MONTREAL�Orascom Telecom Holding says it's withdrawing an application to acquire control of Wind Mobile Canada but says it's interested in working with the Canadian government on another approach.
Imperial Oil is closing its refinery in Eastrern Passage and converting it into a marine terminal. The company said it could not find a buyer for its facility to continue operating as a refinery.
TORONTO - The Canadian dollar was slightly higher Wednesday ahead of the mid-afternoon release of the U.S. Federal Reserve's latest policy statement and economic projections.
NEW YORK--Stocks edged lower in early trading, as investors looked ahead to the afternoon's Federal Reserve policy announcement.
Statoil says it has discovered light, high-quality oil in the Flemish Pass basin 500 kilometres northeast of St. John's, raising hopes for an as-yet-untapped part of the Newfoundland offshore.