Canada plans to limit emissions from the country’s oil and gas industry using a cap-and-trade system, a policy that will become a cornerstone of Prime Minister Justin Trudeau’s efforts to help curtail global warming and is almost certain to meet resistance in the western provinces.
Demand for a rarely used Federal Reserve facility rose to the highest level since 2020 this week, potentially signaling that one or more banks are making preparations for future liquidity strains as the central bank’s balance-sheet unwind deepens.
President Joe Biden moved to forgive $4.8 billion in student loans Wednesday, providing relief to more than 80,000 borrowers including public sector employees and Americans who have been repaying their federal debts for decades.
Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the US eased sanctions.
Ken Moelis said the deal pipeline at Moelis & Co. is at the highest level ever due to significant pent-up demand for mergers and acquisitions after almost two years of Federal Reserve interest-rate hikes.
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