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Canadian mining corporation Barrick Gold buys gold-mining company Randgold Resources, shares of which are quoted in the UK, finversia.ru writes with reference to Dow Jones. Payment will be made in shares. Shareholders of Barrick will own 67% of Randgold. Investors of Randgold will own a 33% stake in Barrick. As a result of the transaction, which should receive approval of the shareholders, the world's largest gold mining company will be established. Its price will be 18 billion dollars. Companies, based on the financial results of 2017, have calculated that the adjusted profit of the combined company will be 4 billion 700 million dollars, revenue - 9 billion 700 million dollars.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
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