Monthly Archives: September 2012

Canada Names Climate Negotiator Saint-Jacques Ambassador to China

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Guy Saint-Jacques, a career diplomat fluent in Mandarin, will represent Canada in Beijing, Canadian Foreign Affairs Minister John Baird announced here on Wednesday.

Saint-Jacques recently served as chief negotiator and ambassador for climate change at Environment Canada and will succeed David Mulroney, who served as Canada’s ambassador to the People’s Republic of China since 2009 and is credited with deepening the Sino-Canadian relationship.

Mulroney’s successor wasted no time in signaling that he intends to keep economic ties tight between the two countries at a time when the Canadian government is considering whether or not to approve the proposed 15.1-billion U.S. dollar takeover bid by China’s CNOOC Ltd. of Canadian oil-and-gas producer, Nexen Inc.

To read the full story please click here. 

 

Weighting the Benefits of CNOOC’s Potential Purchase of Nexen

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The attempt by the Chinese National Offshore Oil Corp. (CNOOC) to purchase Nexen Inc. has many attractive features. CNOOC already has a Calgary office and a track record of managing almost $3-billion worth of Canadian energy assets. Although the Chinese government is the majority owner, CNOOC stock is listed in Hong Kong and New York, and the company has independent directors as well as those representing the Chinese government.

This friendly bid, incorporating a hefty premium on the stock price, has been approved by both the directors and shareholders of Nexen. CNOOC is promising to retain Nexen’s staff, as well as the Calgary head office, and to start listing its shares on the Toronto Stock Exchange.

Ominously, political opposition seems to be growing. Some critics are fearful of China’s sometimes troubling role in world politics.

To read the full article please click here.

RBC Investor Services launches global derivatives platform

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RBC Investor Services has launched a global derivatives platform for over the counter derivatives, based on a fully integrated operating model for listed and OTC derivatives.

The platform wil deliver middle and back-office services for a wide range of global clients. 

“RBC Investor Services’ global clients are increasing their investments in listed and OTC derivatives using a convergence of traditional and alternative investment strategies,” RBC IS said in a statement.

To read the full article please click here. 

The CanCham is Hiring: Receptionist/Office Admin Assistant

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Receptionist/Office Admin Assistant:

The Receptionist/Office Assistant is the first link to the 1200 members of the Canadian Chamber of Commerce in Hong Kong. He or she communicates with a very diverse group of members and works within a small business office.

Responsibilities of the Position:
  •  Greeting guests and answering calls/email, plus handling incoming and outgoing mail
  • Assisting the Finance and Events Managers on a variety of tasks, including data entry, making appointments and special projects
  • Dealing with suppliers and organizing boardroom rentals: preparation of presentation material (in English)
  • Managing and organizing business and social appointments plus other schedules for the Executive Director
  • Taking minutes at both early morning and early evening Committee meetings, on a monthly basis
  • Maintaining petty cash records, organize filing systems
The Canadian Chamber of Commerce in Hong Kong

Requirements:

  • Preference for an undergraduate degree from an accredited university, and/or secretarial qualifications
  • Minimum of 2 years working experience
  • Native English and Chinese skills, including Cantonese: Mandarin or French skills would be additional assets
  • Experience in a CRM system, MS office and Google Apps
  • Detail-oriented with an ability to work independently
  • Excellent interpersonal and communication skills are important
This position is available immediately.

Please reply with your C.V. and a cover note by Friday, October 12, attn: Finance and Operations, email: execasst@cancham.org

 

Energy: Canada eyes Asian markets for B.C. natural gas exports

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Canada could some day export nine billion cubic feet per day of liquefied natural gas to Asia through five proposed plants on the West Coast, Natural Resources Minister Joe Oliver told a Japanese audience this week.

Those major energy projects come with little of the opposition from politicians and native groups that threaten the proposed Northern Gateway oilsands pipeline.

In a speech to the Liquefied Natural Gas Producer-Consumer Conference in Tokyo this week, Oliver trumpeted Canada’s status as a rising “global energy leader.”

“[Canada is] already the third-largest producer of natural gas in the world,” Oliver told an audience that included Japan’s Economy, Trade and Industry Minister Yukio Edano.

To read the full article please click here.