Oil and gas producer Nexen fell 11 per cent in early Toronto trading, the most in more than three years, on concern its US$15.1 billion purchase by CNOOC might not win government approvals after Canada rejected a bid for Progress Energy Resources by Malaysian state oil and gas firm Petronas just before the review deadline on Friday. Bloomberg
HKR International said buyers snapped up 72 units at its Amalfi project in Discovery Bay by last night. The dearest flat sold for HK$15,800 per square foot. The development comprises 164 units, from 655 sq ft to 3,264 sq ft. Sandy Li
Hutchison Whampoa, controlled by billionaire Li Ka-shing, confirmed it made a new offer of concessions to European Union antitrust regulators probing its planned €1.3 billion (HK$13.16 billion) purchase of mobile-phone operator Orange Austria but would not give details. The European Commission extended its deadline to rule on the deal to December 21. Bloomberg