LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Canada still welcomes foreign investment despite Petronas: finance minister
CALGARY, Alberta |
CALGARY, Alberta (Reuters) - Canada still welcomes foreign direct investment despite the federal government's refusal late last week to approve the C$5.17 billion ($5.17 billion) acquisition of Progress Energy Resources Corp by Malaysian state oil company Petronas [PETR.UL}, the country's finance minister said on Sunday.
Finance Minister Jim Flaherty told CTV's "Question Period" program proposed acquisitions needed to be correct and that Canada's industry minister can impose conditions on any transactions.
However, he said in the transcript of the interview that Industry Minister Christian Paradis and the companies were continuing discussions on satisfying the government's concerns with the deal.
($1 = $0.99 Canadian)
(Reporting by Scott Haggett; Editing by Maureen Bavdek)
- Tweet this
- Share this
- Digg this