Pembina Pipeline Says Canada OKs Proposed Acquisition Of Enbridge's Interest In Alliance/Aux Sable
(RTTNews) - Pembina Pipeline Corp. (PPL.TO, PBA) announced Tuesday that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge's interest in the Alliance, Aux Sable, and NRGreen joint ventures.
The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Transaction, which is expected to occur on April 1, 2024.
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Pembina Pipeline Closes Acquisition Of Enbridge's Interest In Alliance/Aux Sable
Pembina Pipeline Corp. (PBA, PPL.TO) announced Monday that it has completed its previously announced acquisition of Enbridge Inc.'s (ENB, ENB.TO)interest in the Alliance, Aux Sable, and NRGreen joint ventures. Pembina Pipeline increased its ownership in Alliance and Aux Sable.
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899 days ago
Pembina Pipeline Sets C$880 Mln Capital Investment Program For 2024
While providing financial guidance for the full-year 2024 on Monday, Pembina Pipeline Corp. (PBA, PPL.TO) expects adjusted EBITDA of C$3.725 billion to C$4.025 billion.
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1011 days ago
Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to hike its benchmark lending rate by 25 basis points, to 1.25 percent from 1.00 percent.
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36 minutes ago
South Korea Producer Prices Rise 0.2% In August
Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
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1h 27min ago
U.S. Dollar Ends Roughly Flat Amid Easing Inflation Concerns After Crude Oil Slides
The U.S. Dollar value ended nearly flat on Thursday after crude oil prices tumbled following U.S. President Donald Trump's statement on Iran talks while investors continued to assess yesterday's interest rate hike in the U.S.
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1h 35min ago
Canadian Market Up Firmly, Set To End On Strong Note
The Canadian market remained firmly up in positive territory Thursday afternoon, thanks largely to hectic buying in the materials sector.
A drop in U.S. Treasury yields and weak oil prices following the Federal Reserve's interest rate hike and hopes that the central bank will strive to rein in inflation lifted investor sentiment.
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3h 44min ago
Swiss Market Ends On Firm Note Again
The Switzerland market's benchmark index SMI closed on a firm note on Thursday after staying positive throughout the session, as oil prices and bond yields dropped following a rate hike by the Federal Reserve and hopes that the central bank will strive to rein in inflation.
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4h 19min ago
European Markets Close Higher As Oil, Bond Yields Drop After Fed Rate Hike
European equities closed higher Thursday as falling oil prices and declining bond yields followed the Federal Reserve's 25 basis point rate increase. The Stoxx 600 gained 0.86%, with miners and energy stocks leading gains across major indexes.
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4h 53min ago
