Tausi Insider

Prime Minister Justin Trudeau speaks with Thailand's Prime Minister Prayut Chan-o-cha, during a meeting at Government House, in Bangkok, Thailand, on Nov. 17. POOL/Reuters Prime Minister Justin Trudeau’s tour of Southeast Asia includes a brief stop in Bangkok, which is a visit aimed at showing Canada is serious about forming deeper ties with the region. The two-day visit to Thailand is for Trudeau to take part in the leaders’ meeting of the Asia-Pacific Economic Cooperation forum, a group of 21 economies on both sides of the Pacific that work together to break down barriers to trade. “Showing up is critically important. In Asia in particular, face-to-face relationships are vitally important,” said Timothy Dattels, one of Canada’s three representatives to the APEC Business Advisory Council. “Long-term relationship building is absolutely critical to business; it’s not all just done over the phone, at all,” said Dattels, an investor specializing in the region. He noted that major pl...

The Toronto Stock Exchange is looking for candidates for initial public offerings (IPOs) in Canada among mid-sized Brazilian companies, the bourse’s chief executive Loui Anastasopoulos said after a week-long visit to the country. Anastasopoulos said the targets are mainly in mining, renewable energy and technology, areas favoured by Canadian investors. Some could use the TSX Venture Exchange, tailored for startups, he added. The most successful example of a company that raised capital in Canada in its initial stages is Sygma Lithium Corp, a lithium miner operating in the Minas Gerais Brazilian state. Its 2018 IPO in TSX Venture Exchange valued the company, focused on selling the mineral to car battery makers, at around $90-million. Currently listed also in Nasdaq, Sigma now has a $4.4-billion market capitalization. “That is a solution for mid-sized companies that need to raise capital in small transactions that are difficult to accomplish in local capital markets”, Anastasopoulos sai...

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, on Oct. 25. AHMED YOSRI/Reuters The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023, the Saudi energy ministry said in a statement on Friday. Iraq’s energy minister Hayan Abdel-Ghani met Saudi energy minister Prince Abdulaziz bin Salman on a visit to the kingdom which began on Wednesday. The two sides also pointed to, “the ability to take further measures, if required, to achieve balance and stability in the market,” according to the statement. OPEC+, an alliance that groups together Organization of Petroleum Exporting Countries (OPEC) members and their allies, including Russia, next meets on Dec. 4 in Vienna. In its last meeting on Oct. 5 an output cut of 2 million barrels a day was agreed. Prince Abdulaziz said earlier this week ...