CANADA STOCKS-TSX may open lower, mining shares in focus

Wed Aug 22, 2012 8:17am EDT
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Aug 22 (Reuters) - Canada's benchmark stock index, dominated by resource shares, looked set to open lower on Wednesday after BHP Billiton Ltd delayed a $20 billion copper-mine expansion as the global outlook for demand grows more uncertain.


* Japan's exports slumped the most in six months in July as shipments to Europe and China tumbled, adding to concerns over global demand after a string of dire trade figures from Asia's export engines.

* Top global miner BHP Billiton delayed its planned $20 billion Olympic Dam copper expansion on Wednesday and said no major projects would be approved in the year to June 2013, as it battles escalating capital costs.

* Germany easily sold 4 billion euro of new interest-free two-year bonds on Wednesday, with investors edgy about European Central Bank plans to curb the debt crisis, though demand was below this year's average.

* Greek Prime Minister Antonis Samaras starts a European charm offensive with talks to persuade euro zone chief Jean-Claude Juncker that the debt-laden nation has the will to ram through unpopular reforms and deserves more time to do it.

* U.S. authorities are investigating Royal Bank of Scotland over possible breaches of sanctions on Iran, as part of a crackdown in which Standard Chartered has already agreed to pay a heavy fine for transactions involving Tehran.


* Canada stock futures traded down 0.3 percent   Continued...