A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
Sectors
Brookfield Asset Management scored USD 1 billion for fifth fund
Canadian investment manager Brookfield Asset Management Inc was able to raise USD 1 billion for its fifth fund.
Norway approves Africa Israel Investments, Danya Cebus for sovereign wealth fund investment
Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.
Sergei Shvetsov heads new Russian "mega-regulator"
Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
JP Morgan Chase to choose new directors
JPMorgan Chase had identified possible candidates for new directors of the bank's board . JPMorgan Chase & Co is near to identifying the company's two newest directors, according to Reuters' source.
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A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.
Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring. Eastman Kodak Co. emerged from bankruptcy court Tuesday after a judge cleared the company to begin a new chapter.
Collegefeed received USD1.8 million investment from Accel Partners A new social media platform specifically catered to college students has attracted a USD1.
Maginatics raised $17 million in Series B financing for its projects. Maginatics, a leader in technology innovations, clinched USD17 million in Series B funding.
IVG Immobilien sought protection from its creditors in court in Bonn after failing to reach an agreement to refinance its debt.
BHP Billiton slow to build into expanded operations in the potash industry through delaying production at the giant deposit until at least 2020.
NYSE tapped JPMorgan & Chase Co. and Societe Generale for the IPO launch of Euronext. NYSE Euronext is the bourse operator to be acquired by Intercontinental Exchange Group Inc.
Prudential Financial Inc. hired Frank Garcia, a former property investments manager at Deutsche Bank AG.
