S&amp;P/TSX Composite Index http://www.globalpost.com/taxonomy/term/34087/all en UPDATE 3-Canada's Great-West Lifeco buys Irish Life for $1.7 bln http://www.globalpost.com/dispatch/news/thomson-reuters/130219/update-1-canadas-great-west-lifeco-buys-irish-life-17-bln <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Irish govt gains full return of its outlay</p> <p>* Great-West Lifeco expects 10 pct earnings boost</p> <p>* Irish finance minister to explore further potential sales</p> <p>* Great-West shares rise 2.4 pct</p> <p>By Padraic Halpin</p> <p>DUBLIN, Feb 19 (Reuters) - Canadian life insurer Great-West Lifeco bought state-rescued insurer Irish Life for 1.3 billion euros ($1.7 billion) on Tuesday in a deal that increases its presence in Ireland and lightens the Irish government's debts.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130219/update-1-canadas-great-west-lifeco-buys-irish-life-17-bln" target="_blank">read more</a></p> Business Economy of Canada Economy of the Republic of Ireland Europe Financial services Financial services in the Republic of Ireland Labor Law S&P/TSX Composite Index The Great-West Life Assurance Company Thomson Reuters Tue, 19 Feb 2013 15:00:43 +0000 Thomson Reuters 5759984 at http://www.globalpost.com Canadian insurer Great-West Life buys Irish Life http://www.globalpost.com/dispatch/news/afp/130219/canadian-insurer-great-west-life-buys-irish-life <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Canadian insurance company Great-West Life has agreed to buy state-owned Irish Life for Can$1.75 billion ($1.75 billion, 1.31 billion euros), it said Tuesday.</p> <p>Winnipeg, Manitoba-based Great-West said it will combine the operations of its 110-year-old Irish subsidiary, Canada Life, and Irish Life. The new entity will retain the Irish Life name.</p> <p>Established in 1939, Irish Life is the largest life and pensions group and investment manager in Ireland, with more than one million customers and 37 billion euros of assets under management.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/canadian-insurer-great-west-life-buys-irish-life" target="_blank">read more</a></p> Financial services Financial services in the Republic of Ireland S&P/TSX Composite Index AFP Tue, 19 Feb 2013 15:16:11 +0000 Agence France-Presse 5760013 at http://www.globalpost.com UPDATE 3-Kyrgyzstan sets deadline to revise Centerra Gold deal http://www.globalpost.com/dispatch/news/thomson-reuters/130221/update-1-hard-kyrgyzstan-builds-pressure-centerra-gold <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Government to cancel contract if no compromise</p> <p>* Insists Centerra must pay for environmental damage</p> <p>* Centerra says facing new government claim for $315 mln</p> <p>* Centerra says 2009 deal "solid"; open to talks</p> <p>By Olga Dzyubenko and Bhaswati Mukhopadhyay</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130221/update-1-hard-kyrgyzstan-builds-pressure-centerra-gold" target="_blank">read more</a></p> Business Centerra Centerra Gold Disaster Entertainment Kyrgyzstan S&P/TSX Composite Index Thomson Reuters Thu, 21 Feb 2013 14:45:16 +0000 Thomson Reuters 5762188 at http://www.globalpost.com Metro says weak economy, investments to hit earnings http://www.globalpost.com/dispatch/news/thomson-reuters/130320/metro-says-weak-economy-investments-hit-earnings <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Victoria Bryan</p> <p>DUESSELDORF, Germany (Reuters) - German retailer Metro &lt;MEOG.DE&gt; predicted operating earnings would fall in the coming months, hit by weak consumer spending, a lack of major sporting events and investments aimed at reviving its main cash and carry business.</p> <p>Shares in the company, which also runs consumer electronics stores, hypermarkets and department stores, fell over 3 percent in Wednesday morning trade, the biggest decline by a European blue-chip stock &lt;.FTEU3&gt;.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130320/metro-says-weak-economy-investments-hit-earnings" target="_blank">read more</a></p> Business Dividend Metro Metro Inc. S&P/TSX Composite Index Thomson Reuters Wed, 20 Mar 2013 11:00:19 +0000 Thomson Reuters 5788598 at http://www.globalpost.com CNOOC says 2012 net profit fell 9.3% http://www.globalpost.com/dispatch/news/afp/130322/cnooc-says-2012-net-profit-fell-93 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chinese oil giant CNOOC on Friday reported that 2012 net profit fell 9.3 percent, blaming higher operating costs -- including exploration -- and the poor global economy.</p> <p>The state-owned energy company said net profit for last year was 63.69 billion yuan ($10.25 billion), down from 70.26 billion yuan in 2011.</p> <p>Revenue rose 2.8 percent to 247.63 billion yuan from 240.94 billion yuan the previous year.</p> <p>The Beijing-based company attributed the fall in profits to the increased cost of searching for new wells and operating existing ones.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130322/cnooc-says-2012-net-profit-fell-93" target="_blank">read more</a></p> China National Offshore Oil Corporation Economy of Canada S&P/TSX Composite Index Technology AFP Fri, 22 Mar 2013 10:31:53 +0000 Agence France-Presse 5790825 at http://www.globalpost.com CNOOC says 2012 net profit fell 9.3% http://www.globalpost.com/dispatch/news/afp/130322/cnooc-says-2012-net-profit-fell-93-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Chinese oil giant CNOOC on Friday reported that 2012 net profit fell 9.3 percent, blaming higher operating costs -- including exploration -- and the poor global economy.</p> <p>The state-owned energy company said net profit for last year was 63.69 billion yuan ($10.25 billion), down from 70.26 billion yuan in 2011.</p> <p>Revenue rose 2.8 percent to 247.63 billion yuan from 240.94 billion yuan the previous year.</p> <p>The Beijing-based company attributed the fall in profits to the increased cost of searching for new wells and operating existing ones.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130322/cnooc-says-2012-net-profit-fell-93-0" target="_blank">read more</a></p> China National Offshore Oil Corporation Economy of Canada S&P/TSX Composite Index Technology AFP Fri, 22 Mar 2013 10:45:44 +0000 Agence France-Presse 5790836 at http://www.globalpost.com First Quantum announces multi-billion Inmet takeover http://www.globalpost.com/dispatch/news/afp/130323/first-quantum-announces-multi-billion-inmet-takeover <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Canadian copper giant First Quantum Minerals has announced victory in its bid to secure a Can$5.1 billion (3.9 billion euro) takeover of compatriot Inmet Mining Corp.</p> <p>The takeover will create a "new global leader in copper" with a portfolio including operations in eight countries on four continents, First Quantum said in a statement Friday.</p> <p>First Quantum has forecast revenues of US$3.5 billion in 2013, while a strategic plan for the company has set a target of producing 1.3 million tonnes of copper a year by 2018.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130323/first-quantum-announces-multi-billion-inmet-takeover" target="_blank">read more</a></p> Business Economy of Canada Inmet Mining Corp. S&P/TSX 60 Index S&P/TSX Composite Index AFP Sat, 23 Mar 2013 23:01:15 +0000 Agence France-Presse 5792175 at http://www.globalpost.com Padma Graft: ACC team to visit Canada soon http://www.globalpost.com/dispatch/news/asianet/130406/padma-graft-acc-team-visit-canada-soon <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> A two-member Anti Corruption Commission (ACC) team will soon visit Canada to complete its ongoing investigation into the much-talked-about Padma Bridge graft case.</p><P>The Commission on Thursday issued a government order (GO) allowing the team to go to Canada to probe the graft allegation in the Padma Bridge project, an ACC investigator told UNB.</p><P>The team members are ACC legal adviser advocate Anisul Haque and investigation officer of the Padma graft case Mirza Zahidul Alam.</p><P>The team will stay in Canada for 12 days from April 8 to collect documents related to Padma graft case</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130406/padma-graft-acc-team-visit-canada-soon" target="_blank">read more</a></p> Economy of Canada Politics S&P/TSX 60 Index S&P/TSX Composite Index Asianet Sat, 06 Apr 2013 15:47:33 +0000 Asianet 5804007 at http://www.globalpost.com Padma graft probe: ACC team set to fly to Canada http://www.globalpost.com/dispatch/news/asianet/130409/padma-graft-probe-acc-team-set-fly-canada <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> A two-member Anti Corruption Commission (ACC) team on Sunday applied for visas to visit Canada to complete its ongoing investigation into the much-talked-about Padma Bridge graft case.</p><P>“Today, we applied for visas to the Canadian High Commission in Dhaka. We’ll fly for Canada once the visas are in our hands.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130409/padma-graft-probe-acc-team-set-fly-canada" target="_blank">read more</a></p> Economy of Canada Politics S&P/TSX 60 Index S&P/TSX Composite Index Asianet Tue, 09 Apr 2013 14:31:44 +0000 Asianet 5807289 at http://www.globalpost.com Chile halts construction of huge gold mine http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A Chilean court on Wednesday halted construction of what would be one of the world's biggest gold mines, accepting a complaint filed by indigenous groups.</p> <p>The complaint against the project launched in 2009 by Canadian mining company Barrick Gold, the world's largest gold producer, cited environmental concerns, according to the ruling by the Santiago Appeals Court, which was seen by AFP.</p> <p>The unfinished Pascua Lama gold mine straddles the Chilean-Argentine border. The project has seen stiff resistance from environmental groups and local communities.</p> <p>pa/dw/vlk</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> Matter Mining S&P/TSX Composite Index AFP Wed, 10 Apr 2013 13:00:31 +0000 Agence France-Presse 5808829 at http://www.globalpost.com Chile halts construction of huge gold mine http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A Chilean court said on Wednesday it has suspended construction of what would be one of the world's biggest gold mines, accepting a complaint filed by indigenous groups on environmental grounds.</p> <p>The complaint against the project launched in 2009 by Canadian mining company Barrick Gold, the world's largest gold producer, cited concerns over possible damage to a river, according to the ruling by the Santiago Appeals Court, which was seen by AFP and issued Tuesday night.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine-0" target="_blank">read more</a></p> Barrick Gold Mining S&P/TSX Composite Index AFP Wed, 10 Apr 2013 13:30:43 +0000 Agence France-Presse 5808854 at http://www.globalpost.com Chile halts construction of huge gold mine http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A Chilean court suspended construction of what would be one of the world's biggest gold mines on Wednesday, accepting a complaint filed by indigenous groups on environmental grounds.</p> <p>The project was launched in 2009 by Canadian mining company Barrick Gold, the world's largest gold producer, after an initial investment of $8 billion.</p> <p>It plans to spend $8.5 billion more on the unfinished Pascua Lama mine, which straddles the Chile-Argentina border at an altitude of 4,000 meters (13,200 feet), and had hoped to start production next year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine-1" target="_blank">read more</a></p> Business Mining S&P/TSX 60 Index S&P/TSX Composite Index AFP Wed, 10 Apr 2013 14:45:25 +0000 Agence France-Presse 5808897 at http://www.globalpost.com Chile halts construction of huge gold mine http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine-2 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A Chilean court suspended construction of what would be one of the world's biggest gold mines on Wednesday, accepting a complaint filed by indigenous groups on environmental grounds.</p> <p>The project was launched in 2009 by Canadian mining company Barrick Gold, the world's largest gold producer, after an initial investment of $8 billion.</p> <p>It plans to spend $8.5 billion more on the unfinished Pascua Lama mine, which straddles the Chile-Argentina border at an altitude of 4,000 meters (13,200 feet), and had hoped to start production next year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130410/chile-halts-construction-huge-gold-mine-2" target="_blank">read more</a></p> Barrick Gold Business Mining S&P/TSX Composite Index AFP Wed, 10 Apr 2013 16:45:53 +0000 Agence France-Presse 5809084 at http://www.globalpost.com Chilean court freezes major mining project http://www.globalpost.com/dispatch/news/agencia-efe/130410/chilean-court-freezes-major-mining-project <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>Santiago, Apr 10 (EFE).- Citing unresolved environmental issues, a Chilean appellate court ordered a complete halt to work on the Chile portion of Barrick Gold's Pascua Lama mining project, which extends across the Andes into neighboring Argentina.</p> <p>The court in the northern city of Copiapo granted an injunction in response to a request from area communities.</p> <p>Work will continue on the Argentine portion of Pascua Lama, which is estimated to hold 18 million ounces of gold and 676 million ounces of silver.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/130410/chilean-court-freezes-major-mining-project" target="_blank">read more</a></p> Gold mining Mining S&P/TSX Composite Index Agencia EFE Wed, 10 Apr 2013 19:15:32 +0000 Agencia EFE 5809521 at http://www.globalpost.com Canadian stock market closes higher on positive Chinese data http://www.globalpost.com/dispatch/news/asianet/130410/canadian-stock-market-closes-higher-positive-chinese-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> The Canadian stock market ended higher Tuesday, with its main index posting the biggest one-day gain since the start of the year as investors were encouraged by positive Chinese economic data and pegged hopes for a global economic recovery.</p><P>The S&amp;P/TSX Composite Index climbed nearly 140 points, or 1.2 Percent, to 12,484.05, while the S&amp;P/TSX Venture Composite Index gained 13.38 points, or 1.28 percent, to 1,054.77.</p><P>China's consumer price index (CPI), a main gauge of inflation, grew 2.1 percent in March year on year, down from a 10-month high of 3.2 percent in February, </p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130410/canadian-stock-market-closes-higher-positive-chinese-data" target="_blank">read more</a></p> Economy of Canada S&P/TSX 60 Index S&P/TSX Composite Index Asianet Wed, 10 Apr 2013 19:17:45 +0000 Asianet 5809547 at http://www.globalpost.com