(Reuters) -FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its core delivery business. Shares jumped 8% in after-hours trading, adding $5 billion to FedEx's market capitalization. Analysts believe the spinoff could unlock up to $20 billion in shareholder value, while clearing the way for FedEx management to zero in...

Cansortium Inc ( CNTMF ). (CSE:TIUM) also known as FLUENT and RIV Capital Inc ( CNPOF ). (CSE:RIV) (OTC:CNPOF) announced on Thursday the completion of a previously announced arrangement with RIV Capital ( CNPOF ) whereby FLUENT acquired all of the issued and outstanding Class A common shares of RIV Capital ( CNPOF ) in exchange for FLUENT shares. Under...

CHICAGO (Reuters) - China's Sinograin has bought nearly 500,000 metric tons of U.S. soybeans this week for shipment in March and April, paying more for U.S. supplies for state reserves rather than buying cheaper Brazilian beans, two U.S. traders familiar with the deals said. China is the world's top soy buyer and a crucial market for both U.S. and Brazilian...

By Yantoultra Ngui SINGAPORE, Dec 20 (Reuters) - Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C funding round valued the company at $2.1 billion and the investment will be used...