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China’s CNOOC Announces Third Acquisition In Canada

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July 23, 2012
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In what could be termed as one of the most ambitious acquisitions by a Chinese company, state-controlled CNOOC, agreed to buy Canada’s Nexen Inc (NYSE:NXY) (TSE:NXY), for about $15.1 billion. China’s top offshore oil producer agreed that it would pay $27.50 per common share, which amounts to 61 percent premium to Nexen’s closing price in New York on Friday. CNOOC plans an all cash deal, and will fund the acquisition through its existing cash resources and...
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Negative Yields Present German Bunds As A Safe Haven – But Are They?

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July 23, 2012
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Germany’s approval of a bailout package for Spain’s banking sector did not stop Spain’s borrowing costs from rising to record highs on Friday amid growing doubts that the country can escape a full-blown bailout. At the same time, German bond yields continue hitting all-time lows. In June this year, yields on the two-year German note had turned negative for the first time. Last Friday saw the one-, two- and three-year bonds sink further into...
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Morning News: Updates on MCD, HAL, ETN, CCE, HAS, PETS, JPM, GWR, RA

in Business July 23, 2012

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in Business July 22, 2012

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in Business July 22, 2012

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in Business July 22, 2012

How to Delete/Clear Browsing History on Chrome for Android and iOS

in Technology July 22, 2012

Microsoft Reveals Details on Windows 8 Store and Apps Pricing

in Technology July 22, 2012

Italian Stocks are Extremely Cheap on Quantitative Basis

in Business July 22, 2012