Correspondent, Toronto, Canada
Alastair's Feed
Oct 22, 2013
Oct 17, 2013

Gold miner surge pushes TSX to 2-year high

TORONTO, Oct 17 (Reuters) – Canada’s main stock index closed
at its highest level in more than two years on Thursday, led by
gold miners, as investors assumed the ill effects of the 16-day
U.S. government shutdown would force the Federal Reserve to
maintain its monetary stimulus.

The U.S. Congress on Wednesday approved an 11th-hour deal to
end the shutdown and pull the world’s biggest economy back from
the brink of a historic debt default that could have threatened
financial calamity.

Oct 17, 2013

TSX gains as gold miners surge after U.S. debt deal

TORONTO, Oct 17 (Reuters) – Canada’s main stock index moved
slightly higher on Thursday as investors seemed unimpressed with
the short-term deal reached to avoid a U.S. debt default and
bought into gold and its miners on an expected delay to U.S.
stimulus reduction.

The U.S. Congress on Wednesday approved an 11th-hour deal to
end a 16-day partial government shutdown and pull the world’s
biggest economy back from the brink of a historic debt default
that could have threatened financial calamity.

Oct 16, 2013

Telecom tycoon says Ottawa’s policy imperils Wind, foreign investment

TORONTO, Oct 16 (Reuters) – Lack of clarity around Ottawa’s
telecommunications policy has jeopardized foreign investment in
Canada and cast doubt over the future of Wind, the largest new
player in the Canadian wireless market, said Egyptian telecom
magnate Naguib Sawiris on Wednesday.

Sawiris bankrolled the start-up of new telecom player Wind
Mobile in 2008, but he lost his ties with the company after his
controlling stake in Orascom was sold to European telecoms firm
Vimpelcom Ltd in 2011.

Oct 16, 2013

Egyptian tycoon says Wind Mobile in peril due to Ottawa policy

TORONTO (Reuters) – Egyptian telecom magnate Naguib Sawiris said on Wednesday the lack of clarity around Ottawa’s telecom policy has put Wind Mobile, the largest new entrant in the Canadian wireless market, at risk of going bust.

Asked about the health of the company, a spokesman for Wind said by email: “We can’t comment on Mr. Sawiris’ statement as it is his personal opinion and he is no longer connected to Wind Mobile Canada.”

Oct 15, 2013

TSX gains as stalling U.S. talks boost gold miners

TORONTO, Oct 15 (Reuters) – Canada’s main stock index gained
on Tuesday, as shares of gold miners jumped after U.S.
negotiations to avert a damaging debt default stalled.

Bullion had hit a three-month low earlier in the day as
investors bet that a deal could be reached. But as negotiations
sputtered ahead of a Thursday deadline, a safe-haven rally for
gold in turn boosted Canada-listed gold miners.

Oct 15, 2013

Telus sues AMC over threatened shutdown in contract dispute

TORONTO (Reuters) – Canadian telecom company Telus Corp is suing AMC to stop the maker of hit television shows “Mad Men” and “Breaking Bad” from withholding its content by the end of the month as it pushes for higher fees, a legal filing showed.

In the complaint, dated October 11 and filed in a New York court, Telus said AMC is using strong-arm tactics to renegotiate terms of a long-standing deal, and that, contrary to AMC’s claims, it has never breached the terms of that deal.

Oct 15, 2013

TSX falls as U.S. talks make investors nervous

TORONTO, Oct 15 (Reuters) – Canada’s main stock index
slipped slightly in early trade on Tuesday, as nervous investors
looked to Washington for progress on fiscal negotiations to
avert a damaging U.S. debt default.

Hopes of a deal rose after U.S. Senate Majority Leader Harry
Reid, a Democrat, and his Republican counterpart, Mitch
McConnell, ended a day of talks on Monday, with Reid saying they
had made “tremendous progress”.

Oct 12, 2013
Oct 10, 2013

BlackBerry co-founders considering bid for company

TORONTO, Oct 10 (Reuters) – BlackBerry Ltd
co-founders Mike Lazaridis and Douglas Fregin are considering a
bid to buy the struggling smartphone maker, according to a
securities filing on Thursday, raising the prospect of an
alternative to a $4.7 billion offer led by its top shareholder.

The filing did not indicate whether the pair was planning to
join or to present an alternative to a tentative $9-a-share bid
by a group led by Fairfax Financial Holdings Ltd.
Fairfax, which is headed by financier Prem Watsa, has not yet
identified other members of the group.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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