Energy
GLOBAL MARKETS-Asia stocks at 5-mth high as end nears for U.S. fiscal cliff
* Oil, copper jump as commodities join rally in risky assets
Remaking BP has yet to pay off
Pursuing a strategy some have called ‘shrink to grow’, the oil group has impressed with its divestment programme but growth is still a way off
UPDATE 10-Canada OKs CNOOC, Petronas deals, but slams door on any more
* Canada approves CNOOC bid for Nexen, Petronas buy of
Progress
* Ottawa to impose stricter conditions on foreign investment
* Raises questions about future resource-sector investment
* Canadian dollar, Nexen shares soar
* CNOOC agrees to commitments on transparency, investment,
others
(Adds details, edits)
By David Ljunggren and Charlie Zhu
OTTAWA/HONG KONG, Dec 8 (Reuters) – Canada approved China’s
biggest foreign takeover, the $15.1 billion bid by CNOOC Ltd
for ener
