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The Colombo Stock Exchange (CSE) has showcased a strong growth trajectory in Capital Raising by Sri Lankan corporates of all scales during the first 7 months of 2021. Sri Lankan corporates are increasingly recognizing the exchange as a platform to achieve greater financial freedom, improved access to capital, enhanced global profile, access to liquidity and...

By Reuters Staff 2 Min Read May 27 (Reuters) - Canadian miner Noront Resources is looking to adopt a poison-pill plan to thwart a potential takeover of the company by Australian mining magnate Andrew Forrest’s Wyloo Metals. Wyloo’s unsolicited bid for the remaining shares of the company values Noront at C$133 million ($110.12 million), or C$0.315 per share. It is Noront’s top shareholder, with a 23% stake as of December. “The rights plan is designed to ensure that all Noront shareholders are treated fairly in connection with any takeover bid and to protect against ‘creeping bids’ ...

Spanish rapid-delivery startup Glovo has agreed to pay 170 million euros ($208 million) to buy the Balkans units of Germany's Delivery Hero, it said on Wednesday, accelerating its expansion after it recently raised fresh cash.

By Reuters Staff (Updates with U.S. State Department comment, background) MOSCOW, May 14 (Reuters) - Russia has frozen the Moscow bank accounts of Radio Free Europe/Radio Liberty after fining it repeatedly for breaking its “foreign agent” legislation, the U.S. broadcaster said on Friday. Russia has designated RFE/RL as “foreign agent” media. Earlier on Friday, Russian bailiffs carried out an inventory of its Moscow bureau and notified it of the beginning of proceedings over unpaid fines for violations of the “foreign agent” law. Under the law, Russian authorities have the power to...

General Motors Co workers in Mexico were on track to defeat one of the country's biggest unions in a contract vote last month that has prompted U.S. action under the countries' trade deal, a Mexican government report shows.