Billionaire Gautam Adani’s coal-power unit said its profit jumped almost ten-fold in the second quarter as an increase in electricity demand boosted sales. Its shares jumped.
Gotthard Tunnel Won’t Fully Open Until Late 2024Barrick Gold reports US$368M Q3 profit, up from US$241M a year agoING Plans €2.5 Billion Buyback After Interest Rates Buoy ProfitsUber, Lyft Agree to $328 Million in Back Pay for NY DriversOntario to Launch Infrastructure Bank with $2.2 Billion FundingStarbucks Sales Top Estimates on More and Bigger Coffee OrdersNomura Hires ‘Mr.
, Canada take?High interest rates are likely to 'break something': Purpose Investments CEOYoung Canadians more anxious about debt, more likely to miss a bill payment: EquifaxWhen a private mortgage is the 'only game in town,' having an exit strategy is keyTurkish Central Bank Raises Inflation Forecasts in Clue to RatesUkraine Recap: Russia’s War Is Now Static, Kyiv Commander SaysBlackpink’s Lisa, Angelababy Banned on Weibo After Risque ShowElectric Vehicles Are Testing the UK’s...
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Eskom Says Its Coal Pollution Kills 330 South Africans a YearSouth African state power utility Eskom Holdings SOC Ltd. said pollution from its coal-fired plants that supply more than 80% of the country’s power kills about 330 people a year.
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Two Sigma to Spin Out Impact Arm as Internal Frustrations SimmerTwo Sigma Investments, the $60 billion quant giant, plans to spin out its private equity impact-investing unit amid internal discontent.
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Canadian Tire Reviews Alternatives for Financial Services Arm, Buys Back Scotiabank StakeCanadian Tire is reviewing alternatives for its financial services arm and has bought back Scotiabank's 20% stake in the unit. The cash transaction is valued at C$895 million ($647.14 million). Canadian Tire CEO Greg Hicks stated that concluding the partnership with Scotiabank will give them greater control and flexibility in building out their loyalty program. The company will evaluate strategic alternatives for its financial services arm with the assistance of Goldman Sachs. The transaction will result in a charge of C$328 million, which will be reflected in Canadian Tire's third-quarter 2023 results.
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Canadian Tire reviews options for financial arm, buys back Scotiabank's stakeBank of Nova Scotia had bought the stake in Canadian Tire Financial Services (CTFS) for C$500 million in 2014 as it looked to boost its share in the credit...
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China is Awash With Coal as Import Surge Adds to Mining BoomChina is struggling to digest a growing glut of coal, as robust domestic output and soaring imports threaten to overwhelm the coming wave of winter demand.
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Whistleblower says utility should repay $382 million in federal aid given to failed clean coal plantATLANTA (AP) — A former employee is suing to force a Mississippi utility to repay $382 million that the federal government gave to build a failed coal-fueled...
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