(Reuters) - "The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," it said.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Saturday, June 30, 2007
Pound Posts Sixth Straight Quarterly Gain on Outlook for Higher U.K. Rates
(Bloomberg) -- The pound posted a quarterly gain,
its sixth in a row, after a rise in consumer and mortgage lending
supported the view that the Bank of England will keep raising
interest rates to curb inflation.
Data showed consumer credit growth almost doubled in May and
mortgage approvals unexpectedly rose to a three-month high,
suggesting the BOE must do more to cool price growth. Policy
makers next decide on interest rates on July 5, and economists
surveyed by Bloomberg News expect them to lift the main benchmark
a quarter-point to 5.75 percent.
Read more at Bloomberg Currencies News
its sixth in a row, after a rise in consumer and mortgage lending
supported the view that the Bank of England will keep raising
interest rates to curb inflation.
Data showed consumer credit growth almost doubled in May and
mortgage approvals unexpectedly rose to a three-month high,
suggesting the BOE must do more to cool price growth. Policy
makers next decide on interest rates on July 5, and economists
surveyed by Bloomberg News expect them to lift the main benchmark
a quarter-point to 5.75 percent.
Read more at Bloomberg Currencies News
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