Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
Investors
Allianz SE Buys Out Largest Insurer in Turkey
Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.
Credit Suisse Absorbs Morgan Stanley's Wealth Management Arm
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
Petrobras to sell off Nigerian stakes
Petrobras, in line with the goal of making Brazil energy self sufficient, is selling of its stakes in Agbami and Akpo projects.
H.J. Heinz to Hold Shareholder Meeting Over $20 Billion Acquisition by Buffett
H.J. Heinz says that it is planning to host a shareholder meeting to allow investors the time to think about your house and expenses.
Latest News
Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East
EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Australian regulators have approved the Qantas-Emirates international flights scheme. Australian anti-trust regulators have cleared the tie up between Qantas Airways Ltd and Emirates on international flights.
Canadian Industry Minister calls out foreign capitalists to invest in the country's wireless industry.
Ericsson is making a deal to acquire the IPTV business of Microsoft in a bid to offer services to phone companies.
EADS is now instituting changes such as a share buyback program and changes in its board. Investors of the European Aeronautic, Defense and Space Co or EADS gave their approval for the purchase of fifteen percent shareholdings at the price of Eur50.
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
Microsoft is nearing completion of its transfer of its IPTV unit to Ericsson. Microsoft Corp's IPTV business unit is subject of discussions with Ericsson, the telecommunications giant.
