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Finance & Markets

Troubled Sherritt Misses Payment as Liquidity Crisis Deepens

Sherritt International Corp. missed an interest payment on secured notes, deepening a liquidity crisis for the troubled Canadian miner hobbled by US sanctions that forced it to halt production in Cuba.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Medellín Utility Net Profit Rises 16%

Medellín's utility group reported nine-month net profit of about US$1.0 billion, up 16%, on revenue of US$9.1 billion, while operating earnings fell.

  • Grupo EPM utility net profit rose 16% to $1.0 billion
  • Revenue increased 4% to $9.1 billion during nine months
  • Challenges included El Niño, algae bloom, heavy rain

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