Davao International Airport in the southern Philippine island of Mindanao was reopened after a Cebu Air Inc. plane that veered off a runway blocking flights for two days was cleared, according to transportation officials.
The Canadian housing agency’s vulnerability to mortgage defaults has soared nine-fold in 20 years, approaching levels reached by Fannie Mae and Freddie Mac in the U.S. at the height of the housing boom. Canada Mortgage & Housing Corp. says its finances are secure unless the country plunges into deep recession for several years.
Citigroup Inc., the third-biggest U.S. bank by assets, moved investor-relations chief John Andrews to a new position where he will deliver market information and “rapid insight” to the firm’s top clients.
Hudson’s Bay Co., Canada’s oldest company, is trying to free itself of more than C$225 million ($226 million) in rent payments left over from the sale of store leases to Target Corp. as it prepares to raise about C$400 million in an initial public offering.