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Fixing our moribund, zombie banks is the key to UK recovery
GPD figures to show Britain’s double-dip recession is over
CAD will be in the crosshairs when markets re-open
Powerful endorsement shakes up race for the White House
EU Summit: Another Plan to Plan
Europe mistakes market lull for vote of confidence
As other polls show tight race, Gallup stands apart

Fixing our moribund, zombie banks is the key to UK recovery

Posted: 21 Oct 2012 02:06 AM PDT

Latest from Liam

GPD figures to show Britain’s double-dip recession is over

Posted: 21 Oct 2012 01:57 AM PDT

This week ONS to reveal economy grew around 0.7% in the Q3.

CAD will be in the crosshairs when markets re-open

Posted: 20 Oct 2012 06:47 PM PDT

Friday night — 3 minutes before the midnight deadline — the Canadian Federal government blocked Malaysia’s state-owned energy producer in a $6 billion takeover of a Canadian natural gas producer saying it didn’t provide a ‘net benefit’ to Canada.

"To say that this is unexpected would be the understatement of the year," said Eric Nuttall, portfolio manager for the Sprott Energy Fund. If Ottawa is signalling a broader discomfort with investment from state-owned oil companies, "imagine the potential money that has just been taken off the table," Mr. Nuttall said. "Staggering."

The $15.1 billion takeover of Nexen by China’s state-controlled oil producer now looks much less likely. Oil-industry watchers have been anticipating a flood of takeovers and investment in the oil sands and that is very much in jeopardy now.

The government has given no explanation so far and the deal could be re-jigged but if there is no news by the time the market opens, the Canadian dollar is in for a rough day.