Oil advanced after Turkey shot down a Russian plane near the border with Syria, fanning concern that conflict in the region may intensify. Turkish fighter jets shot down a Russian warplane near the Syrian border after it violated Turkey's airspace on Tuesday, a Turkish military official said. Turkish presidential sources told Reuters that the downed warplane was a Russian-made SU-24, adding it was downed in line with Turkey's rules of engagement after violating Ankara's airspace.
Tianjin is expected to build the world's largest animal cloning factory next year for the cloning of beef and dairy cattle, dogs and racehorses, a leader in the stem cell and biological medicine industry said on Monday. Boyalife Group Ltd said that 200 million yuan ($31.3 million) will be invested in the factory after its subsidiary, Yingke Boya Gene Technology (Tianjin), signed an agreement on the project with the Tianjin International Joint Academy of Biotechnology and Medicine, the Sooam Biotech Resea
A Malaysian government-investment fund struggling to dig itself out of a heavy debt load sealed a $2.3 billion deal to sell a collection of energy assets to a Chinese state-owned firm. China General Nuclear Power Corp. is purchasing all of the energy assets of 1Malaysia Development Bhd., or 1MDB, for 9.83 billion Malaysian ringgit ($2.3 billion) in cash. Those assets, known as Edra, consist of 13 power plants across five countries from Malaysia to Egypt and Bangladesh. China General Nuclear will al
Pfizer Inc. and Allergan PLC agreed on a historic merger deal worth more than $150 billion that would create the world’s biggest drug maker and move one of the top names in corporate America to a foreign country. The boards of each company ratified the deal Sunday and it could be announced Monday, according to people familiar with the matter. The final terms include 11.3 Pfizer shares for every Allergan share and the deal also contains a small cash component, they said. The takeover would be the lar
Top zinc smelters in China, which produces more than 40 percent of the world’s metal, plan to cut refined output by 500,000 metric tons next year after prices fell to the lowest level in more than six years. The cuts announced by the Chinese smelters equal about nine percent of the country’s production last year or almost four percent of world output. The 10 smelters, including the biggest Zhuzhou Smelter Group Co., also called for strict controls over new capacity, according to a joint
Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut, following a marked-down initial public offering, countering the negative sentiment that has nagged at Silicon Valley startups in recent weeks. The steeply discounted IPO price, at less than 60 percent of the company's last private valuation, had raised questions about the prospects of other so-called 'unicorns' - startups worth
Canada’s oil sands are about to be put on a carbon diet as the country strives to overcome the “dirty oil” label used by President Barack Obama in rejectin... Full Story
announces that a preliminary four hole diamond drilling program, has been completed on the Betanase concession. Wide intersections of variably altered, quartz veined and pink-orange bleac... Full Story
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