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Randgold shareholders vote in favour of merger with Barrick Gold

TORONTO — Shareholders of Randgold Resources Ltd. have voted in favour of a merger with Barrick Gold Corp.Randgold says just over 95 per cent votes cast were in favour of the deal, representing about 70 per cent of outstanding shares.The proposed combination, announced in September, will add gold mine properties in Mali, Senegal, Ivory Coast and the Democratic Republic of Congo to Barrick’s portfolio.The deal, which valued Randgold at about $7.9-billion when announced, will also see Randgold chief executive Mark Bristow move to the same role at Barrick.Barrick Gold shareholders voted more than 99 per cent in favour of the deal earlier this week.Last week, Barrick sweetened its offer to Randgold shareholders by boosting the dividend offer for 2018 to US$2.69 per Randgold share from the US$2 initially proposed.Companies in this story: (TSX:ABX) read more

Asian stocks mixed as investors await Fed meeting minutes

by Youkyung Lee, The Associated Press Posted Feb 21, 2017 8:13 am MDT Last Updated Feb 21, 2017 at 8:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Asian stocks mixed as investors await Fed meeting minutes FILE – In this Oct. 2, 2014, file photo, Wall Street is etched in the facade of a building in New York’s Financial District. Stocks are opening higher on Wall Street, Tuesday, Feb. 21, 2017, as investors return from the holiday weekend in a buying mood. (AP Photo/Richard Drew, File) SEOUL, South Korea – Asian stock markets were mixed with subdued movements on Wednesday, getting little push from the Wall Street’s record high overnight, as investors awaited the Fed’s latest meeting minutes due later in the day for clues about the U.S. central bank’s views on interest rates.KEEPING SCORE: Japan’s Nikkei 225 fell 0.2 per cent to 19,345.12 while South Korea’s Kospi added 0.2 per cent to 2,106.18. Hong Kong’s Hang Seng index jumped 0.8 per cent to 24,154.38 and Shanghai Composite Index inched down 0.1 per cent to 3,250.25. Australia’s S&P/ASX 200 gained 0.1 per cent to 5,797.80. Stocks in Southeast Asia were mixed.ANALYST’S TAKE: “Given the dearth of data release, FOMC minutes ought to be the main focus for markets that have a penchant for line-by-line dissection and de-cryption,” Mizuho Bank said in a daily commentary, referring to the rate-setting Federal Open Market Committee. Last week, Fed chief Janet Yellen indicated the Fed is likely to speed up the pace of interest rate rises if the job market remains healthy and inflation stays on track.WALL STREET: Wall Street again broke records Tuesday. The Dow Jones industrial average climbed 118.95 points, or 0.6 per cent, to 20,743. The Standard & Poor’s 500 index rose 14.22 points, or 0.6 per cent, to 2,365.38. The Nasdaq composite gained 27.37 points, or 0.5 per cent, to 5,865.95. All three indexes are at record highs after rising nine times in the last 10 days. U.S. markets were closed Monday for the Presidents Day holiday.OIL: Benchmark U.S. crude oil rose 21 cents to $54.54 per barrel in New York. The contract rose 55 cents to close at $54.33 per barrel on Tuesday. Brent crude, used to price international oils, added 29 cents to $57.05 a barrel in London.CURRENCIES: The dollar weakened to 113.41 yen from 113.57 yen. The euro rose slightly to $1.0547 from $1.0546. read more