At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
WASHINGTON - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
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.
U.S. decision now key for Nexen deal approval: source
CALGARY, Alberta |
CALGARY, Alberta (Reuters) - The Committee on Foreign Investment in the United States must approve the Nexen deal before CNOOC Ltd (0883.HK), the Chinese state oil company, can close its $15.1 billion takeover of Canada's Nexen Inc NXY.TO, the last major hurdle to the deal, a source familiar with the matter said on Monday.
"That's the principal one," the source said. He would not speculate how long the committee, chaired by U.S. Treasury Secretary Timothy Geithner, might take to rule after the companies resubmitted their application in late November.
The source did not want to be named because he was not authorized to discuss the matter.
The Canadian government gave its green light to the deal on Friday.
(Reporting by Jeffrey Jones; Editing by Phil Berlowitz)
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