National Business

GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.

CALGARY — On a wintry day last November, Daphne Kay looked up at an expanse of gleaming solar panels located on Cowessess First Nation reserve land just east of Reginaand cried.

TORONTO — Five things to watch for in the Canadian business world in the coming week

KYIV, Ukraine (AP) — An unprecedented wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices are pushing more people into poverty was extended just before its expiration date

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,387.72, down 151.29): Wallbridge Mining Company Ltd. (TSX:WM). Materials.

MONTREAL — Canadian Pacific Railway Ltd. has announced it will officially combine with Kansas City Southern Railway Co. on April 14, under the new banner of Canadian Pacific Kansas City. The U.S.

TORONTO — TMX Group Ltd. says it intends to appoints Luc Bertrand as the new chair of the company's board starting May 2.

TORONTO — Financial markets have flip-flopped all week as a global crisis in confidence over the banking sector has led to a dramatic shift in expectations for central banks' fight against inflation, and has made a recession more likely.

TORONTO — Canada's main stock index closed down over 150 points Friday, with U.S. indexes also posting losses, as the globe continued to grapple with a crisis of confidence in the financial system triggered by two U.S. bank failures.

FREDERICTON — The Spanish company behind a proposal to export liquefied natural gas to Europe through a terminal in Saint John, N.B., has announced it will not go ahead with the project because the costs are too high.