There may be a bug in FeedWordPress. Please contact the author and paste the following information into your e-mail:
HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company\'s expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you\'re reading it on someone else\'s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["post_excerpt"]=> string(5141) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company\'s expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you\'re reading it on someone else\'s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["epoch"]=> array(3) { ["issued"]=> int(1328322832) ["created"]=> NULL ["modified"]=> int(1328322832) } ["post_date"]=> string(19) "2012-02-04 03:33:52" ["post_modified"]=> string(19) "2012-02-04 03:33:52" ["post_date_gmt"]=> string(19) "2012-02-04 02:33:52" ["post_modified_gmt"]=> string(19) "2012-02-04 02:33:52" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["guid"]=> string(148) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["meta"]=> array(6) { ["syndication_source"]=> string(43) "Reuters: Financial Services and Real Estate" ["syndication_source_uri"]=> string(21) "http://uk.reuters.com" ["syndication_feed"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["syndication_feed_id"]=> string(2) "16" ["syndication_permalink"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["syndication_item_hash"]=> string(32) "90ba04221c04430aa1d3b73fefa8895e" } ["tags_input"]=> array(0) { } ["post_author"]=> string(1) "8" ["post_category"]=> array(1) { [0]=> int(1) } ["post_pingback"]=> bool(false) } ["$this"]=> object(SyndicatedPost)#204 (11) { ["item"]=> array(16) { ["title#"]=> int(1) ["title"]=> string(54) "Sunshine Oilsands postpones Hong Kong $700 mln IPO-WSJ" ["link#"]=> int(1) ["link"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(148) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 02:33:52 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328322832) } ["link"]=> object(SyndicatedLink)#184 (4) { ["id"]=> string(2) "16" ["link"]=> object(stdClass)#191 (23) { ["link_id"]=> string(2) "16" ["link_url"]=> string(21) "http://uk.reuters.com" ["link_name"]=> string(43) "Reuters: Financial Services and Real Estate" ["link_image"]=> string(0) "" ["link_target"]=> string(6) "_blank" ["link_category"]=> string(1) "0" ["link_description"]=> string(255) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial ins" ["link_visible"]=> string(1) "Y" ["link_owner"]=> string(1) "1" ["link_rating"]=> string(1) "0" ["link_updated"]=> string(19) "0000-00-00 00:00:00" ["link_rel"]=> string(0) "" ["link_notes"]=> string(1907) "feed/title#: 1 feed/title: Reuters: Financial Services and Real Estate feed/link#: 1 feed/link: http://uk.reuters.com feed/description#: 1 feed/description: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. feed/tagline#: 1 feed/tagline: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. feed/subtitle#: 1 feed/subtitle: Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. feed/logo#: 1 feed/logo: http://uk.reuters.com/resources_v2/images/reuters125.png feed/id: http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed update/last: 1328322511 update/ttl: 72 update/timed: automatically update/hold: scheduled update/unfinished: yes update/processed: http://uk.reuters.com/article/2011/04/29/citic-results-idUKB9E7FB01620110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews\nhttp://uk.reuters.com/article/2011/04/29/idUKWLA923420110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews\nhttp://uk.reuters.com/article/2011/04/29/india-stocks-idUKL3E7FT1CC20110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews " ["link_rss"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["object_id"]=> string(2) "16" ["term_taxonomy_id"]=> string(2) "14" ["term_order"]=> string(1) "0" ["term_id"]=> string(2) "14" ["taxonomy"]=> string(13) "link_category" ["description"]=> string(0) "" ["parent"]=> string(1) "0" ["count"]=> string(2) "11" ["recently_updated"]=> string(1) "0" } ["settings"]=> array(23) { ["feed/title#"]=> int(1) ["feed/title"]=> string(43) "Reuters: Financial Services and Real Estate" ["feed/link#"]=> int(1) ["feed/link"]=> string(21) "http://uk.reuters.com" ["feed/description#"]=> int(1) ["feed/description"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["feed/tagline#"]=> int(1) ["feed/tagline"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["feed/subtitle#"]=> int(1) ["feed/subtitle"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["feed/logo#"]=> int(1) ["feed/logo"]=> string(56) "http://uk.reuters.com/resources_v2/images/reuters125.png" ["feed/id"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["update/last"]=> int(1328329129) ["update/ttl"]=> int(68) ["update/timed"]=> string(13) "automatically" ["update/hold"]=> string(9) "scheduled" ["update/unfinished"]=> string(3) "yes" ["update/processed"]=> string(408) "http://uk.reuters.com/article/2011/04/29/citic-results-idUKB9E7FB01620110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews http://uk.reuters.com/article/2011/04/29/idUKWLA923420110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews http://uk.reuters.com/article/2011/04/29/india-stocks-idUKL3E7FT1CC20110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["link/uri"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["link/name"]=> string(43) "Reuters: Financial Services and Real Estate" ["link/id"]=> string(2) "16" ["map authors"]=> array(1) { ["name"]=> array(1) { ["reuters: financial services and real estate"]=> string(1) "8" } } } ["magpie"]=> object(MagpieRSS)#205 (31) { ["parser"]=> resource(98) of type (Unknown) ["current_item"]=> array(0) { } ["items"]=> array(3) { [0]=> array(16) { ["title#"]=> int(1) ["title"]=> string(54) "Sunshine Oilsands postpones Hong Kong $700 mln IPO-WSJ" ["link#"]=> int(1) ["link"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(148) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 02:33:52 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328322832) } [1]=> array(16) { ["title#"]=> int(1) ["title"]=> string(56) "UPDATE 2-Colombia cenbank restarts dollar buying program" ["link#"]=> int(1) ["link"]=> string(140) "http://uk.reuters.com/article/2012/02/04/colombia-cenbank-idUKL2E8D3H4220120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(144) "http://uk.reuters.com/article/2012/02/04/colombia-cenbank-idUKL2E8D3H4220120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(7447) "
* Central bank raised rate to 5 percent
* Investors seeking higher yields outside developed economies (Adds detail on government measures)
By Helen Murphy and Jack Kimball
BOGOTA, Feb 3 (Reuters) - Colombia's central bank on Friday re-established buying at least $20 million daily for at least three straight months to help stem gains in the currency amid pressure from exporters.
Emerging market nations such as Colombia have faced a flood of cheap money in recent months as near-zero interest rates in developed markets prompt investors to seek higher yields, pushing up their currencies and strengthening their economies.
The peso has firmed almost 7 percent this year, making it one of the best performing currencies among the world's 36 most-traded, partly thanks to strong foreign direct investment inflows.
The dollar purchase program, which previously ran through September 2011, would re-start on Monday, the bank said in a statement.
Policy makers on Monday raised the benchmark lending rate a quarter point to 5 percent to slow inflation and cool bank lending, bringing complaints from exporters of flowers and bananas that the move would attract additional capital, boost the peso and damage their business.
"The rate hike is an invitation for speculative capital to come to the country in higher volumes, sharpening the revaluation process," the flower and banana growers industries said in a joint statement on Wednesday.
"Most worrying is that the measure to hike the interest rate has not even come accompanied by some exchange rate intervention given the space that exists to increase reserves."
Banana and flower exporters are among the biggest employers of rural Colombians and lead a lobby of exporters that have been the most vocal seeking a weaker currency after as many as 20,000 jobs in the flower industry have been lost in the last four years which they blame on the strong peso.
In a bid to stem the peso's rise, the government said on Monday it would not bring in dollars for financing in 2012 and would keep $1 billion in dividends from state oil company Ecopetrol, and another $1.2 billion in royalties, abroad.
The government has also said it would avoid imposing capital controls to prevent pressure on the currency and instead aim for long-term measures and micro-structural reforms.
Colombia has in the past used tools like lowering taxes to boost business competitiveness. Back in 2007 it established unpopular capital controls to deter speculative capital entering the market. They have since been lifted.
Almost $15 billion in foreign direct investment flowed into the Andean nation last year, mostly in the oil and mining sectors, as military blows against drug-funded insurgent groups made doing business easier and safer.
The bank's dollar purchases may head off further gains in the peso following the U.S. Federal Reserve's pledge last week to keep the benchmark U.S. rate low through 2014, sending investors to seek higher returns in countries like Colombia. (Reporting By Jack Kimball; Editing by Leslie Adler, Andrew Hay and Carol Bishopric)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 02:13:01 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(140) "http://uk.reuters.com/article/2012/02/04/colombia-cenbank-idUKL2E8D3H4220120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(7447) "
* Central bank raised rate to 5 percent
* Investors seeking higher yields outside developed economies (Adds detail on government measures)
By Helen Murphy and Jack Kimball
BOGOTA, Feb 3 (Reuters) - Colombia's central bank on Friday re-established buying at least $20 million daily for at least three straight months to help stem gains in the currency amid pressure from exporters.
Emerging market nations such as Colombia have faced a flood of cheap money in recent months as near-zero interest rates in developed markets prompt investors to seek higher yields, pushing up their currencies and strengthening their economies.
The peso has firmed almost 7 percent this year, making it one of the best performing currencies among the world's 36 most-traded, partly thanks to strong foreign direct investment inflows.
The dollar purchase program, which previously ran through September 2011, would re-start on Monday, the bank said in a statement.
Policy makers on Monday raised the benchmark lending rate a quarter point to 5 percent to slow inflation and cool bank lending, bringing complaints from exporters of flowers and bananas that the move would attract additional capital, boost the peso and damage their business.
"The rate hike is an invitation for speculative capital to come to the country in higher volumes, sharpening the revaluation process," the flower and banana growers industries said in a joint statement on Wednesday.
"Most worrying is that the measure to hike the interest rate has not even come accompanied by some exchange rate intervention given the space that exists to increase reserves."
Banana and flower exporters are among the biggest employers of rural Colombians and lead a lobby of exporters that have been the most vocal seeking a weaker currency after as many as 20,000 jobs in the flower industry have been lost in the last four years which they blame on the strong peso.
In a bid to stem the peso's rise, the government said on Monday it would not bring in dollars for financing in 2012 and would keep $1 billion in dividends from state oil company Ecopetrol, and another $1.2 billion in royalties, abroad.
The government has also said it would avoid imposing capital controls to prevent pressure on the currency and instead aim for long-term measures and micro-structural reforms.
Colombia has in the past used tools like lowering taxes to boost business competitiveness. Back in 2007 it established unpopular capital controls to deter speculative capital entering the market. They have since been lifted.
Almost $15 billion in foreign direct investment flowed into the Andean nation last year, mostly in the oil and mining sectors, as military blows against drug-funded insurgent groups made doing business easier and safer.
The bank's dollar purchases may head off further gains in the peso following the U.S. Federal Reserve's pledge last week to keep the benchmark U.S. rate low through 2014, sending investors to seek higher returns in countries like Colombia. (Reporting By Jack Kimball; Editing by Leslie Adler, Andrew Hay and Carol Bishopric)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328321581) } [2]=> array(16) { ["title#"]=> int(1) ["title"]=> string(53) "Obama nominates Baer to head DOJ's top antitrust post" ["link#"]=> int(1) ["link"]=> string(138) "http://uk.reuters.com/article/2012/02/04/antitrust-baer-idUKL2E8D40JS20120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(142) "http://uk.reuters.com/article/2012/02/04/antitrust-baer-idUKL2E8D40JS20120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(5816) "
* Baer's nomination to antitrust division widely expected
* Baer heads antitrust practice group at Arnold & Porter
* Baer would replace Sharis Pozen at DOJ's antitrust unit
By Sarah N. Lynch
WASHINGTON, Feb 3 (Reuters) - William Baer, an attorney with the law firm Arnold and Porter LLP, was nominated by President Barack Obama on Friday to head the Justice Department's antitrust division.
Baer, who is the chair of Arnold and Porter's Antitrust Practice Group, also previously headed the Federal Trade Commission's competition division when it stopped a merger between Staples and Office Depot in 1997.
He will replace Sharis Pozen, the acting assistant attorney general for antitrust, who plans to step down at the end of April. Pozen succeeded Christine Varney, who left last August.
Baer's nomination, which was widely expected, still must be confirmed by the U.S. Senate.
The antitrust division of the Justice Department reviews mergers to make sure they comply with antitrust laws, and it also prosecutes price-fixing.
Last year, the division successfully opposed AT&T Inc's $39 billion deal to acquire wireless rival T-Mobile USA , and in May it threatened to sue if NASDAQ OMX Group and IntercontinentalExchange Inc proceeded with a bid for NYSE Euronext.
Baer is seen as someone who would continue the present policies of the Justice Department's antitrust office.
The division's key outstanding cases include the purchase of Nortel's patent assets by a consortium led by Apple, and Google's purchase of Motorola Mobility. It also has a number of criminal price-fixing probes.
(Reporting By Sarah N. Lynch and Diane Bartz; Editing by Gary Hill)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 01:21:49 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(138) "http://uk.reuters.com/article/2012/02/04/antitrust-baer-idUKL2E8D40JS20120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(5816) "
* Baer's nomination to antitrust division widely expected
* Baer heads antitrust practice group at Arnold & Porter
* Baer would replace Sharis Pozen at DOJ's antitrust unit
By Sarah N. Lynch
WASHINGTON, Feb 3 (Reuters) - William Baer, an attorney with the law firm Arnold and Porter LLP, was nominated by President Barack Obama on Friday to head the Justice Department's antitrust division.
Baer, who is the chair of Arnold and Porter's Antitrust Practice Group, also previously headed the Federal Trade Commission's competition division when it stopped a merger between Staples and Office Depot in 1997.
He will replace Sharis Pozen, the acting assistant attorney general for antitrust, who plans to step down at the end of April. Pozen succeeded Christine Varney, who left last August.
Baer's nomination, which was widely expected, still must be confirmed by the U.S. Senate.
The antitrust division of the Justice Department reviews mergers to make sure they comply with antitrust laws, and it also prosecutes price-fixing.
Last year, the division successfully opposed AT&T Inc's $39 billion deal to acquire wireless rival T-Mobile USA , and in May it threatened to sue if NASDAQ OMX Group and IntercontinentalExchange Inc proceeded with a bid for NYSE Euronext.
Baer is seen as someone who would continue the present policies of the Justice Department's antitrust office.
The division's key outstanding cases include the purchase of Nortel's patent assets by a consortium led by Apple, and Google's purchase of Motorola Mobility. It also has a number of criminal price-fixing probes.
(Reporting By Sarah N. Lynch and Diane Bartz; Editing by Gary Hill)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328318509) } } ["channel"]=> array(12) { ["title#"]=> int(1) ["title"]=> string(43) "Reuters: Financial Services and Real Estate" ["link#"]=> int(1) ["link"]=> string(21) "http://uk.reuters.com" ["description#"]=> int(1) ["description"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["tagline#"]=> int(1) ["tagline"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["subtitle#"]=> int(1) ["subtitle"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["logo#"]=> int(1) ["logo"]=> string(56) "http://uk.reuters.com/resources_v2/images/reuters125.png" } ["textinput"]=> array(0) { } ["image"]=> array(6) { ["title#"]=> int(1) ["title"]=> string(43) "Reuters: Financial Services and Real Estate" ["link#"]=> int(1) ["link"]=> string(21) "http://uk.reuters.com" ["url#"]=> int(1) ["url"]=> string(56) "http://uk.reuters.com/resources_v2/images/reuters125.png" } ["feed_type"]=> string(3) "RSS" ["feed_version"]=> string(3) "2.0" ["encoding"]=> string(5) "UTF-8" ["_source_encoding"]=> string(0) "" ["ERROR"]=> string(0) "" ["WARNING"]=> string(0) "" ["_XMLNS_FAMILIAR"]=> array(22) { ["http://www.w3.org/2005/Atom"]=> string(4) "atom" ["http://purl.org/atom/ns#"]=> string(4) "atom" ["http://purl.org/rss/1.0/"]=> string(3) "rss" ["http://backend.userland.com/RSS2"]=> string(3) "rss" ["http://www.w3.org/1999/02/22-rdf-syntax-ns#"]=> string(3) "rdf" ["http://www.w3.org/1999/xhtml"]=> string(5) "xhtml" ["http://purl.org/dc/elements/1.1/"]=> string(2) "dc" ["http://purl.org/dc/terms/"]=> string(7) "dcterms" ["http://purl.org/rss/1.0/modules/content/"]=> string(7) "content" ["http://purl.org/rss/1.0/modules/syndication/"]=> string(2) "sy" ["http://purl.org/rss/1.0/modules/taxonomy/"]=> string(4) "taxo" ["http://purl.org/rss/1.0/modules/dc/"]=> string(2) "dc" ["http://wellformedweb.org/CommentAPI/"]=> string(3) "wfw" ["http://webns.net/mvcb/"]=> string(5) "admin" ["http://purl.org/rss/1.0/modules/annotate/"]=> string(8) "annotate" ["http://xmlns.com/foaf/0.1/"]=> string(4) "foaf" ["http://madskills.com/public/xml/rss/module/trackback/"]=> string(9) "trackback" ["http://web.resource.org/cc/"]=> string(2) "cc" ["http://search.yahoo.com/mrss"]=> string(5) "media" ["http://search.yahoo.com/mrss/"]=> string(5) "media" ["http://video.search.yahoo.com/mrss"]=> string(5) "media" ["http://video.search.yahoo.com/mrss/"]=> string(5) "media" } ["_XMLBASE_RESOLVE"]=> array(2) { ["atom"]=> array(14) { ["link"]=> array(1) { ["href"]=> bool(true) } ["content"]=> array(3) { ["src"]=> bool(true) ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["summary"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["title"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["rights"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["subtitle"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["info"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["tagline"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["copyright"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["generator"]=> array(2) { ["uri"]=> bool(true) ["url"]=> bool(true) } ["uri"]=> array(1) { ["*content"]=> bool(true) } ["url"]=> array(1) { ["*content"]=> bool(true) } ["icon"]=> array(1) { ["*content"]=> bool(true) } ["logo"]=> array(1) { ["*content"]=> bool(true) } } ["xhtml"]=> array(17) { ["a"]=> array(1) { ["href"]=> bool(true) } ["applet"]=> array(1) { ["codebase"]=> bool(true) } ["area"]=> array(1) { ["href"]=> bool(true) } ["blockquote"]=> array(1) { ["cite"]=> bool(true) } ["body"]=> array(1) { ["background"]=> bool(true) } ["del"]=> array(1) { ["cite"]=> bool(true) } ["form"]=> array(1) { ["action"]=> bool(true) } ["frame"]=> array(2) { ["longdesc"]=> bool(true) ["src"]=> bool(true) } ["iframe"]=> array(3) { ["longdesc"]=> bool(true) ["iframe"]=> bool(true) ["src"]=> bool(true) } ["head"]=> array(1) { ["profile"]=> bool(true) } ["img"]=> array(3) { ["longdesc"]=> bool(true) ["src"]=> bool(true) ["usemap"]=> bool(true) } ["input"]=> array(2) { ["src"]=> bool(true) ["usemap"]=> bool(true) } ["ins"]=> array(1) { ["cite"]=> bool(true) } ["link"]=> array(1) { ["href"]=> bool(true) } ["object"]=> array(4) { ["classid"]=> bool(true) ["codebase"]=> bool(true) ["data"]=> bool(true) ["usemap"]=> bool(true) } ["q"]=> array(1) { ["cite"]=> bool(true) } ["script"]=> array(1) { ["src"]=> bool(true) } } } ["_ATOM_CONTENT_CONSTRUCTS"]=> array(8) { [0]=> string(7) "content" [1]=> string(7) "summary" [2]=> string(5) "title" [3]=> string(4) "info" [4]=> string(7) "tagline" [5]=> string(9) "copyright" [6]=> string(6) "rights" [7]=> string(8) "subtitle" } ["_XHTML_CONTENT_CONSTRUCTS"]=> array(2) { [0]=> string(4) "body" [1]=> string(3) "div" } ["_KNOWN_ENCODINGS"]=> array(3) { [0]=> string(5) "UTF-8" [1]=> string(8) "US-ASCII" [2]=> string(10) "ISO-8859-1" } ["stack"]=> array(4) { ["element"]=> array(0) { } ["ns"]=> array(0) { } ["xmlns"]=> array(0) { } ["xml:base"]=> array(1) { [0]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" } } ["inchannel"]=> bool(false) ["initem"]=> bool(false) ["incontent"]=> array(0) { } ["xml_escape"]=> bool(false) ["exclude_top"]=> bool(false) ["intextinput"]=> bool(false) ["inimage"]=> bool(false) ["root_namespaces"]=> array(1) { [0]=> string(3) "rss" } ["current_namespace"]=> string(0) "" ["working_namespace_table"]=> array(0) { } ["current_category"]=> int(0) ["http_status"]=> int(200) ["header"]=> array(7) { ["date"]=> string(29) "Sat, 04 Feb 2012 04:18:45 GMT" ["server"]=> string(22) "Apache/2.2.14 (Ubuntu)" ["x-powered-by"]=> string(21) "PHP/5.3.2-1ubuntu4.10" ["x-robots-tag"]=> string(17) "noindex, nofollow" ["expires"]=> string(29) "Sat, 04 Feb 2012 04:38:45 GMT" ["connection"]=> string(5) "close" ["content-type"]=> string(23) "text/xml; charset=UTF-8" } } } ["feed"]=> object(MagpieRSS)#205 (31) { ["parser"]=> resource(98) of type (Unknown) ["current_item"]=> array(0) { } ["items"]=> array(3) { [0]=> array(16) { ["title#"]=> int(1) ["title"]=> string(54) "Sunshine Oilsands postpones Hong Kong $700 mln IPO-WSJ" ["link#"]=> int(1) ["link"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(148) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 02:33:52 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328322832) } [1]=> array(16) { ["title#"]=> int(1) ["title"]=> string(56) "UPDATE 2-Colombia cenbank restarts dollar buying program" ["link#"]=> int(1) ["link"]=> string(140) "http://uk.reuters.com/article/2012/02/04/colombia-cenbank-idUKL2E8D3H4220120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(144) "http://uk.reuters.com/article/2012/02/04/colombia-cenbank-idUKL2E8D3H4220120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(7447) "
* Central bank raised rate to 5 percent
* Investors seeking higher yields outside developed economies (Adds detail on government measures)
By Helen Murphy and Jack Kimball
BOGOTA, Feb 3 (Reuters) - Colombia's central bank on Friday re-established buying at least $20 million daily for at least three straight months to help stem gains in the currency amid pressure from exporters.
Emerging market nations such as Colombia have faced a flood of cheap money in recent months as near-zero interest rates in developed markets prompt investors to seek higher yields, pushing up their currencies and strengthening their economies.
The peso has firmed almost 7 percent this year, making it one of the best performing currencies among the world's 36 most-traded, partly thanks to strong foreign direct investment inflows.
The dollar purchase program, which previously ran through September 2011, would re-start on Monday, the bank said in a statement.
Policy makers on Monday raised the benchmark lending rate a quarter point to 5 percent to slow inflation and cool bank lending, bringing complaints from exporters of flowers and bananas that the move would attract additional capital, boost the peso and damage their business.
"The rate hike is an invitation for speculative capital to come to the country in higher volumes, sharpening the revaluation process," the flower and banana growers industries said in a joint statement on Wednesday.
"Most worrying is that the measure to hike the interest rate has not even come accompanied by some exchange rate intervention given the space that exists to increase reserves."
Banana and flower exporters are among the biggest employers of rural Colombians and lead a lobby of exporters that have been the most vocal seeking a weaker currency after as many as 20,000 jobs in the flower industry have been lost in the last four years which they blame on the strong peso.
In a bid to stem the peso's rise, the government said on Monday it would not bring in dollars for financing in 2012 and would keep $1 billion in dividends from state oil company Ecopetrol, and another $1.2 billion in royalties, abroad.
The government has also said it would avoid imposing capital controls to prevent pressure on the currency and instead aim for long-term measures and micro-structural reforms.
Colombia has in the past used tools like lowering taxes to boost business competitiveness. Back in 2007 it established unpopular capital controls to deter speculative capital entering the market. They have since been lifted.
Almost $15 billion in foreign direct investment flowed into the Andean nation last year, mostly in the oil and mining sectors, as military blows against drug-funded insurgent groups made doing business easier and safer.
The bank's dollar purchases may head off further gains in the peso following the U.S. Federal Reserve's pledge last week to keep the benchmark U.S. rate low through 2014, sending investors to seek higher returns in countries like Colombia. (Reporting By Jack Kimball; Editing by Leslie Adler, Andrew Hay and Carol Bishopric)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 02:13:01 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(140) "http://uk.reuters.com/article/2012/02/04/colombia-cenbank-idUKL2E8D3H4220120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(7447) "
* Central bank raised rate to 5 percent
* Investors seeking higher yields outside developed economies (Adds detail on government measures)
By Helen Murphy and Jack Kimball
BOGOTA, Feb 3 (Reuters) - Colombia's central bank on Friday re-established buying at least $20 million daily for at least three straight months to help stem gains in the currency amid pressure from exporters.
Emerging market nations such as Colombia have faced a flood of cheap money in recent months as near-zero interest rates in developed markets prompt investors to seek higher yields, pushing up their currencies and strengthening their economies.
The peso has firmed almost 7 percent this year, making it one of the best performing currencies among the world's 36 most-traded, partly thanks to strong foreign direct investment inflows.
The dollar purchase program, which previously ran through September 2011, would re-start on Monday, the bank said in a statement.
Policy makers on Monday raised the benchmark lending rate a quarter point to 5 percent to slow inflation and cool bank lending, bringing complaints from exporters of flowers and bananas that the move would attract additional capital, boost the peso and damage their business.
"The rate hike is an invitation for speculative capital to come to the country in higher volumes, sharpening the revaluation process," the flower and banana growers industries said in a joint statement on Wednesday.
"Most worrying is that the measure to hike the interest rate has not even come accompanied by some exchange rate intervention given the space that exists to increase reserves."
Banana and flower exporters are among the biggest employers of rural Colombians and lead a lobby of exporters that have been the most vocal seeking a weaker currency after as many as 20,000 jobs in the flower industry have been lost in the last four years which they blame on the strong peso.
In a bid to stem the peso's rise, the government said on Monday it would not bring in dollars for financing in 2012 and would keep $1 billion in dividends from state oil company Ecopetrol, and another $1.2 billion in royalties, abroad.
The government has also said it would avoid imposing capital controls to prevent pressure on the currency and instead aim for long-term measures and micro-structural reforms.
Colombia has in the past used tools like lowering taxes to boost business competitiveness. Back in 2007 it established unpopular capital controls to deter speculative capital entering the market. They have since been lifted.
Almost $15 billion in foreign direct investment flowed into the Andean nation last year, mostly in the oil and mining sectors, as military blows against drug-funded insurgent groups made doing business easier and safer.
The bank's dollar purchases may head off further gains in the peso following the U.S. Federal Reserve's pledge last week to keep the benchmark U.S. rate low through 2014, sending investors to seek higher returns in countries like Colombia. (Reporting By Jack Kimball; Editing by Leslie Adler, Andrew Hay and Carol Bishopric)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328321581) } [2]=> array(16) { ["title#"]=> int(1) ["title"]=> string(53) "Obama nominates Baer to head DOJ's top antitrust post" ["link#"]=> int(1) ["link"]=> string(138) "http://uk.reuters.com/article/2012/02/04/antitrust-baer-idUKL2E8D40JS20120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["guid#"]=> int(1) ["guid@"]=> string(11) "ispermalink" ["guid@ispermalink"]=> string(4) "true" ["guid"]=> string(142) "http://uk.reuters.com/article/2012/02/04/antitrust-baer-idUKL2E8D40JS20120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["description#"]=> int(1) ["description"]=> string(5816) "
* Baer's nomination to antitrust division widely expected
* Baer heads antitrust practice group at Arnold & Porter
* Baer would replace Sharis Pozen at DOJ's antitrust unit
By Sarah N. Lynch
WASHINGTON, Feb 3 (Reuters) - William Baer, an attorney with the law firm Arnold and Porter LLP, was nominated by President Barack Obama on Friday to head the Justice Department's antitrust division.
Baer, who is the chair of Arnold and Porter's Antitrust Practice Group, also previously headed the Federal Trade Commission's competition division when it stopped a merger between Staples and Office Depot in 1997.
He will replace Sharis Pozen, the acting assistant attorney general for antitrust, who plans to step down at the end of April. Pozen succeeded Christine Varney, who left last August.
Baer's nomination, which was widely expected, still must be confirmed by the U.S. Senate.
The antitrust division of the Justice Department reviews mergers to make sure they comply with antitrust laws, and it also prosecutes price-fixing.
Last year, the division successfully opposed AT&T Inc's $39 billion deal to acquire wireless rival T-Mobile USA , and in May it threatened to sue if NASDAQ OMX Group and IntercontinentalExchange Inc proceeded with a bid for NYSE Euronext.
Baer is seen as someone who would continue the present policies of the Justice Department's antitrust office.
The division's key outstanding cases include the purchase of Nortel's patent assets by a consortium led by Apple, and Google's purchase of Motorola Mobility. It also has a number of criminal price-fixing probes.
(Reporting By Sarah N. Lynch and Diane Bartz; Editing by Gary Hill)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["pubdate#"]=> int(1) ["pubdate"]=> string(31) "Sat, 04 Feb 2012 01:21:49 +0000" ["dc"]=> array(2) { ["identifier#"]=> int(1) ["identifier"]=> string(138) "http://uk.reuters.com/article/2012/02/04/antitrust-baer-idUKL2E8D40JS20120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" } ["summary#"]=> int(1) ["summary"]=> string(5816) "
* Baer's nomination to antitrust division widely expected
* Baer heads antitrust practice group at Arnold & Porter
* Baer would replace Sharis Pozen at DOJ's antitrust unit
By Sarah N. Lynch
WASHINGTON, Feb 3 (Reuters) - William Baer, an attorney with the law firm Arnold and Porter LLP, was nominated by President Barack Obama on Friday to head the Justice Department's antitrust division.
Baer, who is the chair of Arnold and Porter's Antitrust Practice Group, also previously headed the Federal Trade Commission's competition division when it stopped a merger between Staples and Office Depot in 1997.
He will replace Sharis Pozen, the acting assistant attorney general for antitrust, who plans to step down at the end of April. Pozen succeeded Christine Varney, who left last August.
Baer's nomination, which was widely expected, still must be confirmed by the U.S. Senate.
The antitrust division of the Justice Department reviews mergers to make sure they comply with antitrust laws, and it also prosecutes price-fixing.
Last year, the division successfully opposed AT&T Inc's $39 billion deal to acquire wireless rival T-Mobile USA , and in May it threatened to sue if NASDAQ OMX Group and IntercontinentalExchange Inc proceeded with a bid for NYSE Euronext.
Baer is seen as someone who would continue the present policies of the Justice Department's antitrust office.
The division's key outstanding cases include the purchase of Nortel's patent assets by a consortium led by Apple, and Google's purchase of Motorola Mobility. It also has a number of criminal price-fixing probes.
(Reporting By Sarah N. Lynch and Diane Bartz; Editing by Gary Hill)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["date_timestamp"]=> int(1328318509) } } ["channel"]=> array(12) { ["title#"]=> int(1) ["title"]=> string(43) "Reuters: Financial Services and Real Estate" ["link#"]=> int(1) ["link"]=> string(21) "http://uk.reuters.com" ["description#"]=> int(1) ["description"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["tagline#"]=> int(1) ["tagline"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["subtitle#"]=> int(1) ["subtitle"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["logo#"]=> int(1) ["logo"]=> string(56) "http://uk.reuters.com/resources_v2/images/reuters125.png" } ["textinput"]=> array(0) { } ["image"]=> array(6) { ["title#"]=> int(1) ["title"]=> string(43) "Reuters: Financial Services and Real Estate" ["link#"]=> int(1) ["link"]=> string(21) "http://uk.reuters.com" ["url#"]=> int(1) ["url"]=> string(56) "http://uk.reuters.com/resources_v2/images/reuters125.png" } ["feed_type"]=> string(3) "RSS" ["feed_version"]=> string(3) "2.0" ["encoding"]=> string(5) "UTF-8" ["_source_encoding"]=> string(0) "" ["ERROR"]=> string(0) "" ["WARNING"]=> string(0) "" ["_XMLNS_FAMILIAR"]=> array(22) { ["http://www.w3.org/2005/Atom"]=> string(4) "atom" ["http://purl.org/atom/ns#"]=> string(4) "atom" ["http://purl.org/rss/1.0/"]=> string(3) "rss" ["http://backend.userland.com/RSS2"]=> string(3) "rss" ["http://www.w3.org/1999/02/22-rdf-syntax-ns#"]=> string(3) "rdf" ["http://www.w3.org/1999/xhtml"]=> string(5) "xhtml" ["http://purl.org/dc/elements/1.1/"]=> string(2) "dc" ["http://purl.org/dc/terms/"]=> string(7) "dcterms" ["http://purl.org/rss/1.0/modules/content/"]=> string(7) "content" ["http://purl.org/rss/1.0/modules/syndication/"]=> string(2) "sy" ["http://purl.org/rss/1.0/modules/taxonomy/"]=> string(4) "taxo" ["http://purl.org/rss/1.0/modules/dc/"]=> string(2) "dc" ["http://wellformedweb.org/CommentAPI/"]=> string(3) "wfw" ["http://webns.net/mvcb/"]=> string(5) "admin" ["http://purl.org/rss/1.0/modules/annotate/"]=> string(8) "annotate" ["http://xmlns.com/foaf/0.1/"]=> string(4) "foaf" ["http://madskills.com/public/xml/rss/module/trackback/"]=> string(9) "trackback" ["http://web.resource.org/cc/"]=> string(2) "cc" ["http://search.yahoo.com/mrss"]=> string(5) "media" ["http://search.yahoo.com/mrss/"]=> string(5) "media" ["http://video.search.yahoo.com/mrss"]=> string(5) "media" ["http://video.search.yahoo.com/mrss/"]=> string(5) "media" } ["_XMLBASE_RESOLVE"]=> array(2) { ["atom"]=> array(14) { ["link"]=> array(1) { ["href"]=> bool(true) } ["content"]=> array(3) { ["src"]=> bool(true) ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["summary"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["title"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["rights"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["subtitle"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["info"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["tagline"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["copyright"]=> array(2) { ["*xml"]=> bool(true) ["*html"]=> bool(true) } ["generator"]=> array(2) { ["uri"]=> bool(true) ["url"]=> bool(true) } ["uri"]=> array(1) { ["*content"]=> bool(true) } ["url"]=> array(1) { ["*content"]=> bool(true) } ["icon"]=> array(1) { ["*content"]=> bool(true) } ["logo"]=> array(1) { ["*content"]=> bool(true) } } ["xhtml"]=> array(17) { ["a"]=> array(1) { ["href"]=> bool(true) } ["applet"]=> array(1) { ["codebase"]=> bool(true) } ["area"]=> array(1) { ["href"]=> bool(true) } ["blockquote"]=> array(1) { ["cite"]=> bool(true) } ["body"]=> array(1) { ["background"]=> bool(true) } ["del"]=> array(1) { ["cite"]=> bool(true) } ["form"]=> array(1) { ["action"]=> bool(true) } ["frame"]=> array(2) { ["longdesc"]=> bool(true) ["src"]=> bool(true) } ["iframe"]=> array(3) { ["longdesc"]=> bool(true) ["iframe"]=> bool(true) ["src"]=> bool(true) } ["head"]=> array(1) { ["profile"]=> bool(true) } ["img"]=> array(3) { ["longdesc"]=> bool(true) ["src"]=> bool(true) ["usemap"]=> bool(true) } ["input"]=> array(2) { ["src"]=> bool(true) ["usemap"]=> bool(true) } ["ins"]=> array(1) { ["cite"]=> bool(true) } ["link"]=> array(1) { ["href"]=> bool(true) } ["object"]=> array(4) { ["classid"]=> bool(true) ["codebase"]=> bool(true) ["data"]=> bool(true) ["usemap"]=> bool(true) } ["q"]=> array(1) { ["cite"]=> bool(true) } ["script"]=> array(1) { ["src"]=> bool(true) } } } ["_ATOM_CONTENT_CONSTRUCTS"]=> array(8) { [0]=> string(7) "content" [1]=> string(7) "summary" [2]=> string(5) "title" [3]=> string(4) "info" [4]=> string(7) "tagline" [5]=> string(9) "copyright" [6]=> string(6) "rights" [7]=> string(8) "subtitle" } ["_XHTML_CONTENT_CONSTRUCTS"]=> array(2) { [0]=> string(4) "body" [1]=> string(3) "div" } ["_KNOWN_ENCODINGS"]=> array(3) { [0]=> string(5) "UTF-8" [1]=> string(8) "US-ASCII" [2]=> string(10) "ISO-8859-1" } ["stack"]=> array(4) { ["element"]=> array(0) { } ["ns"]=> array(0) { } ["xmlns"]=> array(0) { } ["xml:base"]=> array(1) { [0]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" } } ["inchannel"]=> bool(false) ["initem"]=> bool(false) ["incontent"]=> array(0) { } ["xml_escape"]=> bool(false) ["exclude_top"]=> bool(false) ["intextinput"]=> bool(false) ["inimage"]=> bool(false) ["root_namespaces"]=> array(1) { [0]=> string(3) "rss" } ["current_namespace"]=> string(0) "" ["working_namespace_table"]=> array(0) { } ["current_category"]=> int(0) ["http_status"]=> int(200) ["header"]=> array(7) { ["date"]=> string(29) "Sat, 04 Feb 2012 04:18:45 GMT" ["server"]=> string(22) "Apache/2.2.14 (Ubuntu)" ["x-powered-by"]=> string(21) "PHP/5.3.2-1ubuntu4.10" ["x-robots-tag"]=> string(17) "noindex, nofollow" ["expires"]=> string(29) "Sat, 04 Feb 2012 04:38:45 GMT" ["connection"]=> string(5) "close" ["content-type"]=> string(23) "text/xml; charset=UTF-8" } } ["feedmeta"]=> array(22) { ["feed/title#"]=> int(1) ["feed/title"]=> string(43) "Reuters: Financial Services and Real Estate" ["feed/link#"]=> int(1) ["feed/link"]=> string(21) "http://uk.reuters.com" ["feed/description#"]=> int(1) ["feed/description"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["feed/tagline#"]=> int(1) ["feed/tagline"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["feed/subtitle#"]=> int(1) ["feed/subtitle"]=> string(293) "Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals." ["feed/logo#"]=> int(1) ["feed/logo"]=> string(56) "http://uk.reuters.com/resources_v2/images/reuters125.png" ["feed/id"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["update/last"]=> int(1328329129) ["update/ttl"]=> int(68) ["update/timed"]=> string(13) "automatically" ["update/hold"]=> string(9) "scheduled" ["update/unfinished"]=> string(3) "yes" ["update/processed"]=> string(408) "http://uk.reuters.com/article/2011/04/29/citic-results-idUKB9E7FB01620110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews http://uk.reuters.com/article/2011/04/29/idUKWLA923420110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews http://uk.reuters.com/article/2011/04/29/india-stocks-idUKL3E7FT1CC20110429?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["link/uri"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["link/name"]=> string(43) "Reuters: Financial Services and Real Estate" ["link/id"]=> string(2) "16" } ["post"]=> array(16) { ["post_title"]=> string(54) "Sunshine Oilsands postpones Hong Kong $700 mln IPO-WSJ" ["post_content"]=> string(4952) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["post_excerpt"]=> string(4982) "HONG KONG |
HONG KONG Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong that was expected to be the biggest new listing in Asia this year, a report said on Saturday.
The oilsands firm, which is backed by Chinese investors including insurer China Life Insurance (Group), was due to start taking orders on Monday, but has postponed its roadshow indefinitely, the Wall Street Journal said, citing two people familiar with the deal.
The IPO was set to consist of all new shares, representing 25 percent of the company's expanded capital, one source with direct knowledge of the plans told Reuters on Jan 31. [ID: L4E8CV2IX]
Six companies have gone public in Hong Kong since the beginning of the year, with small-sized deals that raised a combined HK$1.4 billion ($180.5 million). (Reporting by Farah Master)
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
" ["epoch"]=> array(3) { ["issued"]=> int(1328322832) ["created"]=> NULL ["modified"]=> int(1328322832) } ["post_date"]=> string(19) "2012-02-04 03:33:52" ["post_modified"]=> string(19) "2012-02-04 03:33:52" ["post_date_gmt"]=> string(19) "2012-02-04 02:33:52" ["post_modified_gmt"]=> string(19) "2012-02-04 02:33:52" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["guid"]=> string(148) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["meta"]=> array(6) { ["syndication_source"]=> string(43) "Reuters: Financial Services and Real Estate" ["syndication_source_uri"]=> string(21) "http://uk.reuters.com" ["syndication_feed"]=> string(170) "http://fivefilters.org/content-only/makefulltextfeed.php?url=http%3A%2F%2Fmf.feeds.reuters.com%2Freuters%2FUKBankingFinancial&key=&max=5&submit=Create+Feed" ["syndication_feed_id"]=> string(2) "16" ["syndication_permalink"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["syndication_item_hash"]=> string(32) "90ba04221c04430aa1d3b73fefa8895e" } ["tags_input"]=> array(0) { } ["post_author"]=> string(1) "8" ["post_category"]=> array(1) { [0]=> int(1) } } ["_freshness"]=> int(2) ["_wp_id"]=> int(0) ["uri_attrs"]=> array(25) { [0]=> array(2) { [0]=> string(1) "a" [1]=> string(4) "href" } [1]=> array(2) { [0]=> string(6) "applet" [1]=> string(8) "codebase" } [2]=> array(2) { [0]=> string(4) "area" [1]=> string(4) "href" } [3]=> array(2) { [0]=> string(10) "blockquote" [1]=> string(4) "cite" } [4]=> array(2) { [0]=> string(4) "body" [1]=> string(10) "background" } [5]=> array(2) { [0]=> string(3) "del" [1]=> string(4) "cite" } [6]=> array(2) { [0]=> string(4) "form" [1]=> string(6) "action" } [7]=> array(2) { [0]=> string(5) "frame" [1]=> string(8) "longdesc" } [8]=> array(2) { [0]=> string(5) "frame" [1]=> string(3) "src" } [9]=> array(2) { [0]=> string(6) "iframe" [1]=> string(8) "longdesc" } [10]=> array(2) { [0]=> string(6) "iframe" [1]=> string(3) "src" } [11]=> array(2) { [0]=> string(4) "head" [1]=> string(7) "profile" } [12]=> array(2) { [0]=> string(3) "img" [1]=> string(8) "longdesc" } [13]=> array(2) { [0]=> string(3) "img" [1]=> string(3) "src" } [14]=> array(2) { [0]=> string(3) "img" [1]=> string(6) "usemap" } [15]=> array(2) { [0]=> string(5) "input" [1]=> string(3) "src" } [16]=> array(2) { [0]=> string(5) "input" [1]=> string(6) "usemap" } [17]=> array(2) { [0]=> string(3) "ins" [1]=> string(4) "cite" } [18]=> array(2) { [0]=> string(4) "link" [1]=> string(4) "href" } [19]=> array(2) { [0]=> string(6) "object" [1]=> string(7) "classid" } [20]=> array(2) { [0]=> string(6) "object" [1]=> string(8) "codebase" } [21]=> array(2) { [0]=> string(6) "object" [1]=> string(4) "data" } [22]=> array(2) { [0]=> string(6) "object" [1]=> string(6) "usemap" } [23]=> array(2) { [0]=> string(1) "q" [1]=> string(4) "cite" } [24]=> array(2) { [0]=> string(6) "script" [1]=> string(3) "src" } } ["_base"]=> string(144) "http://uk.reuters.com/article/2012/02/04/sunshineoilsands-ipo-idUKL4E8D401420120204?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews" ["strip_attrs"]=> array(1) { [0]=> array(2) { [0]=> string(6) "[a-z]+" [1]=> string(6) "target" } } ["wp_filter_id"]=> int(0) } }