Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.
Legal & Regulatory
China Blesses Glencore-Xstrata Merger
China conditionally approves Glencore-Xstrata merger. The merger plan of Glencore and Xstrata cleared its final hurdle when the Ministry of Commerce of China backed the deal's completion.
China recommends investment in state social fund
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
Reorganization Plan for AMR Corp Bankruptcy Exit Submitted
AMR Corp, the parent of American Airlines, is nearing bankruptcy exit and with that, merger of the two air carriers is near.
Nestle Disallowed to use Pfizer baby food brands
The Mexican Federal Competition Commission has disallowed Pfizer from using Pfizer baby food brands for twenty years.
Latest News
Malaysia's vibrant bourse is now the home of SPAC's in Asia. Malaysia is seeing a new kind of IPO in their bull market, called special purpose acquisition company.
Lehman bankruptcy administrators PWC announced payment of dividends to European creditors. US investment bank Lehman Brother's investors in its European unit would be repaid in full according to the firm's administrators.
With restrictions on shelved produce, days of operation and zoning regulations, many big box retailers such as Tesco are being squeezed in the South Korean market.
Google Inc. has reportedly offered a final package of commitments that include some changes in its operations in a bid to settle a European Union antitrust investigation on alleged discrimination against its competitors, according to a source.
Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.
A report from the Financial Times said that the RBS lost its case against the hedge fund Highland. The Financial Times in London reported that the Royal Bank of Scotland Group Plc lost its high-profile legal dispute against the U.
Russia bans US officials and other Americans as a response to the ban made by US officials in related to the Magnitsky incident.
The world's richest man can now get a license to operate a pay for TV service. Carlos Slim, the Mexican billionaire, is now undertaking an aggressive incursion into the Mexican television market to take advantage of the benefits provided by new legislations passed on telecommunications.
The Head of the Statistics Department of the General Administration of Customs in Beijing admits providing incorrect and groundless data.
