
Federal Reserve Chair Jerome Powell is expected to map out final steps in the US central bank’s campaign to tame inflation, and reinforce its commitment to finishing the job, when he speaks Friday in Jackson Hole, Wyoming.
Zelenskiy Rejects Criticism Kyiv’s Forces Are Too Thinly Spread
Volodymyr Zelenskiy rebuffed criticism that Ukraine’s military is too thinly stretched and should be massed for a single attack to achieve a breakthrough of Russian lines.
National Park Visitor Spending Hits Record High at $24 Billion
A new report from the US National Park Service shows outdoor travelers are spending more than ever in gateway communities surrounding national parks.
Pfizer Fights Claim It Fired Executive Who Raised Graft Concerns
Pfizer Inc. is fighting a lawsuit by a former employee who alleges he was fired after he raised concerns about the company paying tens of millions of dollars to government officials in China, where the drugmaker’s business practices have been under US review.
Pro MMA League Looks to Sovereign Funds for New Investments
The Professional Fighters League is seeking sovereign wealth fund investments, according to the mixed martial arts league’s founder and chairman Donn Davis.
Kazakhstan Digs In for $13 Billion Fight With Oil Majors
Kazakhstan’s Energy Ministry told partners in the giant Kashagan oil venture it will press ahead with arbitration in a $13 billion dispute, a blow to the international majors that had hoped for a settlement.
