Ahmed Farhatha

UPDATE 2-S&P gives respite to Italy with surprise upgrade to rating outlook

Oct 23 2020

Oct 23 Standard and Poor's on Friday revised Italy's sovereign outlook to stable from negative, offering some unexpected good news for the euro zone's third largest economy, and affirmed its long- and short-term credit rating at "BBB/A-2".

Shopify raises FY forecast on demand for e-commerce tools; shares surge

Apr 30 2019

Shopify Inc raised its 2019 earnings forecast and posted a surprise quarterly profit on Tuesday on strong demand for its software that helps retailers sell goods online, sending its shares up 7 percent to a record high.

Pfizer to shut two manufacturing plants in India

Jan 09 2019

U.S. drugmaker Pfizer Inc said on Wednesday it was shutting down two manufacturing plants in India that make generic injectables like penicillin in response to falling demand.

Shaw Communications profit beats on strong wireless growth

Apr 12 2018

Shaw Communications Inc's quarterly profit easily topped analysts' estimates on Thursday as the Canadian telecom services company's investments in its wireless business helped more than double subscriber additions.

Investors back Kinder Morgan Canada's Trans Mountain move

Apr 10 2018

BENGALURU Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator's decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project.

Cenovus ropes in oil industry veteran from Husky Energy as CFO

Apr 05 2018

Canadian oil and gas producer Cenovus Energy Inc said on Thursday it named Jon McKenzie chief financial officer, bringing in an industry veteran who most recently helped rival Husky Energy Inc rein in costs and strengthen its finances.

Canada auto sales dip as economy shows signs of weakness

Apr 03 2018

Sales of light vehicles in Canada dipped 0.6 percent in March according to data released on Tuesday, amid signs that the economy was on track for a weaker-than-expected first quarter.

Transcontinental beefs up packaging business with $1.32 billion Coveris deal

Apr 02 2018

Transcontinental Inc said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion) as the Canadian publisher looks to join other top North American companies in the flexible packaging space.

Canadian railways in a catch-22 over crude shipment

Mar 28 2018

(This version of the March 27 story drops paragraph 7 to remove incorrect reference to government subsidies)

LyondellBasell doubles plastics business with $2.25 billion Schulman deal

Mar 15 2018

(This version of the Feb 15 story corrects deal value to $2.25 billion from $2.24 billion)

World News