Global stocks surged, with the Standard & Poor's 500 Index posting its biggest two-day rally in more than three years, as the Federal Reserve pledged patience over rate increases.
Grupo Bimbo SAB (BIMBOA) rose the most in 15 months after the world's biggest breadmaker agreed to acquire a unit of Canada's Saputo Inc. for C$120 million ($103 million).
A moratorium on all forms of hydraulic fracturing in New Brunswick is being put in place by Brian Gallant's government. The bill to impose the moratorium is to be introduced in the legislature on Thursday afternoon.
TORONTO - Alimentation Couche-Tard Inc.'s US$1.7 billion purchase of southern U.S. rival convenience operator Pantry Inc. will cement its position as one of North America's top retail and gas bar companies.
President Vladimir Putin vowed Thursday to fix Russia's economic woes within two years by diversifying away from its heavy reliance on oil and gas and voiced confidence that the plummeting ruble will soon recover.