|
|
TORONTO: Teck Resources said on Friday it will sell a 17.2 per cent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China’s portfolio of commodity investments. China, the No.1 importer of iron ore, copper and other commodities, has been steadily buying stakes in overseas producers in a broad strategy aimed at securing supply for its burgeoning economy. Teck, a top producer of zinc, copper and metallurgical coal, said CIC will acquire the 17.2 per cent stake through a private placement that will raise C$1.74 billion ($1.5billion). “This transaction is an endorsement of Teck’s future and provides an immediate and very positive impact on Teck’s balance sheet,” said Chief Executive Don Lindsay. “It puts Teck back on the growth track and allows us to... [read full story]
CAMBRIDGE, Mass.----Entrepreneurs are invited to the Harvard Business School Campus on December 1st to learn more about the New Venture Contest , do a fast pitch of your idea and learn what it takes to Start a New Venture from...
Government-specific Assets and Inventory modules developed using innovative FreeBalance Accountability. ) FreeBalance, a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to leverage...
PA-Bethlehem, Courtyard Allentown Bethlehem/Route 22 2160 Motel Dr. Bethlehem , PA , 18018 Marriott seeks talented people to join their staff! At Marriott, you define what success means to you, and then we help make it happen....
NEW YORK (AP): Julie Walters and Ben Whishaw took the top acting awards as British TV productions won five International Emmys on a night that saw Brazil get its first ever for a Bollywood-style telenovela.
