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How determination and patience helped Karnalyte Resources secure a US$700M financing deal with its Indian partner

There are stories, great stories after which there’s the book that’s required in conclusion the last two years at Calgary-based Karnalyte Resources. And that book is set for any Hollywood ending thanks to a contract in principle the company signed now with India’s Gujarat State Fertilizers and Chemicals Ltd. (GSFC.) ...

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Could oil’s long, dark winter finally be over? Why there’s reason to be pessimistic

Since the Saudis lopped from the head of oil price support in December 2014, energy investors – not to mention energy companies and also the a large number of Canadians who work for them, or at best accustomed to – were living through a long dark winter of Game of ...

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Amaya CEO David Baazov says his takeover bid is still in the works

MONTREAL – Amaya Inc. CEO David Baazov says he still intends to make a bid to accept online gambling company private, though he can’t say as he will officially announce his offer. “I’m in a position to move towards submitting an offer to get the outstanding shares of Amaya, in line ...

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Oil falls back below US$40 as Iran dashes hopes for quick deal on output

LONDON – Oil fell on Monday after Iran dashed about a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing. Global benchmark Brent crude futures fell back below US$40 a barrel, trading at US$39.70 at 1128 GMT, down ...

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The process of raising US$700 million to start Karnalyte’s potash mine in Saskatchewan

A good deal of creativity was required to generate US$700 million in debt and equity to allow for the making of a potash mine in Saskatchewan. Creativity was needed because Karnalyte Resources, the owner of the mine, lacked the total amount sheet and also the share price to raise the ...

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Global stocks fall, yen jumps as commodity prices slide for second day

Global stocks dropped as the biggest two-day slide in commodity prices inside a month awakened memories of the financial market turmoil that marked the beginning of this year. The Australian and Canadian dollars fell and the yen jumped probably the most in a week. Benchmark share gauges in Europe and Asia ...

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Valeant Pharmaceuticals International Inc, troubles rising, changes its pitch to calm investors

Back when its stock soared and investors fawned – just 6 months ago – Valeant Pharmaceuticals International Inc. billed itself as a new kind of drug company. It thrived on acquiring new drugs instead of inventing them, and generating big profits from raising prices on old, undervalued treatments. The behemoth, ...

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What you need to know before markets open

U.S. stock index futures were lower because the Bank of Japan’s gloomy view about the Japanese economy troubled investors in front of the U.S. Federal Reserve’s two-day policy meeting. * The BOJ left unchanged the negative rates of interest it adopted in January, but lowered its assessment of inflation expectations ...

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Deutsche Boerse AG and London Stock Exchange Group Plc seal $30-billion trading tie-up to counter U.S. threat

FRANKFURT/LONDON – Deutsche Boerse AG and London Stock market Group Plc (LSE) agreed to combine inside a US$30-billion deal to create a European trading powerhouse better able to compete with U.S. rivals encroaching on their turf. But the offer, which marks a third attempt to link the Frankfurt and London ...

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Do You Need a Collision Damage Waiver When Renting a Car?

When you rent a car, you are responsible for any damage that occurs while you are driving. When you are signing the paperwork, you will be asked if you want to purchase a collision damage waiver. These waivers are not technically an insurance policy, but they will waive your responsibility ...

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