Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
Regions
IPIC pays off loan that purchased bank stake
A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital. The International Petroleum Investment Co,. the Abu Dhabi tate owned fund, had paid in full a USD2 billion loan its unit had taken out last 2011.
Dubai firm to put up LNG factory in the Philippines
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Jet Airways-Etihad deal to be completed by the end of 2013
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
Chevrolet unveils 2014 Corvette Stingray
Chevrolet unveiled the seventh generation 2014 Corvette Stingray. The 2014 Corvette Stingray was finally unveiled by carmaker Chevrolet today. The Stingray was first introduced in 1963.
Latest News
In an unprecendented move, China's Sinopec is selling off shale gas acreages in Canada. An executive for the SInopec Group is seeking to sell half of its holdings in the two biggest shale gas acreages in Canada.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
Like a death in the family, union members of PSA Peugeot Citroen factory located in Aulnay, France mourn the closure of the 40 year old plan.
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
In a tax free spin off, DuPont would be able to spend just USD0.01 to USD0.02 per share. The largest chemicals maker in the United States in terms of value, Dupont Co.
Live Nation Entertainment acquired Voodoo Music & Arts Experience. Entertainment firm Live Nation announced that it had bought Voodoo Music & Arts Experience.
Taurus Wealth Advisors said independent asset managers could see the assets they oversee in Asia rise.
Far East Orchard said it was thinking of listing a real estate investment trust to focus on the hospitality market in Australia.
With an upper range of USD20 per share, the total enterprise value of Twitter is at USD10.9 billion.
