Commodities

Another year, another setback for Canada – Scotiabank global economic outlook

Canada

Price of WTI is expected to rise to about $55/bbl in 2017, which will provide an additional boost to growth in Canada TORONTO, ON– The United Kingdom’s decision to leave the European Union represents a major economic shock to the UK and Europe, according to Scotiabank’s Economics’ Global Outlook. It will lower business and household

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CEO of Noble Americas Energy Solutions parent resigns unexpectedly Monday

Energy Financial

Noble was accused of overstating its assets by billions of dollars, since then market value has plunged by 75% By Anshuman Daga SINGAPORE (Reuters) – Noble Group’s CEO Yusuf Alireza quit on Monday, a surprise move that comes just weeks after he secured crucial financing for Asia’s biggest commodity trader and raises questions about its

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Oil, gas companies lead 2015 credit rating downgrades – Fitch Ratings

Energy Financial

Pressure from lower-for-longer oil, gas prices has weakened credit profiles beyond Fitch’s original expectations NEW YORK – According to Fitch Ratings, energy (oil and gas) and natural resource companies made up 33 per cent of credit rating downgrades, excluding sovereign related, during 2015. Persistently weak oil prices have continued to lead to CAPEX reductions or delays and have been

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