Canada seems to be shifting to a new oil and gas partner

Source: Bloomberg
Cnooc Ltd. has placed all cash takeover bid of a bit more than USD 15b for Nexen Inc. This indicates that Canada is switching from the US towards China as countries oil and gas partner. Canada's crude deposits, which are the third largest in the world, were partly developed by the fund from the US. China, being worlds most energy consuming country, is considering Canada as a possible major future supplier due to its plans to expand oil pipelines to pacific coast. 
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Tue, 24 Jul 2012 10:09:31 GMT

German data hits Euro and stocks

Germany's manufacturing sector shrank the most in July in the last three years. Markit PMI contracted by 1.7, reached 43.3 (gauge of 50 separates contraction from expansion of economy) and indicates that Germany's economy might shrink in the third quarter this year. EUR fell to 1.2104 USD slightly above a two year low of USD 1.2067. FTSEurofirst 300 index, which contains top European shares, lost 0.2% and canceled all the previous

Tue, 24 Jul 2012 09:47:30 GMT

U.S. Real Estate Market Lifts Off a Bottom

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