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Business Canada

  • S Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke will visit Mumbai. *Prime Minister Manmohan Singh to speak at International Energy ministers meeting in New Delhi. *World Steel Association's 2- day annual conference in New Delhi.

  • *Looming risk to safe-haven flows to U.S., Japan. TOKYO, Oct 10- The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.

  • WASHINGTON, Oct 9- A U.S. congressional report that urged American companies to stop doing business with Chinese telecom equipment makers Huawei and ZTE.

  • OTTAWA, Oct 9- Canada indicated strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd from helping to build a secure Canadian government communications network because of possible security risks.

  • *Canada invokes "national security exception"* Suggests Huawei may be excluded from building network* U.S. House report urged U.S. firms not to deal with Huawei By Randall Palmer.

  • HONG KONG, Oct 10- Hong Kong shares are set to dip on Wednesday if weakness on Wall Street sparks profit-taking after the previous session's China- led rally. Meanwhile, the European Commission has delayed a trade case against Huawei and ZTE Corp, easing tensions between the European Union and China.

  • Oct 10- With flu season approaching, a Canadian study offers more reassurance that children with egg allergies can be safely vaccinated against the virus. The researchers, whose findings appeared in The Journal of Allergy and Clinical Immunology, followed 367 egg-allergic people, mostly children, who got the flu shot over five years.

  • OTTAWA, Oct 9- Canada indicated strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd from helping to build a secure Canadian government communications network because of possible security risks.

  • *Ontario pharmacists now allowed to renew prescriptions. TORONTO, Oct 9- Pharmacists in the Canadian province of Ontario have been granted the right to administer flu shots, renew prescriptions and perform other healthcare services that could help offset revenue lost through provincial curbs on generic drug prices.

  • TOKYO, Oct 10- The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.

  • NEW YORK, Oct 9- Ivanhoé Cambridge Inc has expanded its apartment ownership in Silicon Valley, spending $234 million for a project under construction and an existing building, the real estate arm of Canadian pension fund Caisse de dépôt et placement du Québec said Tuesday.

  • TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. sank 3.7 percent to C $39.60, Goldcorp Inc. lost 3.9 percent to C $43.45, and Manulife Financial.

  • OTTAWA, Oct 9- The Canadian government hinted strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd from helping to build a secure government communications network because of possible security risks.

  • OTTAWA, Oct 9- Morgan Stanley's Canadian unit won approval from Canadian authorities to participate directly in auctions for government securities, the Bank of Canada said on Tuesday.

  • TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. The Toronto Stock Exchange's S&P/TSX composite index. unofficially ended down 145.42 points, or 1.17 percent, at 12,273.57.

  • --We are raising our issue-level rating on Montreal- based Resolute Forest Products Inc.' s US $850 million senior secured notes to' BB' from' BB-', and revising our recovery rating on the debt to' 2' from' 3'. --We base the revision to the recovery rating on the company's lower debt levels due to recent voluntary debt repayments from internally generated cash flows.

  • NEW YORK-- Shares of Optimer Pharmaceuticals tumbled 6 percent Tuesday as Wall Street weighed in on the company's marketing strategy and sales of its antibacterial drug Dificid. On Tuesday Oppenheimer& Co. analyst Christopher Holterhoff downgraded Optimer shares to "Perform" from "Outperform," and said he is not convinced the plan will work.

  • TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. The Toronto Stock Exchange's S&P/TSX composite index. unofficially ended down 145.42 points, or 1.17 percent, at 12,273.57.

  • Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.

  • *Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.