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Energy Headlines

Canada's Enbridge to cut 1,000 jobs after buying Spectra

Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America.

Record outbound Canadian M&A gives foreign banks an upper hand

A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations.

Turkey's Arcelik working on deals to expand abroad

Arcelik , the home appliances arm of Turkey's biggest industrial conglomerate Koc Holding , is working on acquisitions to speed up its international expansion, particularly in Asia, its chief executive said on Monday.

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