CANADA STOCKS-TSX may open lower, focus on Greek bailout talks

Mon Nov 26, 2012 8:25am EST
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November 26 (Reuters) - Canadian stocks looked set to open lower on Monday, tracking U.S. and European counterparts, with investors wary ahead of a meeting by euro zone finance ministers on debt-burdened Greece and U.S. negotiations over the "fiscal cliff" that could derail the world's biggest economy.


* Euro zone finance ministers and the International Monetary Fund will seek to unfreeze the second bailout package for Greece on Monday, but they first need to agree if some of the official loans to Athens might eventually be forgiven to cut Greek debt.

* Canadian private equity company Onex Corp said it will buy USI, a U.S. provider of insurance brokerage services, from GS Capital Partners for $2.3 billion.

* U.S. lawmakers have made little progress in the past 10 days toward a compromise to avoid the harsh tax increases and government spending cuts scheduled for Jan. 1, a senior Democratic senator said on Sunday.

* UBS was fined 30 million pounds by Britain's financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3 billion. [ID: nL5E8MQ0J6]

* U.S. shoppers went to stores earlier this Thanksgiving weekend and bought online more than in years past, giving retailers like Wal-Mart Stores Inc and Macy's Inc a strong start to the holiday shopping season, data showed on Sunday.

* The U.S.-Israeli consortium including Noble Energy, Isramco Negev, Avner Oil Exploration and Delek Drillion, developing the Tamar natural gas field off Israel's Mediterranean coast said it had signed gas supply deals worth about $4 billion with units of conglomerate Israel Corp.   Continued...