Suncor bids for Petro-Canada

Announced on March 23, the deal will give Suncor the largest resource position in the oil sands and a stake in every major oil development on Canada's east coast.

According to a statement from both companies, the merger will result in annual operating expenditure reductions of C$300m ($244m) through streamlining business practices and overlapping operations, and improving logistics. The company also hopes to save C$1bn ($812m) in annual capital efficiencies by targeting high return, near term

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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