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Global Markets: Middle East conflict continues

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Published: October 9, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.

 

  • Fighting between Hezbollah and Israeli forces in Lebanon continued Wednesday, while the latest Israeli strikes in Gaza left 45 Palestinians dead, according to reports. United States President Joe Biden is set to talk with Israeli Prime Minister Benjamin Netanyahu on Wednesday, with Israel’s potential response to Iran’s recent missile attack expected to be discussed.

 

 

  • Canada’s Alimentation Couche-Tard upped its bid for Japanese 7-Eleven owner Seven & i Holdings by 22 per cent on Wednesday, according to reports. The new proposal values the convenience story company at US$47 billion and raises the share price to US$18.19 from the original, rejected offer, of US$14.86 per share. Couche-Tard owns the Circle-K chain of convenience stores.

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