CANADA STOCKS-TSX may open higher; Iran deal eases geopolitical tensions

Mon Nov 25, 2013 8:22am EST
 
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Nov 25 (Reuters) - Canada's main stock index pointed to a higher open on Monday after a nuclear deal between Iran and six world powers over the weekend eased worries about geopolitical tensions.

TOP STORIES

* President Barack Obama has pulled off a historic deal with Iran on curbing its nuclear program but he and other global leaders now have tough work ahead turning an interim accord into a comprehensive agreement.

* Tomkins Plc is exploring a sale that could value the private equity-owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.

* Chinese online game developer Giant Interactive Group Inc said it received a non-binding proposal from its chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia to take the company private for $11.75 per American Depositary Share.

* Time Warner Inc moved another step closer to spinning off its magazine assets as Time Inc, the publisher of People, Fortune and the eponymous newsweekly Time, filed with regulators on Friday to list itself as a standalone company.

MARKET SNAPSHOT

* Canada stock futures traded up 0.23 percent   Continued...