Edition:
India

Arundhati Sarkar

Parsley Energy to buy Jagged Peak in $1.62 billion shale expansion

8:59pm IST

U.S. shale producer Parsley Energy Inc on Monday agreed to buy smaller peer Jagged Peak Energy Inc in an all-stock deal valued at $1.62 billion, adding acreage in an oil-rich part of the top U.S. shale basin.

McDermott International gets takeover interest for its Lummus Technology unit

20 Sep 2019

McDermott International Inc said on Friday it received takeover interests for all or part of its technology business that could value the unit at over $2.5 billion, sending its shares up about 66% in morning trade.

Hudson's Bay Co loss widens on 'hyper-promotional' retail environment

12 Sep 2019

Canadian department store operator Hudson's Bay Co reported a wider second-quarter loss on Thursday, hurt by store closures, deep discounts and declining sales at the retailer's name brand.

Pot producer CannTrust hit by new Health Canada violations

12 Aug 2019

Health Canada has found fault with cannabis production at a second CannTrust Holdings Inc facility, a month after the regulator froze sales of several tonnes of marijuana grown at another one of its Ontario operations.

Canada's Magna trims sales forecast in trade war hit

08 Aug 2019

Canada's Magna International Inc trimmed its sales forecast for the second time this year, as weak global demand and the impact of U.S.-China trade tensions pushed down vehicle production in North America and Europe.

UPDATE 2-Canada's Magna trims sales forecast in trade war hit

08 Aug 2019

Aug 8 Canada's Magna International Inc trimmed its sales forecast for the second time this year, as weak global demand and the impact of U.S.-China trade tensions pushed down vehicle production in North America and Europe.

Oil producer QEP ends sale process, settles with activist Elliott

07 Aug 2019

QEP Resources will remain an independent oil and gas producer after ending a half-year process to sell itself without a deal, the company said on Wednesday, deciding instead to work with a rebuffed suitor to identify further cost savings.

Burger King owner dishes up profit beat as new products boost traffic

02 Aug 2019

Restaurant Brands International Inc's quarterly profit beat expectations on Friday, as product launches including the plant-based Impossible Whopper drew diners to Burger King, and its investments abroad paid off.

TC Energy says U.S. court lifts order blocking Keystone XL pipeline work

01 Aug 2019

TC Energy Corp's long-delayed Keystone XL oil pipeline took a small step forward this week, after a U.S. court overturned an injunction that barred certain work on the project, the company said.

UPDATE 2-TC Energy says U.S. court lifts order blocking Keystone XL pipeline work

01 Aug 2019

Aug 1 TC Energy Corp's long-delayed Keystone XL oil pipeline took a small step forward this week, after a U.S. court overturned an injunction that barred certain work on the project, the company said.

World News

Russia-backed Syrian forces step in as U.S. retreats

Russia-backed Syrian forces wasted no time in taking advantage of an abrupt U.S. retreat from Syria on Monday, deploying deep inside Kurdish-held territory south of the Turkish frontier less than 24 hours after Washington announced a full withdrawal.