A week before Barrick Gold Corp. Chairman Peter Munk retires, his successor John Thornton is emerging as a dealmaker as the former Goldman Sachs Group Inc. banker pursues a bid to combine the two biggest gold miners.
The Canadian dollar reached the strongest level in almost three months as minutes from the Federal Reserve’s last policy meeting suggested the Bank of Canada may keep pace with its U.S. counterpart in raising interest rates.
Sun Pharmaceutical Industries Ltd., India’s largest drugmaker by market value, agreed to buy competitor Ranbaxy Laboratories Ltd. for $3.2 billion from Japan’s Daiichi Sankyo Co., which paid 61 percent more for the company five years ago.
A week after Goldcorp Inc. Chairman Ian Telfer said he didn’t expect anyone to thwart his company’s C$2.73 billion ($2.47 billion) hostile offer for Osisko Mining Corp., Yamana Gold Inc. is poised to do just that.
Canada’s OPSEU Pension Trust and Australia’s Retail Employees Superannuation Trust are among companies weighing bids for Australian import terminals that may fetch as much as A$500 million ($462 million), according to people with knowledge of the matter.
As software maker SAP AG expands in emerging markets from Beijing to Buenos Aires, managers are also focusing their attention on a place they have sometimes neglected: the company’s home country of Germany.