SANTIAGO, Chile - Chile's environmental regulator blocked Barrick Gold Corp.'s US$8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental permit as well as a failure by the company to accurately describe what it had done wrong.
TORONTO - North American markets were slightly lower Friday following better-than-expected durable goods orders in April that suggested encouraging news for U.S. manufacturers.
MONTREAL - National Bank (TSX:NA) announced Friday it was hiking its dividend and buying back some of its shares as it reported a second-quarter profit that beat analyst estimates by a wide margin.
WINNIPEG - Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm to an Egyptian investment group and use about half of the proceeds to reduce its pension obligations and debt.
TORONTO - North American markets opened lower after better-than-expected durable goods data for April and ahead of a holiday weekend in the U.S.
WINNIPEG - Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm to an Egyptian investment group and use about half of the proceeds to reduce its pension obligations and debt.
WASHINGTON - U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.
TORONTO - North American markets were set to a lower open Friday amid better-than-expected durable goods data for April, and a long holiday weekend in the U.S.
BANGKOK - Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.
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