Mixed views on giant First Quantum financing


First Quantum Minerals Ltd. unveiled a blockbuster $1.25-billion stock offering Wednesday night, easily the largest equity offer the Canadian mining space this year. The Vancouver-based company didn\’t need to raise that much money, therefore the deal raises a clear question: Is it worth diluting shareholders so much? The offering, which is priced at $16.25 a share, will raise the share ...

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Revealed: Warren Buffett’s top five picks for stocks that will make you steady money


Warren Buffett gets the red-carpet treatment running a business circles- and for good reason. By buying wonderful companies and holding on for the long haul, the Oracle of Omaha has accumulated one of the biggest fortunes ever. That\’s why for us income investors, it never hurts to peek over the shoulders of the world\’s greatest businessman. But while Buffett\’s holding ...

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Canada Pension Plan said to be in talks about acquiring General Electric’s buyout-lending business


Canada Pension Plan Investment Board is within talks to buy Whirlpool Co.\’s U.S. private-equity lending business because the company accelerates plans to shed most of its finance operations, people acquainted with the matter said. Canada Pension, the nation\’s largest pension-fund manager, is working with Credit Suisse Group AG to arrange financing for any deal that will value the unit\’s equity ...

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Why OPEC may have to cut production eventually


The Organization of the Petroleum Exporting Countries?is not expected to cut production now, but it might have no choice later this year if oil begins to fall again, says Jasper Lawler, a market analyst at CMC Markets UK. \”While OPEC will probably stay the program in June, if oil prices are still low 6 months later at the next meeting, ...

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Gold could rally if market fears over Greece keep escalating


Gold prices haven’t budged much because of Grexit fears over the past few months, however the precious metal may still benefit from the ongoing crisis if it continues to escalate and eventually comes to a head, says Julian Jessop, economist at Capital Economics. “Initially sight the turmoil in Greece has not had much impact on the gold price, which might ...

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Newmont Mining Corp. upgraded at RBC


Newmont Mining Corp. was upgraded to outperform from sector perform at RBC Capital Markets due to improvements in the operating momentum and the disappearance of an M&A-related overhang. The Colorado-based miner acquired the Cripple Creek & Victor gold mine from AngloGold Ashanti Ltd. for US$820 million in cash earlier this week. The deal is accretive for Newmont, nevertheless its share ...

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Bitcoin is the real winner in Greece crisis


Grexit fears might be taking a toll on stock and bond prices this month, but it has been a boon for virtual currency Bitcoin. What may be the worst that may happen if Greece actually defaults? Speculation indicates Greece will likely default and exit the eurozone, but this fact doesn’t seem to be worrying investors. Read on The virtual currency ...

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Goldman Sachs Group Inc tells summer interns not to pull all-nighters, but 7 a.m. to midnight is OK


Goldman Sachs Group Inc has told its summer investment banking interns to not stay in the office overnight inside a bid to improve working conditions for its junior staff. The move, according to company sources and confirmed with a Goldman spokesman, illustrates how Wall Street banks are trying to find to curb excessive hours worked by young employees who see ...

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Leveraged loan ETFs in Canada boost defences in case of selloff


Canadian exchange-traded funds that buy leveraged-loans are shoring up defences against an abrupt flight by investors. The Horizons Senior Loan ETF received approval from the Ontario Securities Commission to enhance borrowing limits to help meet potential redemptions in an asset class where it will take as long as 20 days to shut a trade. First Trust Advisors, which manages the ...

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Carl Icahn exits Netflix Inc stake after stock split announcement


Billionaire Carl Icahn exited his Netflix Inc. stake as the stock doubled this season to lead the Standard & Poor\’s 500 Index and also the video-streaming company announced a regular split. Apple Inc. now represents exactly the same opportunity Icahn saw in Netflix several years ago, the investor said in a tweet. Sold last of our $NFLX today. Believe $AAPL ...

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