Teck's top shareholder backs Glencore takeover

Teck Resources’ (TSX: TECK.A, TECK.B)(NYSE:TECK) top shareholder, China Investment Corp (CIC), said on Friday it plans to back Glencore's (LON:GLEN) proposed takeover of Canada’s largest diversified miner. China’s sovereign wealth fund favours the deal because it allows for a cleaner...