Hazel E Dodds

Thomson Reuters Corp. (TRI) said Monday it will set up a foreign exchange and money brokerage with GFI Group Inc. (GFIG), a global money broker, and SDIC Trust Co. Ltd.

China's CNOOC Ltd. (0883.HK) said Monday it has reached an agreement to acquire Canadian oil and gas producer Nexen Inc. (NXY) for $15.1 billion in cash.

Nexen Inc., the Calgary energy producer, definitively agreed to be acquired by Cnooc Ltd. for US$27.50 a share, or about US$15.1 billion.

Iraq has resumed crude-oil exports from Kirkuk oil fields at a lower rate, Middle East shipping agents said Monday, after an explosion that blew up part of the northern pipeline that carries crude to Turkey's Ceyhan port.

France's Competition Authority gave the green light Monday to French pay-TV giant Canal Plus for two takeovers, but applied restrictions to the deals that are aimed at loosening the Vivendi SA (VIV.PA) subsidiary's grip on the French television marketplace.

Citic Securities ended 7.3% lower in Hong Kong on Monday, as investors reacted to news of its intention to purchase CLSA Asia-Pacific Markets for $1.25 billion, in a deal that's reputed to be the first major acquisition of a mainland Chinese brokerage of a foreign competitor.

Italian stocks were poised to close at the lowest level on record on Monday, as investors heavily sold off European equities amid concerns over Greece's future in the euro zone and Spain's debt problems.

Banco Bradesco S.A. (BBD) said Monday that its profit in the second quarter was stable as increases in its credit portfolio and financial-services revenue were offset by rises in provisions expenses. The bank posted a profit of 2.83 billion Brazilian reais ($1.4 billion) in the quarter, up slightly

British Sky Broadcasting Group PLC (BSY.LN) said Monday that on July 20 it purchased 30,000 shares for cancellation.

Keppel Corp. Ltd. (BN4.SG) said Monday that its shipyard unit has secured three conversion contracts totaling S$103 million.