Teck sells oil sands stake to Suncor for $1 billion

Teck sells oil sands stake to Suncor for $1 billion
  VANCOUVER – Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) has agreed to sell its interest in an Alberta oil sands project, a move that was announced ahead of the release of the company’s third quarter financial results. The Vancouver mining giant said it has agreed to sell its 21.3% interest in the Fort Hills Energy Ltd. Partnership and certain associated... Read More

TikTok becomes the world’s highest-grossing social app

TikTok becomes the world’s highest-grossing social app
After gaining massive popularity over the last two years, the short video-sharing platform TikTok has turned its success into a money-making machine. The revenue growth has elevated TikTok to topple other established social media giants. In particular, data compiled by Finbold on October 27 indicates that in September 2022, TikTok generated $2.5 million daily via in-app purchases and subscriptions (excluding advertising) on... Read More