The president of the Federal Reserve Bank of Dallas has called out the US leadership on its continued gridlocks in a speech held in Sydney, Australia.
Investors
Nine Network to do IPO at the ASEX
The Australian Securities Exchange would be the venue for the IPO of Nine Network. The firm that owns Nine Network would start trading on the Australian Securities Exchange by December 6.
American Airlines, US Airways Group need to divest to get merger approval- source
US antitrust regulators would like American Airlines and the US Airways Group to agree to concessions before giving their stamp of approval for the merger.
Whitehaven's future assured - Chairman
Whitehaven Chairman Mark Vaile said the future of the mining company is assured with the two mines it is preparing to go online.
SunPower Corp acquires Greenbotics Inc for an undisclosed amount
SunPower Corp acquired Greenbotics Inc for its robots that clean solar power panels. US solar manufacturer SunPower Corp purchased Greenbotics Inc. The latter manufactures robots that can clean solar panels.
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Centrica decided to scrap plans for £2 billion wind farm unless the government subsidies to be given will be significantly increased.
A consortium led by Chinalco was shortlisted to bid for Glencore Xstrata's copper mine in Peru, a Chinalco executive said.
With two mainland China IPOs oversubscribed, consumer confidence indicates greater trust in new IPO shares.
Woori Finance Holdings Co.'s share values fell by nearly 3% to KRW12,000 per share. The share values of Woori Finance Holdings dropped to its lowest levels in nearly a month.
A CNBC report said that SAC Capital Advisors would plead guilty to securities fraud charges and pay a fine of USD 1.8 billion.
Shares of Chinese technology companies remained high despite fraud allegations of NQ Mobile. A Bloomberg report said that fraud allegations hurled against NQ Mobile did not affect other Chinese companies.
Tri Pointe Homes Inc. approached the final stage of closing a $2.7 billion deal to buy Weyerhaeuser Co's homebuilding unit.
The use of smaller 20 centiliter bottles is sought to be the key to cornering the emerging African market.
The IPO prospectus released by Nine Entertainment Co showed that the Sydney-based firm was looking to raise AUD 697.3 million for its share sale.
