Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Legal & Regulatory
Italian government prefers Telefonica than Sawiris for Telecom Italia- newspaper
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
Michigan joins American Airlines-US Airways suit to block merger
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
US unlikely to block Smithfield’s products
According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.
Trader pays USD5.2 million settlement for Smithfield insider trading case
A Thailand based trader was ordered to pay USD5.2 million to settle civil charges filed against him for publicly trading call options and single stock futures before the announced acquisition plan of Shuanghui International Holdings for Smithfield Foods Corp.
Latest News
Cathay Pacific Airways Ltd. released an exchange statement today, voicing out its opposition against Qantas Airways Ltd. (QAN)'s Hong Kong budget carrier venture with China Eastern Airlines Corp. and gambling tycoom Stanley Ho.
Credit rating agency Standard and Poor's (S&P) said in a court filing that the reason US Justice Department filed a case against them was to get back for downgrading US' credit rating last August 2011.
Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
Petrochina Securities investor Johan Broux filed a disclosure suit against Petrochina Co and its current and former executives for failing to disclose pertinent news to investors.
As the company faces an investigation on corruption under the previous leadership, the new management of PetroChina is seeking to distance itself from the legacy of its former chairman.
Australian tycoon James Packer bought a 9.4% stake in US real estate website Zillow Inc. James Packer acquired a 9. 4% stake in Zillow Inc. Cavalane Holdings, of which Packer holds a controlling stake, purchased 3 million shares in the US real estate website.
South Korea would be offering a sale of ten-year bonds despite concerns of the US Federal Reserve reducing its asset purchases.
Japanese camera and endoscope maker Olympus Corp. would be prosecuted by UK's Serious Fraud Office for providing "misleading, false or deceptive" information in its Gyrus Group's financial accounts dating fiscal years 2009 and 2010.
