Business Canada

  • HONG KONG, Oct 12- Hong Kong shares are set for a slightly higher open on Friday that will lift them into positive territory for the week as hopes of more steps from China to support its domestic stock markets lure investors back into the market.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • Financial Times Headlines BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT- CLARKE GETS ROLE AS TRADE' ROCKET BOOSTER'- GEITHNER HAS PHONE FRIEND AT BLACKROCK- AZERBAIJAN ATTACKS BP FOR MISSING TARGETS- COCA-COLA HELLENIC TO QUIT GREECE- SOFTBANK IN TALKS TO TAKE CONTROL OF SPRINT- SCHAUBLE AND LAGARDE CLASH OVER AUSTERITY- OIL GROUPS SET TO EXPORT US CRUDE- UK URGED TO LEARN CANADA BORROWING LESSONS- Overview BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT.

  • OTTAWA, Oct 11- Canada tentatively backed on Thursday the International Monetary Fund's call for giving debt-burdened Greece and Spain more time to reduce their budget deficits. "I think it's certainly worth considering," Finance Minister Jim Flaherty told reporters on a conference call from Tokyo when asked if he backed the IMF view.

  • WASHINGTON, Oct 11- The cost of sending a letter in the United States will go up by a penny next year, the cash-strapped U.S. Postal Service said on Thursday. The Postal Service will also offer a new, global Forever stamp starting next year, which customers can use to send letters anywhere in the world for a set price of $1.10.

  • Bill Haslam was asked at the Southern Automotive Conference on Thursday about what steps are being taken to keep investments from moving abroad, especially in light of a recent decision by German automaker Audi to build its first North American plant in Mexico. Audi is a Volkswagen subsidiary.

  • Oct 11- Canadian Pacific Railway said on Thursday that its chief financial officer, Kathryn McQuade, will retire on Nov. 1, the fourth senior executive to leave Canada's second-largest railroad after a bruising proxy battle earlier this year.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • Oct 11- Goldstar Minerals Inc:. *Enters into letter agreement to option pump lake property from Niogold in. *Says to acquire up to a 75% interest from Niogold.

  • Oct 11- Canadian Pacific Railway said on Thursday that its chief financial officer, Kathryn McQuade, would retire on Nov. 1. CP, Canada's second-biggest railroad, said Brian Grassby would replace her as CFO from that date. McQuade will remain as a senior advisor to Grassby until the end of her contract in May 2013.

  • The cash-strapped U.S. Postal Service said Thursday that it will raise postage rates on Jan. 27, including a 1- cent increase in the cost of first-class mail to 46 cents. Currently, the prices vary depending on the international destination, with letters to Canada and Mexico costing 85 cents.

  • TORONTO, Oct 11- Canada's main stock index rose slightly on Thursday, recovering from three days of losses that culminated in a five-week low, encouraged by U.S. employment data and comments from the IMF that were seen as supporting stability in the euro zone.

  • ,operator of the largest independent fleet of for-hire oil trucks in the United States, said on Thursday it has agreed to buy OMNI Energy Services Inc for $445 million to boost the size of its U.S. oilfield production and environmental services business.

  • TORONTO, Oct 11- Canada's main stock index rose slightly on Thursday, recovering from a five-week low and three days of losses after encouraging U.S. employment data and comments from the IMF that were seen supporting stability in the euro zone. The Toronto Stock Exchange's S&P/TSX composite index.

  • OTTAWA, Oct 11- The idea that global banking reforms should be watered down or delayed to protect a weak global economy is "fanciful," Mark Carney, head of the G20's financial regulatory task force, said in an interview published on Thursday in Euromoney Magazine.

  • *Canada has until Nov. 11 to decide fate of CNOOC bid. OTTAWA, Oct 11- Canada said it needs more time to complete its review of a $15.1 billion Chinese bid to take over oil and gas explorer Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.

  • Oct 11- Standard& Poor's Ratings Services said today that it has assigned its' BBB-' global scale ratings to Toronto- based Fairfax Financial Holdings Ltd.' s pending issuance of up to C $200 million in 10- year fixed-rate senior unsecured debt.

  • CALGARY, Alberta, Oct 11- Canadian cash crude prices weakened on Thursday with some refineries and processing units in Canada and the United States going off line for maintenance.

  • Penn National Gaming Inc. said on Thursday it was seeking to build an $807 million resort casino and hotel on a parcel that is now home to a newspaper and a bus terminal.

  • --North American rent-to-own retailer Rent-A-Center has demonstrated the willingness and ability to maintain credit ratios within levels indicative of an "intermediate" financial risk profile.