Harper Says Canada Approves Nexen, Progress Bids

Dec. 7 (Bloomberg) -- Canadian Prime Minister Stephen Harper speaks at a news conference in Ottawa about the government's approval of Cnooc Ltd.’s $15.1 billion takeover of Nexen Inc. and Petroliam Nasional Bhd.’s C$5.2 billion ($5.2 billion) takeover of Progress Energy Resources Corp. Harper said the two transactions are the end of a "trend" and the country will no longer allow state-owned companies to take over businesses in the nation’s oil sands, and will toughen requirements in other industries. (English and French. Source: Bloomberg)

China's Silicon Valley
07:30 - Thirty years ago, Shenzhen was just a sleepy fishing village. But now the southern Chinese city bordering Hong Kong has become a metropolis with 11 million people. It is home to some of China's most successful tech companies and numerous start-ups and tech accelerators. (Video by Robin Fall, Vicky Feng) (Source: Bloomberg)
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