CANADA STOCKS-TSX may open higher on positive euro zone data
Feb 5 (Reuters) - Canada's main stock index looked set to open higher, in line with its European and U.S. counterparts, after better-than-expected euro zone data confirmed the region's economy showed clear signs of recovery.
* The euro zone's battered economy is probably recovering but the gulf between its two biggest members is widening, according to a survey that showed business optimism in the bloc at an eight-month high.
* BP announced quarterly profit down a fifth from a year ago, after it sold assets in preparation for what could be its biggest oil spill payout when the case comes to trial later this month.
* TransCanada Corp : Alberta could offer new environmental initiatives for oil sands development to show the Obama administration that approving a $5.3 billion pipeline to U.S. Gulf Coast refineries will not increase pollution, the Canadian province's new envoy in Washington said on Monday.
* John Malone's Liberty Global has opened talks with Britain's Virgin Media over a takeover that would increase the U.S. cable group's dominance in Europe and step up a challenge to media mogul Rupert Murdoch.
* Barclays bosses ducked questions over funding for its rescue by Qatar four years ago, as another big charge for mis-selling showed how past problems continue to dog the British bank.
* UBS reported faster than expected progress in overhauling its investment bank but its flagship wealth management unit performed disappointingly, weighed down in Europe where Switzerland is under fire for helping tax cheats.
MARKET SNAPSHOT Continued...