BHP Billiton takeover of Potash could cost Canada over £1bn in lost taxes October 4, 2010 BHP BILLITON’S $39bn (£24.6bn) hostile bid for Potash cleared a hurdle yesterday, as an independent report found that BHP is a more suitable owner than potential rival Sinochem. The report, commissioned by the Canadian province of Saskatchewan, said that BHP’s takeover could cost the area at least C$2bn (£1.23bn)?in lost taxes, though the government could [...]
Report mulls impact of BHP bid for Potash October 3, 2010 AN INDEPENDENT report on the impact of a takeover of Canada’s PotashCorp will today reignite the country’s debate over the implications of such a move, as expectations of a Chinese-led counterbid to BHP Billiton’s $39bn (£24.7bn) offer begin to dwindle. The report by the Conference Board of Canada will make no recommendations, though it will [...]
Report mulls impact of BHP bid for Potash October 3, 2010 AN INDEPENDENT report on the impact of a takeover of Canada’s PotashCorp will today reignite the country’s debate over the implications of such a move, as expectations of a Chinese-led counterbid to BHP Billiton’s $39bn (£24.7bn) offer begin to dwindle. The report by the Conference Board of Canada will make no recommendations, though it will [...]
Corporate lending in Europe, Africa and the Middle East rises to $574bn September 30, 2010 COMPANIES in Europe, the Middle East and Africa (EMEA) borrowed $574bn (£365bn) of syndicated loans in the first nine months of 2010, up 16 per cent on the same period a year ago as the loan market was boosted by a jumbo loan for BHP Billiton, according to Thomson Reuters data. Lending in the third [...]
Corporate lending in Europe, Africa and the Middle East rises to $574bn September 30, 2010 COMPANIES in Europe, the Middle East and Africa (EMEA) borrowed $574bn (£365bn) of syndicated loans in the first nine months of 2010, up 16 per cent on the same period a year ago as the loan market was boosted by a jumbo loan for BHP Billiton, according to Thomson Reuters data. Lending in the third [...]
BHP awaits Potash study September 29, 2010 BHP BILLITON’S efforts to take over Potash Corp endured another twist yesterday, as rival bidder Sinochem struggled to find partners for a counterbid while a Canadian report on BHP’s suitability as a bidder was delayed. Chinese firm Sinochem has failed to team up with Russian fertiliser group UralKali, according to reports last night, leaving it [...]
BHP pulls out of Falklands JV September 28, 2010 SHARES in Falkland Oil and Gas lost over a fifth of their value in a single day yesterday after the oil and gas explorer said BHP Billiton had pulled out of a joint venture drilling project in the Falkland Islands. Falkland Oil and Gas said BHP had elected not to enter the second phase of [...]
BHP pulls out of Falklands JV September 28, 2010 SHARES in Falkland Oil and Gas lost over a fifth of their value in a single day yesterday after the oil and gas explorer said BHP Billiton had pulled out of a joint venture drilling project in the Falkland Islands. Falkland Oil and Gas said BHP had elected not to enter the second phase of [...]
Fast & furious September 28, 2010 IT’S ALWAYS a little strange when you get the impression you’re driving a Ferrari when you’re really hitting 40mph in a small hatchback. Powering along the north Kent coast in the Fabia vRS, towards a particularly excellent gastro pub, the car shrieked and howled so loudly you’d think there was a V12 under the bonnet. [...]
CAR TALK September 28, 2010 FERRARI SLEEKEST YET This is Ferrari’s strictly limited edition (pre sold-out) SA Aperta – to be launched at the Paris Motor Show. Ferrari will build only 80 SA Apertas in homage to Italian design house Pininfarina, which is 80 this year. The V12-powered roadster sits lower to the ground than other Ferrari models and has [...]