Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
Funding
Obama says shutdown clear sample of differences between parties
Obama, in a fundraising speech, said that the differences between Democrats and Republicans were exemplified in the recent budget impasse.
Huishang Bank Corp to do IPO in Hong Kong
The current freeze order for domestic IPOs in China forced lender Huishang Bank Corp to list its IPO in Hong Kong's index.
Japan Exchange fell as profits decreased
Japan Exchange fell after expectations were unmet as major stocks pulled down the market. The biggest decline was registered with Asian stocks since August after the forecasts Canon Inc to Japan Exchange Group Inc had frustrated investors at the same time money market rates had urged in the second largest economy in the world.
McKesson obtains bridge loan
The approval for a bridge loan was given to McKesson to facilitate its acquisition of Celesio AG. The largest pharmaceutical distributor in the United States, McKesson Corp, had recently obtained a USD5.
Latest News
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital. The International Petroleum Investment Co,. the Abu Dhabi tate owned fund, had paid in full a USD2 billion loan its unit had taken out last 2011.
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
With an upper range of USD20 per share, the total enterprise value of Twitter is at USD10.9 billion.
TD Commercial Banking provided USD 1 million in financing to Pliteq Inc. Toronto-based engineering firm Pliteq Inc was able to secure USD 1 million in financing from TD Commercial Banking.
