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Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.
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By Randall Palmer and Louise Egan. OTTAWA, Jan 4- Canada's prime minister will meet with native leaders next week to discuss social and economic issues, an olive branch to an angry aboriginal movement that has blockaded rail lines and threatened to close Canada's borders with the United States.
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OTTAWA, Jan 4- Canada's economy created far more jobs than expected in December and the jobless rate slid to a four-year low, bolstering the likelihood of a central bank interest rate rise later this year.
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OAKVILLE, Ontario, Jan 4- Canada will invest C $250 million in the country's auto industry, Prime Minister Stephen Harper said on Friday, as Ottawa tries to encourage private sector investment and create manufacturing jobs.
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OAKVILLE, Ontario, Jan 4- The Canadian government does not intend to keep its stake in General Motors Corp over the long term, but will not be influenced by the United States on when to sell, Prime Minister Stephen Harper said on Friday.
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OTTAWA, Jan 3- Proponents of the planned Northern Gateway pipeline from Alberta's oil sands to Canada's West Coast can still carry the day even though the project has generated a wave of opposition, the country's natural resources minister said.
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*US intervention made approval of CNOOC deal more difficult. OTTAWA, Dec 23- In September, two months after China's state-owned CNOOC Ltd made an unexpected $15.1 billion bid for Canadian energy company Nexen Inc, Canada's spy agency told ministers that takeovers by Chinese companies may threaten national security.
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OTTAWA, Dec 17- Bank of Canada Governor Mark Carney did not breach conflict of interest policy by vacationing at the home of a Liberal Party lawmaker, his chief spokesman said on Monday, following a report that the visit occurred while the opposition party was seeking to recruit him.
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*Japan's trading houses have $63 bln in cash. TOKYO, Dec 13- Acquisitive Japanese trading houses will find the course clear of some of their toughest competitors in the race for Canadian energy assets after Ottawa said it would bar state-owned companies from taking majority stakes in oil sands assets.
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*No time frame for ConocoPhillips decision. MUMBAI/ NEW DELHI, Dec 11- India's state oil companies intend to press ahead with plans to buy stakes in Canada's oil sands and believe they will not run afoul of tougher Canadian rules on foreign ownership of the sector.
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TORONTO, Dec 10- The chief executive of one of Canada's largest oil sands companies said on Monday that new government rules limiting control of the Alberta oil sands by state-owned companies will be healthy for the industry.
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*CNOOC must report back to Canada government annually. Defending the $15.1 billion takeover of Nexen, one of Canada's largest independent oil companies, in the face of grumbles from the left, Paradis said that Canada won "significant undertakings" from CNOOC.
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*Canada approves CNOOC bid for Nexen, Petronas buy of Progress. *CNOOC agrees to commitments on transparency, investment, others.
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*Canada approves CNOOC bid for Nexen, Petronas buy of Progress. *CNOOC agrees to commitments on transparency, investment, others.
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Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.
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*Canada approves CNOOC bid for Nexen, Petronas Progress buy. NEW YORK/ OTTAWA, Dec 7- Canada approved China's biggest ever foreign takeover on Friday, the $15.1 billion bid from CNOOC Ltd for energy company Nexen Inc., but drew a line in the sand against future buys by state-owned enterprises.
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Dec 7- Canada announced new foreign investment guidelines on Friday to clarify the criteria the government will use in deciding whether to approve foreign takeover proposals, particularly those made by state-owned enterprises, or SOEs.
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OTTAWA, Dec 7- Canada on Friday approved CNOOC Ltd's landmark $15.1 billion bid for Nexen Inc, but said it would block virtually all new attempts by foreign state-owned enterprises to buy assets in the oil sands.
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NEW YORK/ OTTAWA, Dec 7- Canadian authorities have approved the acquisition of Nexen Inc by China's CNOOC Ltd, a source familiar with the matter said on Friday. CNOOC has offered $15.1 billion to buy Nexen, which has Alberta oil sands assets and offshore operations in the North Sea, Gulf of Mexico and Nigeria.
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OTTAWA, Dec 7- Shares of Nexen Inc and Progress Energy Resources Corp tumbled after the Canadian government scheduled a media briefing on Friday amid expectations that it would announce decisions on high-profile bids by China's CNOOC Ltd and Malaysia's Petronas to buy the energy producers.
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*Government has until Dec. 10 to rule on CNOOC bid. OTTAWA, Dec 7- A powerful Canadian cabinet committee which has been studying CNOOC Ltd's $15.1 billion bid for domestic oil producer Nexen Inc met on Friday as the deadline loomed for Canada's ruling on the proposed Chinese takeover.