David's Feed
Sep 28, 2012

Canada won’t say if China involved in hacking incident

OTTAWA, Sept 28 (Reuters) – Canada said it was aware hackers
had breached security at a domestic manufacturer of software
used by big energy companies, but declined to comment on a
report that a Chinese group could be responsible.

Calgary-based Telvent, which is owned by France’s Schneider
Electric SA, warned customers about the attack, which
hit operations in the United States, Canada and Spain, the cyber
security news site KrebsOnSecurity.com reported on Wednesday.

Sep 18, 2012

Canada minister says voters split over CNOOC-Nexen deal

OTTAWA, Sept 18 (Reuters) – Canada’s junior finance
minister, Ted Menzies, said on Tuesday his constituents are
split over Chinese state-owned CNOOC Ltd’s $15.1
billion takeover bid for Canadian oil producer Nexen Inc
, with some backing and others opposing the deal.

The Conservative government, of which Menzies is a member,
is now deciding whether to approve the CNOOC bid on the basis of
whether it is of net benefit to the country. Menzies, himself,
is a legislator from the oil-rich province of Alberta, where
Nexen’s Canadian assets are concentrated.

Sep 7, 2012

Canada closes embassy in Iran, to expel Iranian diplomats

OTTAWA (Reuters) – Canada has suspended diplomatic relations with Iran, closing its embassy in Tehran and giving all Iranian diplomats in Canada five days to leave the country, Foreign Minister John Baird said on Friday, calling Iran the biggest threat to global security.

Baird, in Russia for an Asia-Pacific Economic Cooperation (APEC) meeting, said Canada’s actions were not linked to growing speculation that Israel might launch an attack on Iran’s nuclear facilities.

Aug 1, 2012

Election campaign starts in Quebec, separatists lead

Aug 1 (Reuters) – Quebec Premier Jean Charest took a big
political risk on Wednesday by launching an election campaign
despite polls that show him trailing separatists who want
independence for the Canadian province.

Charest called a provincial election for Sept. 4, which
means the vote will take place before a potentially damaging
inquiry into corruption in the construction industry resumes
work later the same month.

Jul 25, 2012

Insight: China’s CNOOC scoped Nexen, partnered, then pounced

By David Ljunggren, Denny Thomas and Michael Erman

(Reuters) – When Canada’s Nexen Inc fired its CEO in January, an oil giant on the other side of the world sprang into action.

Nexen had been on the wish list of Chinese state oil company CNOOC Ltd for five years. The removal of CEO Marvin Romanow was just the opening the Chinese needed to make their move, according to sources familiar with the situation.

Jul 25, 2012

China’s CNOOC scoped Nexen, partnered, then pounced

July 25 (Reuters) – When Canada’s Nexen Inc fired
its CEO in January, an oil giant on the other side of the world
sprang into action.

Nexen had been on the wish list of Chinese state oil company
CNOOC Ltd for five years. The removal of CEO Marvin
Romanow was just the opening the Chinese needed to make their
move, according to sources familiar with the situation.

Jul 24, 2012

Analysis: Nexen deal should get approved by Ottawa

OTTAWA (Reuters) – A friendly $15.1 billion Chinese bid for a big Canadian energy company gels with government pleas for foreign money to develop the costly oil sands of northern Alberta — a possible sign that the deal could win Ottawa’s approval.

The Canadian government said only that it would review state oil company CNOOC’s bid for Nexen Inc, based on its laws on foreign investment. But lawyers, analysts and insiders say there are good reasons for the deal to go ahead, and few reasons to block it.

Jul 23, 2012

Nexen deal should get approved by Ottawa

OTTAWA, July 23 (Reuters) – A friendly $15.1 billion Chinese
bid for a big Canadian energy company gels with government pleas
for foreign money to develop the costly oil sands of northern
Alberta — a possible sign that the deal could win Ottawa’s
approval.

The Canadian government said only that it would review state
oil company CNOOC’s bid for Nexen Inc, based
on its laws on foreign investment. But lawyers, analysts and
insiders say there are good reasons for the deal to go ahead,
and few reasons to block it.

Jul 23, 2012

Analysis – Canada has more reasons to approve Nexen deal than block it

OTTAWA (Reuters) – A friendly, $15.1 billion Chinese bid for a big Canadian energy company is in line with government pleas for foreign money to develop the costly tar sands of northern Alberta, a possible pointer to the eventual approval of the deal.

Ottawa said only that it would review state oil company CNOOC’s (0883.HK: Quote, Profile, Research) bid for Nexen Inc (NXY.TO: Quote, Profile, Research), based on its laws on foreign investment. But lawyers, analysts and insiders said there were good reasons for the deal to go ahead, and fewer reasons to block it.

Jul 23, 2012

Canada has more reasons to approve Nexen deal than block it

OTTAWA, July 23 (Reuters) – A friendly, $15.1 billion
Chinese bid for a big Canadian energy company is in line with
government pleas for foreign money to develop the costly tar
sands of northern Alberta, a possible pointer to the eventual
approval of the deal.

Ottawa said only that it would review state oil company
CNOOC’s bid for Nexen Inc, based on its laws
on foreign investment. But lawyers, analysts and insiders said
there were good reasons for the deal to go ahead, and fewer
reasons to block it.

    • About David

      "I have been the National Political Correspondent in Canada for Reuters since 1999, focussing on politics, defence (in particular Canada's role in the Afghan War) and the environment. I won the award for Reuters Treasury scoop in 2009 for my work at the G20 summit. From 1995 to 1999 I worked in London, mainly covering foreign affairs, and from 1989 to 1995 I was stationed in Moscow where I covered the collapse of the Soviet Union and the many conflicts this helped trigger."
      Hometown:
      Ottawa
      Joined Reuters:
      1987
      Languages:
      English, French, Russian
      Awards:
      Treasury scoop of the year 2009
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