Bloomberg Business

Canadian Pacific Wins US Approval for $27 Billion Rail Deal

Canadian Pacific Railway Ltd. received a green light to complete its $27 billion acquisition of Kansas City Southern, overcoming opposition from shippers and creating the only rail operator serving the US, Canada and Mexico.

Stablecoin Operator Moves $1 Billion in Reserves to Bahamas

The operator of the world’s fifth-largest stablecoin has moved $1 billion in reserves backing the token to a bank in the Bahamas, as digital-asset firms continue to seek alternative homes for their cash following the collapse of several crypto-friendly lenders in the US.

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