Business Canada

  • The country's new government says its approach will be non-interference in Quebec's affairs, and gave no sign it will laud unity. The former French president Nicolas Sarkozy had broken with tradition by taking sides in the Canadian national unity debate, suggesting that Quebec sovereigntists are an insular movement that is sowing division.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • COPENHAGEN, Oct 12- Danish wind turbine manufacturer Vestas on Friday said uncertainty surrounding a U.S. Production Tax Credit had led to a fall in turbine orders for next year in the country.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • CAIRO, Oct 12- Egypt has no foreign military bases on its soil and has no plans to downsize its armed forces, said the military spokesman, rejecting media reports claiming so.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • NEW YORK-- Shares of Sears Holdings Corp.' s spinoff of its Hometown and Outlet Stores are declining on its debut trading day. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • SYDNEY, Oct 12- Private equity firm TPG has withdrawn a A $694 million takeover bid for Australian surfwear retailer Billabong International Ltd, the second bidder to exit after inspecting its books, knocking the stock to a record low. The TPG withdrawal is a big negative for the stock, "said Stan Shamu, market strategist at IG Markets.

  • --The lowering of the ratings on U.S.-based Genworth Group's core life insurance companies has triggered a review of the ratings on Genworth Financial Mortgage Insurance Pty Ltd.. --We have also revised the outlook on Genworth Financial Mortgage Insurance Pty Ltd. to negative, and affirmed the' AA-' financial strength rating.

  • 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.