Under the revised terms of the offer, shareholders in the latter were set to receive 0.28 shares in Suncor in exchange for each one held in COS, up from 0.25 shares beforehand, valuing the company at CAD$6.6bn (£13.66bn) once its debt load of CAD$2.4bn was accounted for.
With plans to resume the Colombo Port City Development Project, and increasing pressure on Sri Lanka’s foreign reserves, ties between Colombo and Beijing are back on track after an year’s review of Chinese-funded projects in Sri Lanka.
Sri Lanka’s return to seeking China’s financial assistance was further highlighted yesterday by Finance Minister Ravi Karunanayake taking part in the opening of the Asian Investment Infrastructure Bank in Beijing by President Xi Jinping, an initiative by China to...
“It is too early to say what kind of market impact Iran’s return will have or how much of Iran’s return is already priced in”, they wrote. Therefore it will take “more, rather than less time for oil production to normalize”, said...
China’s embattled top securities regulator has offered to resign, sources said, after perceived mismanagement wiped more than US$5 trillion off the capitalisation of the Shanghai and Shenzhen stock markets since they peaked in June 2015.
Wal-Mart opened smaller-format stores in the U.S.in 2011, called Wal-Mart Express, that were convenience stores. The lion’s share of the USA terminations will affect Walmart Express stores, its smaller store division. Those stores are about 12,000 square feet and sell...
Chipotle Mexican Grill is closing its restaurants at lunchtime on February 8 to discuss what the chain is doing in response to the E. coli outbreak linked to its locations, which it has been dealing with since October.
Moments later, President Obama hailed the nuclear deal, which is being implemented following verification by the International Atomic Energy Agency (IAEA) that Iran had restricted its sensitive nuclear activities.