Australia’s Qantas Airlines will cut flights to Canada in half and reduce other international routes by the end of March as a cost-saving measure. The company is facing stiffer competition in...
Oji Paper Co. of Japan, an international paper, board and packaging manufacturer, and Canfor Corporation of Vancouver, a producer of kraft pulp and sack kraft paper, lumber and other wood and wood...
Toronto-based Sun Life Assurance Company has sold to Indian Hotels Company, its 9% interest in Piem Hotels. Indian Hotels Co., part of the Tata group, now owns 50% of Piem Hotels.
SC Minerals Canada, a subsidiary of Sumitomo Corporation of Japan, said that it will sell its rights in a Canadian copper project to Canada’s Imperial Metals Corporation for C$12.5 million....
Tokyo-based Daishowa Paper Mfg. Co. announced the impending sale of all shares of Toronto-based Daishowa Forest Products Ltd., a wholly owned subsidiary of Daishowa Paper’s Daishowa North...
Sumitomo’s wholly-owned Canadian subsidiary, SC Minerals Canada Ltd., has sold its 47.5% stake in the Mount Polley copper mine near Williams Lake, British Columbia, to Imperial Metals Corp., a...
Toronto-based insurance company Canada Life, as part of its global restructuring plan, has cancelled its plans to enter the Indian market. Late last year the company announced plans to establish a...
Japan’s Cycle Nuclear Development Group will turn over the 14 uranium mining rights it holds in Canada to Ni-ka Uran, a joint venture funded by Itochu Trading, Kaigan Uranium Resource...
CIBC World Markets, the global investment banking, securities and asset management arm of CIBC, has sold its interest in Perth, Australia-based Bristile Ltd., which produces clay bricks, pavers and...
An Australian court has ruled that Foster’s brewing company must pay tax on the capital gains it made in Canada. In 1993, Foster’s sold 10% of Carling O’Keefe Breweries to Miller...
Montréal-based Telesystems International Wireless, a global mobile communications operator, has decided to sell its 40% share of Hexacom India, a Rajasthan cellular operator that it co-owns...
Kelowna-based diamond exploration company Dia Met Minerals Ltd. announced that it was looking for a buyer after two of the company’s shareholders, who together own a 38% interest, said that...
Bell Canada International Inc. announced today that it has signed a share purchase agreement with Taiwan Cement Corporation to sell its 20% minority interest in the Taiwanese PCS provider, KG...
Carmanah Resources Ltd., a Calgary-based international oil and gas firm, has finished the sale of its subsidiary, GFB Resources (Natuna) Limited, which has a 90% working interest in the N.E. Natuna...
The Aditya Birla Group is seeking to purchase Alcan’s 45% stake in Utkal Alumina International Ltd. to become the single largest equity holder in the firm. The group is especially interested...
Bell Canada International Inc. is expected to sell back its 20% holding in KG Telecommunications Co. to Taiwan’s Koos Group in the third quarter of this year. Bell’s decision is part of...
Bell Canada International (BCI), a subsidiary of BCE Inc., announced that it has signed an agreement to sell its 21% stake in Hansol M.com, a PCS provider, to Korea Telecom. Korea Telecom will...
Japan Radio Corporation has sold its subsidiary JRC Canada Inc. to five Canadian companies, after attempts to sell it as one unit failed. Japan Radio, which manufacturers radio communications...
The Philippines’ Metropolitan Bank and Trust Company (MBT) has signed an agreement with the Bank of Nova Scotia for the sale of Scotiabank’s 40% stake, (comprising 9,339,143 class B...
The Bank of Nova Scotia and the Metrobank Group of the Philippines are close to forging a deal which would allow the Canadian Bank to sell its 40% share of Solid Banking Corp. (Solidbank) to...
