Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of Hudson's Bay .
THE jump in open interest on rupee/dollar currency futures on the Singapore Exchange indicates that investors are shifting their arbitrage and hedging activity to the city-state after the Indian central bank imposed restrictions on local currency futures, traders said.
General Electric Co affirmed on Thursday that it expects negative free cash flow in the second quarter, and said its power unit plans to cut costs by about 20per cent over the next two years as it tries to become leaner.
Hertz Global Holdings Inc said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment that was due April 27.
KIGALI: Rwanda's Mara Group launched two smartphones on Monday, describing them as the first "Made in Africa" models and giving a boost to the country's ambitions to become a regional technology hub. The Mara X and Mara Z will use Google’s Android operating system and cost 175,750 Rwandan francs...
