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Vermilion to buy Spartan Energy for $860mn in stock

Bloomberg Vermilion Energy Inc. agreed to buy Spartan Energy Corp. for about C$1.08 billion ($860 million) in stock, adding to its production and acreage in southeast Saskatchewan in the largest oil and gas company takeover in Canada this year. Spartan holders will get 0.1476 of a Vermilion share for each Spartan share, Vermilion said in statement. That represents a premium ...

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Economics tends to advance only one iconoclast at a time

In recent years, a number of economic ideas once considered unassailable have been called into question. The financial crisis and Great Recession throw much of macroeconomic and financial wisdom out the window, and now new evidence is challenging orthodoxy in a variety of areas. For example, recent studies suggests that labour markets don’t work the way economists traditionally believed, and ...

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The humbling of technology in China

Tech or media? What to many people is an esoteric question could end up making a multibillion-dollar difference to Chinese companies that serve up content ranging from jokes to gossip. Technology firms, those ground-breaking companies with research teams hard at work building moats, are more highly prized than media counterparts that merely provide content. In the S&P 500, for example, ...

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