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The Japanese yen continued its decline against its major rivals in late Asian deals on Friday, after the Bank of Japan governor Haruhiko Kuroda said that impact of sales tax increase is receding and a weak yen would aid global companies to boost their profits. Speaking at the press conference, Kuroda...

Imperial Tobacco Group Plc (IMT.L, ITYBY.PK) has inked a deal in principle with The Flintkote Co., a U.S. company formerly engaged in the production and sale of asbestos-containing products, for $575 million for claims regarding certain disputed dividends and existing and potential asbestos claims. The...

The Canadian dollar extended gain against most major currencies in the Asian session on Friday, as commodity currencies got a boost after the Federal Reserve provided an upbeat assessment for the U.S. economy and said it would remain "patient" in its approach to raise interest rates. Oil prices rebounded,...

The NZ dollar extended its gains against the other major currencies in the Asian session on Friday, as traders consider Australasian nations as a safe place to invest over the holiday period following the Swiss National Bank's surprise announcement of taking rates to negative territory on Thursday. At...

The Canadian dollar strengthened against the other major currencies in the Asian session on Friday. The Canadian dollar rose to a 9-day high of 1.4216 against the euro and a 4-day high of 102.81 against the yen, from yesterday's closing quotes of 1.4222 and 102.62, respectively. Against the greenback,...

Canadian stocks ended higher for a third straight session on Thursday, tracking rising global markets, after some upbeat initial claims for unemployment benefits from the U.S. and the Federal Reserve's stand on interest rate hikes yesterday. The market opened on a buoyant note with stocks extending...

Canadian stocks are giving back most of their early gains Thursday mid morning, after crude oil rally proved short-lived. Earlier, the market opened on a buoyant note with stocks extending previous session's gains amid hopes the Federal Reserve will not hike rates anytime soon. Positive data on U.S....

The Japanese yen declined against its key counterparts in early New York deals on Thursday. The yen fell to a 1-week low of 119.30 against the greenback, 3-day lows of 186.35 against the pound, 102.78 against the loonie, 97.60 against the aussie and 92.26 against the kiwi. The yen fell back to...

Saputo Inc. (SAP.TO) announced that it agreed to sell its Bakery Division, Saputo Bakery Inc, to Canada Bread Company Limited, a subsidiary of Grupo Bimbo S.A.B. de C.V (GRBMF.PK), for C$120 million in cash. The transaction is subject to the usual conditions, including approval by the Canadian Competition...

Canadian stocks look set to open on a bright note Thursday, extending previous session's gains, with the U.S. Federal Reserve unlikely to hike interest rates anytime soon. Positive data on U.S. initial jobless claims for the week ended December 13 will aid sentiment. Gains in European markets...

Canadian convenience store operator Alimentation Couche-Tard, Inc. (ANCUF, ATD_B.TO, ATD_A.TO) agreed Thursday to acquire U.S. peer Pantry, Inc. (PTRY) for $36.75 per share in an all-cash deal valued at about $1.7 billion, including debt assumed. The deal will strengthen Couche-Tard's position in the...

International Tower Hill Mines Ltd. (THM, ITH.TO) said that Mr. Tom S. Q. Yip will resign as the Chief Financial Officer of the Company, effective December 31, 2014, to pursue other interests. The company will immediately begin to evaluate the most cost effective structure to fulfill the CFO responsibilities...

Barrick Gold Corp. (ABX, ABX.TO) announced it will initiate procedures to suspend operations at the Lumwana copper mine in Zambia following the passage of legislation that raises the royalty rate on the country's open pit mining operations to 20 percent from six percent. The new taxation regime, which...

Sony-Interview-121814.jpg The terrorists, in this case, have won. In an unprecedented move that may have far-reaching cultural and political effects, Sony Pictures has scrapped the release of "The Interview." The plot of the film, a comedy starring Seth Rogen and James Franco, revolves around a fictional assassination...

Alimentation Couche-Tard Inc. (ANCUF.PK, ATD_B.TO, ATD_A.TO) and The Pantry Inc. (PTRY) announced a definitive merger agreement under which Couche-Tard will acquire The Pantry in an all-cash transaction valued at $36.75 per share, with a total enterprise value of approximately $1.7 billion including...