Walmart’s Flipkart in talks to raise $3 bln from SoftBank, others – Bloomberg News
Walmart Inc-owned (WMT.N) Indian e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan’s SoftBank Group Corp (9984.T) and several sovereign wealth funds, Bloomberg News reported on Monday.
Canada’s Centerra Gold says Kyrgyz units seek bankruptcy after mine seizure
Canada’s Centerra Gold Inc (CG.TO) on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.
EXCLUSIVE G7 to back minimum global corporate tax and support economy – draft
Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July, a draft communique showed.
CANADA STOCKS TSX futures rise as oil prices gain
Futures for Canada’s main stock index rose on Friday as oil prices gained on optimism of a demand recovery, overshadowing concerns about more supply from Iran once sanctions are lifted.
In energy-reliant Canada, banks and investors face dilemma in meeting emissions target
Canadian banks’ commitments to “net-zero financed emissions” by 2050 have drawn doubts from many investors, given the lack of a defined goal, details and their continued support for oil and gas companies, even if partially aimed at helping them transition to alternatives. But their growing funding for green projects also presents a dilemma for shareholders […]
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Canadian Pacific Railway Ltd (CP.TO) on Saturday welcomed the U.S. Surface Transportation Board’s (STB) decision to uphold a 2001 waiver it granted to Kansas City Southern (KSU.N) being applicable to the merger of the two companies. The two companies will proceed with an application under the standards in the STB’s pre-2001 major merger rules, according to a statement by […]
U.S.-China high-level talks to wrap up after acrimonious opening
ANCHORAGE, Alaska (Reuters) – Senior U.S. and Chinese officials are set to conclude their talks in Alaska on Friday after a dramatic opening round laid bare the depth of tensions between the world’s two largest economies at the outset of the Biden administration.
