Monthly Archive: May 2018

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Enbridge selling Midcoast business to AL Midcoast for $1.44 billion

CALGARY — Enbridge Inc. has signed a deal to sell Midcoast Operating LP in the United States for about $1.44 billion. The Calgary-based company says Midcoast, which has natural gas and natural gas liquids gathering, processing, transportation and marketing businesses in Texas, Oklahoma and Louisiana, is being bought by AL Midcoast Holdings LLC for US$1.12 […]

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Where cannabis meets e-commerce

Namaste technologies’ compelling strategy to win in the cannabis marketplace

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US wholesale prices up a tiny 0.1 per cent in April

WASHINGTON — U.S. wholesale prices edged up just 0.1 per cent in April, held down by a big drop in food costs. It was the smallest gain in four months. The April increase in the Labor Department’s producer price index, which measures inflation pressures before they reach consumers, followed a 0.3 per cent rise in […]

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Walmart rushes into India, paying $16B for stake in Flipkart

BENTONVILLE, Ark. — Walmart is breaking into India’s massive and growing consumer market, spending $16 billion for a controlling stake in the online retailer Flipkart, whose delivery drivers, with their motorcycles and oversized backpacks, have become ubiquitous across the nation of 1.3 billion people. Online sales in India have exploded in recent years, reaching $19.6 […]

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The Latest: Iran nuclear: Merkel says Europe faces more duty

TEHRAN, Iran — The Latest on President Donald Trump’s decision to pull the U.S. out of the Iran nuclear deal (all times local): 4:10 p.m. German Chancellor Angela Merkel says the U.S. withdrawal from the Iran nuclear deal shows Europe will face increasing responsibility to secure peace and seek political solutions to conflicts. Merkel underlined […]

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Enbridge and CPPIB sign renewable power deal, create joint venture

CALGARY — Enbridge Inc. has signed a deal for the Canada Pension Plan Investment Board to buy 49 per cent of the pipeline company’s interests in a group renewable power assets for $1.75 billion. Enbridge says the agreement will see the creation of a joint venture that includes all its Canadian renewable power assets, as […]

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Oil soars above $71 and the dollar is on a tear after Trump dumps Iran deal

LONDON — Crude oil prices jumped back to 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar continued its tireless ascent and world stocks held steady. Trump’s move sparked worries about fresh tension in the Middle East and uncertainty over global […]