Smaller Canadian technology companies making products like robotics, drones and high-tech thermostats are proving to be some of the biggest winners as the country's recently struggling non-commodity export sector shows signs of revival, Reuters reported. Data released on Friday showed Canada's trade deficit in July unexpectedly shrank on stronger non-energy exports, which had struggled for months. The Bank of Canada sees the sector as crucial to helping revive an economy hit by low oil prices.
3 min read · 06 September 2016
Brazil’s state-run oil company Petróleo Brasileiro SA agreed to sell 90 per cent of its natural gas pipeline unit to a group of investors led by Canada’s Brookfield Asset Management for US$5.2 billion, a source with knowledge of the matter told Reuters. The investor group includes British Columbia’s pension fund and Chinese and Singaporean sovereign wealth funds CIC and GIC. The preliminary agreement will be submitted to the companies’ boards and the deal is expected to close in late September, the source said.
2 min read · 06 September 2016
Brazil's state-run oil company Petroleo Brasileiro SA (PETR4.SA) (PBR.N) agreed to sell 90 percent of its natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc (BAMa.TO) for $5.2 billion, a source told Reuters.
2 min read · 06 September 2016
Barclays has poached another executive from JP Morgan to head its investment bank, leaving the British bank with seven of its most senior bankers as alumni of its US rival, Reuters reported.
2 min read · 06 September 2016
Liberty Media Corp is nearing a deal to buy a significant stake in the Formula One racing car series, with a deal expected within the next two weeks, the Financial Times reported on Sunday.
1 min read · 06 September 2016
Avolon Holdings, part of China's acquisitive HNA Group is nearing a deal to buy the aircraft leasing assets of U.S. lender CIT Group (CIT.N) for between $3 billion and $4 billion, people familiar with the matter told Reuters.
1 min read · 06 September 2016
Private equity firms Carlyle Group (CG.O) and TPG Capital have teamed up with two separate Chinese state companies to bid for McDonald's (MCD.N) outlets in China and Hong Kong in a deal worth between $2 billion and $3 billion, four people familiar with the matter said.
2 min read · 02 September 2016
A consortium comprising companies and liquidators prevailed in a bankruptcy auction for U.S. teen retailer Aeropostale Inc (AROPQ.PK) with a $243.3 million bid, potentially saving 229 of its stores, Aeropostale said on Thursday.
2 min read · 02 September 2016
Hewlett Packard Enterprise Co (HPE) is in talks with buyout firm Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, sources told Reuters.
2 min read · 01 September 2016
Private equity investors are lining up bids for German fashion retailer Schustermann & Borenstein in a potential 700-800 million euros ($780-$891 million) deal, sources told Reuters.
1 min read · 01 September 2016
