Glencore Xstrata is banking on US LNG boom to allow market entry into the tight knot LNG trading market.
Sectors
Royalty’s Bid Threatened by Rulings Prior Key Meeting
Royalty Pharma's bid was threatened to be dismissed after the takeover panel released rulings that the US based company could no longer revise the terms on its proposed deal.
U.S. Treasury Sells General Motors Stock for $34.41 per Share
The U.S. Treasury continues to embark on a strategy to exit General Motors, selling its 30 million stock of the bailed-out company for $34.41 a share.
Sumitomo Sells Off Stake in Barclays
Sumitomo Mitsui Banking Corp sells its shareholdings in Barclays to Nomura Securities. Sumitomo Mitsui Banking Corp of Japan had announced the sale of its shareholdings in British bank Barclays.
Alibaba IPO May Be Led by Credit Suisse
Alibaba's much anticipated IPO is rumored to be led by Credit Suisse. According to anonymous sources familiar with the matter, the highly anticipated IPO of Alibaba Group of China would be led by Credit Suisse.
Latest News
Qatari Diar acquires properties from the portfolio of Barwa Real Estate. Barwa Real Estate, the Qatari real estate developer, is undertaking plans to sell its assets estimated to be worth 26 billion riyals or US$7.
S-Pankki Oy acquires Tapiola Bank Oy, expanding its mortgage and insurance products for its customers.
Unilever would operate its food seasonings plant in Yangon, Myanmar by end of the month. The second largest consumer goods company in the world, Unilever, has said it has started to manufacture food seasoning in its plant in Myanmar.
According to its Chairman, Mukesh Ambani, Reliance Industries would expand its business operations in the next three years.
Royalty Pharma extends deadline for Elan to respond to its unsolicited offer. The private equity firm that invests in royalty streams from pharmaceuticals, Royalty Pharma, had extended the deadline for Elan Corp to respond to its US$6.
For its first European property purchase, KKR acquired 430,000 square feet of UK retail parks in Oxford, Glasgow and Sunderland.
JPMorgan Chase & Co. (JPM) loses its challenge to the cost-recovery plan that the California grid operator requires as set by the Federal Energy Regulatory Commission (FERC).
National Australia Bank is looking at a possible partnership with Wells Fargo & Co. to bring Australians to the US term loan B instruments.
According to Calcalist financial newspaper, PepsiCo is in discussion to acquire Soda Stream International for US$2 billion.
