The Foreign Exchange - Daykeeper
The tag new video from The Foreign Exchange, Daykeeper featuring Muhsinah.
China Railway Construction, Tongling in Corriente Bid
Dec. 29 (Bloomberg) -- China Railway Construction Corp. and Tongling Nonferrous Metals Group Holdings Co. offered C$679 million ($651 million) for Canada’s Corriente Resources Inc. to gain copper resources in South America.
Corriente shareholders will receive C$8.60 per share in cash, China Railway Construction said in a statement to the Hong Kong stock exchange yesterday. That’s 14 percent more than the last traded price of the Vancouver-based company.
China’s biggest railroad builder and Tongling, the nation’s second-largest copper producer, would gain mining rights to 17 deposits in southeast Ecuador. China has been scouring the globe for raw materials to sustain the world’s fastest-growing major economy, buying assets from iron-ore mines in Brazil to oil fields in Canada in the past year.
“It’s a trend for Chinese companies to acquire metal resources abroad to meet domestic demand,” Li Jingyuan, an analyst at Haitong Futures Co. said from Shanghai today. “Tongling needs copper raw materials because of its giant capacity and almost zero self-sufficiency.”
foreign exchange - News
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Foreign exchange rates 29 (CNA) The exchange rates for serious foreign currencies quoted in New Taiwan dollars by Chang Hwa Bank Tuesday. US dollar 32.094 32.494 Euro 45.88 46.88 |
