China Molybdenum acquired Rio Tinto’s stake in a New South Wales mining project for US $820 million.
Asia/Pacific
Bidgely receives US$5 million funds from Khosla Ventures
Khosla Ventures brings up energy software specialist Bidgely's total funding to US$8 million with latest investment.
Mizuho Global expects US$2 billion assets by March 2014
Mizuho Global Alternative Investments expect assets to rise as Japanese pensions continue to demand funds.
Jet and Etihad Airways buyout deal gets nod from Indian gov’t
The buyout deal between Jet and Etihad Airways got the approval of the Indian government but certain conditions must be observed.
Invest India boosts finances with new infusion from KfW, Dell Foundation
Germany-based kfW announced its acquisition of a 30% share in Invest India. German company KfW acquired a 30% stake in Invest India Micro Pension Services for US $3.
Latest News
Carlyle Group-backed OzForex is set to pursue AUD$500 million initial public offering for 2013. Global payments provider OzForex acquired the services of Goldman Sachs Group Inc.
Lending firm AG Finance is set to pursue an initial public offering this July 30 for PHP 2.18 per share of its common stocks.
Lenovo PCs proved to be risky for intelligence and security networks across the world, reports said.
The top four smartphone manufacturers were announced in the latest quarter report by the IDC. Global market share during the latest quarter decreased for Samsung amid reports of increased shipments of their products per year.
According to an interview with game creator Lorne Lanning, Nintendo would last 100 years unlike Zynga or Microsoft.
The India Manufacturing Barometer survey revealed that manufacturing companies will be holding off on new investments this year.
Economic slowdown, volatility and a weakened currency have made it difficult for India's PE investors to make an exit.
According to China Labor Watch, Pegatron Corp violated the rights of its workers at its factories in Shanghai and Suzhou, China.
According to analysts, Baidu would make its shareholders satisfied because of its potentials and investments for the future.
