The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.
Investors
Slim's European expansion plans put on hold
The European expansion plans of billionaire Carlos Slim was put on hold after failing to persuade the management of KPN to accept his takeover proposal.
Twitter hires Google Advertising Executive
Ahead of its IPO, Twitter hired JJ Hirschle, a former Google advertising executive as the company aimed to expand its businesses and strengthened its workforce.
Obama urges Congress to move on after settled debt issue
US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.
Asiasion Capital share sale questioned by SGX
The Singapore Stock Exchange had questioned the authority of Asiasons Capital to issue new shares for the acquisition of a stake in a US oil and gas company.
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Richmond resident trustees have filed an appeal on a decision made by US District Judge Charles Breyer dismissing the eminent domain case.
According to officials who sought anonymity, House Speaker John Boehner and other Republican leaders in the House would approve the Senate drafted deal on the debt ceiling and the budget.
State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.
Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.
Family owned natural gas exploration and production firm Rice Energy had been preparing for an IPO to be launched early 2014, said sources that were familiar with the matter.
Swiss luxury group Richemont received a non-binding offer from Change Capital Partners for its leather goods maker Lancel, said sources who were close to the matter.
A permanent CEO and a new President for US business was recently installed by the board of directors of Toys R Us.
Swiss Re set to formalize a USD425 million investment for 12.3% of FWD. An investment worth USD425 million was agreed upon between Swiss Re and FWD Group, HK entrepreneur Richard Li's insurance firm.
The recent privatization of Royal Mail creates an 'equity culture' in the UK. The strong demand for Royal Mail shares could become the watershed moment where retail investors return to share sales.
