Bill Ackman’s fund raised its stake in Valeant Pharmaceuticals International Inc. to 9.9 percent in a series of transactions starting in October, underscoring the activist investor’s commitment to the embattled drugmaker. Pershing Square Capital Management’s various funds have now amassed more than 34.1 million shares in the drugmaker, the activist hedge fund disclosed Monday in a regulatory filing. Ackman’s firm had previously disclosed a 5.7 percent stake in the drugmaker, as of Sep
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
Beijing will allow independent refineries to export refined fuel next year for the first time, sources said, freeing up 20 percent of China's refining capacity for sales... Full Story
is pleased to announce assays from the final seventeen resource expansion angled holes of the 2015 summer exploration program: thirteen holes drilled on the R600W zone and four on t... Full Story
Yesterday we saw Consumer Confidence disappoint at 90.4, the lowest level since September las... Read More
Oil prices rose Tuesday as traders priced in more geopolitical risk after Turkey downed a Russian... Read More
Global markets are coming off this morning as a result of a Turkish F16 shooting down a Russi... Read More
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NAI500 comment: ——Obama has formally rejected the Keystone XL Pipeline proposal which would have built a 1,179 mile crude oil pipeline from Canada to US refineries. &mda... Read More
NAI500 Comments: i. The Chinese government is heavily focused on the health of its citizens as shown by its decision to build 7,500 public hospitals through the private sector over the... Read More
NAI500 Comments: · Mining companies are considering new funding sources and models in the current circumstances. Foreign dir... Read More
With China’s continued growth, the recent boom in its stock markets, and strong encouragement from its national government, private sector investors in China have taken the forefront of t... Event Info
Journey Energy Inc is engaged in the exploration, development and production of oil and natural g...
Search Minerals Inc is engaged in two lines of business: mineral exploration and the research and...
Madalena Energy Inc is a domestic and international upstream oil and gas company. The Company exp...