Saab, the Swedish car maker owned by Detroit, Michigan-based General Motors (GM), is in talks with at least two interested parties following the collapse of the sale to SwedenÔÇÖs Koenigsegg last week.  The two parties are understood to be Beijing Automotive Industry Holdings (BAIC), which was to take a minority stake in Saab as part of the Koenigsegg acquisition; and Merbanco, a Wyoming-based merchant bank which has long been linked with the Saab brand.  BAIC has not yet confirmed whether it would bid alone or as part of a group.

A number of oil companies are planning to cash in on rising fuel prices by floating on the London Stock Exchange (LSE) next year, according to a report in the Sunday Times.

Rogers Communications, CanadaÔÇÖs biggest wireless company, has raised its stake in Cogeco and a subsidiary for C$163 million.  The increase in shares gives Rogers around 30 percent of Cogeco and 20 percent of Cogeco Cable, which says it is the second-biggest cable operator in Ontario, Quebec and Portugal, based on basic subscriber numbers. Rogers agreed to buy 1.62 million shares of Cogeco for C$46.4 million and 3.2 million shares of its subsidiary Cogeco Cable for C$116.6 million in cash, the Toronto-based company said in a statement.

The Spanish oil company Repsol will invest Ôé¼400 million over the next five years to boost natural gas production in Bolivia, it has been announced.

Shareholders in Canadian energy group EnCana have voted to split the energy company into two separate businessesÔÇöone focused on natural gas, the other on the Alberta oilsands.  Following approval of the move, Calgary-based EnCana will focus exclusively on gas, while its oil and refinery assets will be spun off into a separate company, Cenovus Energy, which is valued at C$21 billion (US$19.8 billion).  The natural gas assets will be run by Randy Eresman, EnCanaÔÇÖs chief executive. Cenovus will be headed up by Brian Ferguson, EnCana's current chief financial officer.

Transnet has secured a R2.2 billion loan from the French Development Agency (AFD) to help fund the expansion of Cape TownÔÇÖs container terminal.

General Motors may now close its Saab operations after a consortium led by SwedenÔÇÖs Koenigsegg Group walked away from the sale yesterday.  The future of the Swedish automaker will be decided at a GM board meeting on December 1, where the company will vote to either keep Saab, as it did with Opel earlier this month, or wind it down.  Closing Saab instead of selling would help Detroit-based GM to achieve its goal of trimming its US brands to four from eight in an effort to return to profit following its bankruptcy earlier this year.

US automotive firm General Motors may now close its Saab operations after a consortium led by SwedenÔÇÖs Koenigsegg Group walked away from the sale yesterday.

Husky Energy Inc. has announced the discovery of additional oil resources at its White Rose oil field, offshore eastern Canada.  A well drilled in the Hibernia Formation prospect encountered a 55-meter column of high-quality oil-bearing rock estimated to hold between 30 million to 85 million barrels of light crude in place, the company said in a statement.  Calgary-based Husky operates the White Rose field, which was discovered in the 1980s, and owns a 72.5 percent stake, with Suncor Energy Inc., also based in Calgary, owning the remaining 27.5 percent.

The Italian energy giant Eni has agreed to buy Heritage OilÔÇÖs Ugandan interests for up to ┬ú903 million, it has been revealed.