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TORONTO, July 22, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) ("Karora" or the "Corporation") is pleased to announce it has reached an agreement to sell its 28% interest in the Dumont Nickel Project ("Dumont") to two private funds advised by Waterton Global Resource Management, Inc. (collectively, "Waterton") for total consideration of up to $48 million, subject to the terms and conditions of the sale agreement. At closing Karora will receive $10.7 million, comprised of $7.4 million from Waterton for its interest and a $3.3 million refund of Karora's share of the cash held within the Dumont Joint Venture....
Today we will run through one way of estimating the intrinsic value of Dell Technologies Inc. (NYSE:DELL) by taking......
(Bloomberg) -- Silver climbed to the highest in almost seven years and gold continued its march toward a record on expectations there’ll be more stimulus to help the global economy recover from the coronavirus pandemic.Investors have flocked to the metals on surging demand for havens amid a resurgence in virus cases, slowing growth, negative real interest rates in the U.S., flaring political tensions and a weaker dollar. The vast amounts of stimulus unleashed by governments and central banks have also aided prices and, after the success of a European rescue package this week, focus turns to negotiations on legislation to prop up the American economy.Prices have rallied more than 20% this year, with silver’s surge getting an added boost from supply concerns and optimism about a rebound in industrial demand. Holdings in exchange-traded funds backed by silver are at a record, while gold ETF holdings rose the most since mid-June on...
(Bloomberg) -- U.S. health officials agreed pay $1.95 billion for 100 million doses of a vaccine made by Pfizer Inc. and BioNTech SE, the latest step in an effort to fight the coronavirus pandemic.The companies will receive payment upon the receipt of the doses, following regulatory authorization or approval, according to a statement. The government also can acquire up to an additional 500 million doses.Nations around the world have begun ordering vaccines that are still being tested as part of their efforts to try to blunt the impact of the pandemic that’s roiled economies and killed more than 600,000 people since the beginning of the year. The U.S. has already ordered experimental shots developed by the University of Oxford and AstraZeneca Plc.The vaccine would be available to the American people for free, according to the government. Pfizer shares rose more than 5% in pre-market trading. BioNTech climbed about 7%.(Updates with other...
Ericsson (ERIC) and Deutsche Telekom AG (DTEGY) have announced an expanded partnership with a new multi-year deal to deploy the service provider’s 5G Radio Access Network (RAN) across Germany.Under the terms of the deal, several mobile sites will be upgraded to the latest 5G technology standard over the next few years using Ericsson Radio System products and solutions. The 5G deal is in addition to a multi-RAN agreement following modernization of Deutsche Telekom’s 2G, 3G and 4G radio networks over the past two years.ERIC’s Spectrum Sharing solution will also be deployed, allowing Deutsche Telekom to dynamically manage 4G and 5G traffic in its network through efficient use of existing spectrum, enhancing coverage, performance and mobility.Claudia Nemat of Deutsche Telekom AG commented: “We are pleased to have found a leading 5G supplier in Ericsson as a partner, who has also convinced us in the past in the modernization of our mobile access network. After the reliable...
