Chinese Oil Giant Makes Offer for Rival The New York Times | The giant Chinese oil company Sinopec made a $7.22 billion takeover bid on Wednesday for the international oil and gas exploration company Addax Petroleum. Skip to next paragraph Add to Portfolio Addax Petroleum Corporation China Petroleum and Chemical Corporation (Sinopec) | Go to your Portfolio ...
Big Oil Ready for Big Gamble in Iraq Wall Street Journal By GINA CHON | BAGHDAD -- Next week, Iraqi officials plan a welcome-back party for Big Oil. | The government intends to auction off oil contracts to foreign companies for the first time since Iraq nationalized its oil industry more than three decades ago. If all goes according to plan in the first r...
China Investment Buying Stake in Teck Resources The New York Times | Filed at 2:23 p.m. ET | TORONTO (AP) -- Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt. | The Vancouver-based co...
Free-agent frenzy travels north of the border National Post | For all the anticipation, the three biggest fish never really got into the pond. The Calgary Flames signed defenceman Jay Bouwmeester on Tuesday night, and the Vancouver Canucks successfully retained Daniel and Henrik Sedin yesterday morning. And j...
MULTINATIONALS Obama's myth of foreign tax breaks Globe and Mail | -- reynolds.globe@gmail.com | Isaac Merritt Singer, sporadic inventor and itinerant actor, gets the credit for the first U.S. multinational company. Mr. Singer didn't invent the ...
Condo sales hit low Canada Dot Com | 73% Decline | Despite a record number of construction cranes gracing the horizon, Toronto's once-thriving new condo market hit a dismal sales low in the first quarter of 2009, ac...
TSX closes above 10,000 as economic outlook brightens Canada Dot Com | Canada's top exchange rose for the second straight day and closed back above 10,000 after the OECD improved its economic outlook and durable goods orders in the U.S. beat expectations. | The U.S. Federal Reserve also signalled that the economic con...
Big Oil Ready for Big Gamble in Iraq Wall Street Journal By GINA CHON | BAGHDAD -- Next week, Iraqi officials plan a welcome-back party for Big Oil. | The government intends to auction off oil contracts to foreign companies for the first time since Iraq nationalized its oil industry more than three decades...
CANADA FINANCE-Prudence saved Canada's banks, may hold them back The Guardian (This story is part of a special Reuters News package highlighting Canada's financial sector.) * Prudence, regulation saved Canada's banks * Canada's big banks now eye acquisitions * Caution may limit leadership, analysts say By Andrea Hopkins TORONT...
Italy anti-G8 protest turns violent Al Jazeera | Thousands of protesters have clashed with Italian police in the first big protest against the upcoming G8 summit of the world's richest nations in Italy next week. | Police in riot gear fired teargas at protesters on Saturday to prevent them from crossing a bridge and moving closer to a controversial US military base in the northea...
Rescuers free humpback whale'Gentle giant' caught in prawn-trap gear Canada Dot Com | In a battle of prawns versus whales, the prawns were winning. A humpback whale -- an endangered species -- had become entangled in rope attached to 50 prawn traps, two buoys and the buoy anchors. | The 700 kilograms of gear was holding the whale down, and fishermen called marine mammal rescuers for help earlier this month. | Rescuers rushed to th...
