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Global Markets: Barrick Gold to buy rival

By Commodity News Service Canada

WINNIPEG, Sep. 24 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s Barrick Gold Corp. has agreed to buy its rival Randgold Resources Ltd. in a deal worth US$18 billion, according to reports. Randgold’s primary operations are located in Africa.

– The latest round of U.S. tariffs on US$200 billion worth of Chinese imports went into effect Monday morning, with China set to retaliate with its own increased tariffs.

– Iran is warning of revenge against Israel and the United States after an attack on a military parade in the Iranian city of Ahvaz over the weekend left 25 people dead.

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