Wednesday, February 5

Tag: International Expansion (Facilities)

Meta’s Threads to Launch in Europe in App’s Biggest Expansion Since Debut
30Nov By adminNo Comments
Technology

Meta’s Threads to Launch in Europe in App’s Biggest Expansion Since Debut

Facebook parent Meta Platforms plans to launch Threads in Europe in December, according to people familiar with the matter. The launch represents Threads’ largest market expansion since its debut in July and signals the social-media company’s commitment to the microblogging service, which rivals that of Elon Musk’s X, formerly known as Twitter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Canada Takes $651 Million Write-down on Trans Mountain Pipeline Project
25Nov By adminNo Comments
World

Canada Takes $651 Million Write-down on Trans Mountain Pipeline Project

OTTAWA—Canada-owned Trans Mountain, which operates a crude-oil pipeline in western Canada that is under expansion, said Friday that it would take a write-down on the asset because of higher interest rates.Trans Mountain said that it booked a net loss in the third quarter because of a goodwill impairment charge of C$888 million Canadian dollars, or the equivalent of $651 million. The Canadian government acquired the Trans Mountain pipeline system in 2018 for C$4.5 billion from Kinder Morgan, after the U.S. company threatened to abandon a proposed expansion, aimed at capitalizing on Asian demand for oil, because of political and regulatory uncertainty.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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MMG Plans to Buy Copper Mine in Africa for $1.88 Billion
21Nov By adminNo Comments
World

MMG Plans to Buy Copper Mine in Africa for $1.88 Billion

Mining company MMG has agreed to buy a copper mine in Africa for an enterprise value of nearly $1.88 billion as part of an effort by the Chinese government-backed company to expand its portfolio.MMG, which is nearly 68%-owned by state-owned China Minmetals, plans to buy the Khoemacau mine in northwest Botswana in the emerging Kalahari Copper Belt, the Hong Kong-listed company said Tuesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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J&T Global Express Shares Fall in Hong Kong Trading Debut
27Oct By adminNo Comments
World

J&T Global Express Shares Fall in Hong Kong Trading Debut

Oct. 27, 2023 12:14 am ETShares of Tencent-backed J&T Global Express edged lower early in their trading debut in Hong Kong, coming after the Chinese logistics company raised US$501 million in an initial public offering to fund expansion in Southeast Asia and other markets.Shares of the Shanghai-based company were last at 11.86 Hong Kong dollars in midmorning trade Friday, down 1.2% from their IPO pricing of HK$12.00.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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