 | Euro, world shares tumble
over Spain bailout fears THE euro hit its lowest level in
over two years and world shares
fell sharply on Monday after
reports that Spain´s indebted
regions needed help fuelled
fears that the country will
become the fourth eurozone
member to ask for a major
bailout.
US stocks were poised to join...
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| | Qatar Holding
adds to Xstrata
stake in a
weak market |
 QATAR Holding, the secondlargest
shareholder in
takeover target Xstrata, has
added to its stake in the
miner, in its first purchase
since it made an unexpected
demand for better terms from
suitor Glencore last month.
Qatar spent just under 5
million pounds ($7.8 million)
to buy an extra 590,390
shares on Friday at 8.47
pounds each, according to a
regulatory filing on Monday,
taking its stake to 10.997 percent
of the miner and building
what is already the largest
holding after commodities
trader Glencore´s 34 percent.
Xstrata shares were trading
at 8.18 pounds on Monday at
0915 GMT, down 2.7 percent,
marginally above a 3.2 percent
drop in the broader UK
mining sector, as fresh concerns
over Europe weighed
on the market ... | | | China´s CNOOC eyes Nexen
of Canada for $15.1 billion |  STATE oil company CNOOC
plans to buy Canadian rival
Nexen for $15.1 billion, a deal
which if successful would be
China´s biggest foreign corporate
takeover and a test of
Ottawa´s tolerance of outside
interest in its resources.
Offshore producer CNOOC
said it would pay $27.50 cash
per share, a 61 percent premium
to Nexen´s closing price in
New York on Friday.
The move is the most ambitious
foray by resource-hungry
China into North
American energy since a
2005 attempt to buy USbased
Unocal for $18.5 billion
was thwarted by a political
backlash there.
CNOOC has only nine years
worth of reserves based on its
current production — one of
the lowest ratios among
major oil companies worldwide
— and said the deal... | | | McDonald´s
Q2 profit falls,
sales slow down |  MCDONALD´S reported
lower-than-expected quarterly
profit on Monday,
hurt by a slowing global
economy and the impact of
a stronger dollar, and said
sales growth at established
restaurants would slow this
month.
Shares in the world´s
largest fast-food chain
operator fell 2.1 percent to
$89.65 in premarket
trading.
The results come just
days after Chipotle
Mexican Grill Inc surprised
investors by saying the
sluggish US economy had
cooled same-restaurant
sales growth, adding to
concerns about how much
consumers were cutting
back on discretionary
spending.
McDonald´s net income
fell to $1.35 billion, or $1.32
per share, during the second
quarter, from $1.41 billion,
or $1.35 per share, a
year earlier. The impact ... | |
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