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Getting a better price from CNOOC
According to the Wall Street Journal, the Alberta government is holding the federal Conservatives' feet to the fire to exact better terms from CNOOC in its bid to buy Nexen. Details are sparse, but possible terms include employment levels, capital spending and guaranteed levels of Canadian representation at the board and executive levels.
So a hedgie walks onto an Argentine Navy ship ...
Elliott Capital Management has raised the issue of a long-standing debt in spectacular fashion. After a favourable court judgement found that Argentina's government owes the hedge fund an undisclosed sum related to a 2001 bond, Elliott Capital tracked the ARA Libertad, a training ship owned by the Argentine navy. Once safely in port in Ghana, the captain was served with a Ghanian injunction, essentially freezing the ship until the debt is paid.
Flying the unprofitable skies
India's airlines are now able to sell stakes to foreign fliers, but will anyone buy?