Bloomberg TC Energy Corp sold US dollar-denominated bonds just as the company’s new loonie notes rally in their trading debut. The pipeline operator’s C$2 billion ($1.4 billion) 3.8% debt due 2027 is quoted at a spread of about 300 basis points over Canadian government bonds after pricing on April 1 at 325 basis points, according to Bloomberg Valuation bid prices. ...

Bloomberg Athabasca Oil Corp fully suspended its Hangingstone oil sands operation to combat low oil prices and uncertainty surrounding coronavirus. The move comes shortly after Athabasca said in March it would curtail production at Hangingstone by about 50% to maximise corporate funds flow and liquidity. Calls have been mounting for Canadian producers to cut production in light of rock-bottom domestic ...

Bloomberg South African wind energy producers questioned the legality of a decision by the state power utility to curtail purchases of their output, amid low demand caused by a nationwide lockdown to deal with the coronavirus outbreak. The South African Wind Energy Association (SAWEA) said Eskom Holdings SOC Ltd’s decision to invoke force majeure in its contracts with the independent ...

Bloomberg Germany’s efforts to limit the economic damage from a prolonged coronavirus shutdown are gathering steam, as aid applications pour in and officials seek a path to restart all-important auto production. Under a government program aimed to providing strapped businesses with financial liquidity, 2,500 companies have requested a total of 10.6 billion euros ($11.6 billion) in aid, according to state ...

Bloomberg The global economic slowdown is causing the biggest drop in food prices since 2015 as demand shrinks for everything from dairy to sugar. The FAO Food Price Index, a global gauge of prices, dropped 4.3% in March, the United Nations’ Food & Agriculture Organisation said. That’s the steepest decline since August 2015. Food costs fell as government restrictions on ...

Bloomberg UK house prices were climbing at the fastest pace in more than two years before the coronavirus pandemic almost brought the market to a standstill, according to Nationwide Building Society. Values rose 3% from a year earlier in March, and gained 0.8% from February alone, the mortgage lender said. The sample period excludes recent disruption caused by UK’s restrict- ...

Bloomberg The number of Spaniards filing for jobless claims surged in March, the latest example of how the coronavirus pandemic is upending people’s livelihoods around the world. The increase in jobless hits particularly hard in Spain, where the unemployment rate is already 13.8%, among the highest in the developed world. The Labour Ministry said claims rose by 302,265 people in ...

Bloomberg President Donald Trump said he doesn’t support mail-in voting as a way to limit the spread of the coronavirus, arguing that sending ballots increases the likelihood of fraud. “I think a lot of people cheat with mail-in voting,” Trump told reporters at the White House. “I think people should vote with voter ID. I think voter ID is very ...

Bloomberg Spain reported an increase in cases from the coronavirus outbreak, surpassing the number in Italy to remain at the epicenter of the outbreak in Europe. The number of confirmed cases increased by 7,026 to 124,736, from 117,710 a day earlier, according to Health Ministry data. In Italy, total cases stood at 119,827. In what could be a sign of ...

Bloomberg Peru’s Congress approved a bill to let workers withdraw as much as 25% of their pension savings to soften the blow of the coronavirus pandemic, casting aside warnings the measure will spook investors and push up borrowing costs. Lawmakers voted 107-4 in favor of the bill, according to a video broadcast on state television. The pensions proposal from the ...