In light of Sunshine Oilsands' quarterly loss, John Zahary, President and CEO, says the company's projects are in pre-production stage and revenue will start coming in soon.» Read More
Britain's Serious Fraud Office has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.
Dec 11- Canadian department store operator Hudson's Bay Co reported a steeper loss from continuing operations on Tuesday as it made its first quarterly report since returning to the public market in November and initiated a quarterly dividend.
*USDA monthly supply/demand report due at 1330 GMT. Analysts on average expect USDA to raise its forecast of U.S. corn and wheat ending stocks for 2012/ 13 but cut soybeans.
MANNHEIM, Germany, Dec 11- German analyst and investor sentiment rose sharply in December on the back of encouraging U.S. economic data, entering positive territory for the first time since May, a leading survey showed on Tuesday.
Italian carmaker Fiat. is investing 1.2 billion euros in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW and Porsche.
ABU DHABI, Dec 11- National Bank of Abu Dhabi, the UAE's largest lender by market value, is looking at acquisitions as part of a plan to more than double the proportion of profits it makes from abroad over the next ten years.
*Penalties up to C $100,000 per violation could be imposed.
*Canada asking Russia for delay implementing decision. WINNIPEG, Manitoba, Dec 11- Canada is not developing new tests for the feed additive ractopamine in beef and pork exports to Russia, Agriculture Minister Gerry Ritz said on Tuesday, but is leaving shippers to take their own steps to satisfy the new Russian requirement for zero residue.
NEW YORK, Dec 10- The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year.
*McDonald's shares rise on November sales. NEW YORK, Dec 10- U.S. stocks edged higher on Monday as technology shares bounced back after recent weakness and McDonald's posted strong monthly sales. McDonald's Corp gave the Dow a jolt, gaining 1.1 percent to $89.41, as its November sales were stronger than expected and showed a bounce back from a decline in October.
CALGARY, Alberta, Dec 10- The Committee on Foreign Investment in the United States must approve the Nexen deal before CNOOC Ltd, the Chinese state oil company, can close its $15.1 billion takeover of Canada's Nexen Inc, the last major hurdle to the deal, a source familiar with the matter said on Monday. "That's the principal one," the source said.
DUBAI, Dec 10- A Russia- led coalition on Monday withdrew a proposal to give governments new powers over the Internet, a plan opposed by Western countries in talks on a new global telecom treaty. But Russia, China and many Arab states, which want greater governmental control, have been pushing to expand the treaty beyond traditional telecom operators.
NEW YORK, Dec 10- Bank of England Governor Mervyn King on Monday said he was concerned that countries will increasingly resort to "actively managed exchange rates" next year, in place of domestic monetary policies, if the global economy remains unbalanced.
CALGARY, Alberta, Dec 10- Nexen Inc's chief executive said on Monday that the $15.1 billion acquisition of the Canadian oil producer by China's CNOOC Ltd was not yet wrapped up despite the Canadian government's approval last week.
*Branson plans to keep control of Virgin Atlantic. LONDON, Dec 10- Delta Air Lines Inc is nearing an agreement to buy Singapore Airlines' 49 percent stake in Virgin Atlantic, and is expected to agree to a transatlantic joint venture with the British carrier, a source said.
CALGARY, Alberta, Dec 10- Kevin Reinhart, chief executive of Nexen Inc, said on Monday that the $15.1 billion acquisition of the Canadian oil producer by China's CNOOC Ltd was not yet wrapped up despite the Canadian government's approval of the deal last week.
TORONTO, Dec 10- The start-up of Imperial Oil Ltd's 110,000 barrel per day Kearl oil sands mine is being hampered by bitter winter weather in northern Alberta and is production is unlikely until January, the company's chief executive said on Monday.
*European Commission froze for a year its aviation law. The meeting has been scheduled for Dec. 12-13 in Montreal after a stand-off between the European Union and non-EU nations over a law to include all airlines that use EU airports in the EU Emissions Trading Scheme.
NICE, France, Dec 10- Italian carmaker Fiat is investing 1.2 billion euros in luxury brand Maserati, hoping technology and dealerships from its tie-up with Chrysler will help it to take on German rivals BMW and Porsche. The brand aims to sell at least 13,000 of its new four-door Quattroporte sedans in 2013, priced between 100,000 euros and 150,000 euros each.
TORONTO, Dec 10- Canadian Oil Sands Ltd, the largest shareholder in the Syncrude Canada joint venture, said on Monday that the oil sands project was still looking to resolve problems causing a production shortfall.