Dec 10
International Business News
Once again the credulous financial media in Britain is being used to float rumours about BHP Billiton and Rio that bear little resemblance to what has been going on in the real world.
Dec 10
International Business News
Shares in Downer EDI, the struggling contractor and train builder, had a positive day yesterday as a new CEO was named, the market digested the staged sale of the troubled Century Resources arm; and news that the review of the company business will be announced next February.
Dec 10
International Business News
Corporate activity in the upper levels of the global mining market continues to rise with London reports over the weekend suggesting that Brazil's CVRD (Companhia Vale do Rio) had started looking at the aggressively expanding Anglo-Swiss Group, Xstrata.
Dec 10
International Business News
The acquisition of Colonial First State Private Capital Limited (CFI) has moved towards completion after it said today the Federal Court of Australia made orders approving the Scheme of Arrangement by which Sunsuper will acquire all of the CFI Shares on issue for 79.8 cents per CFI share.
Dec 10
International Business News
The investment arm of BT Financial Group, BT Investment Management (BTT) fell on its debut today, down 1 cent on its listing price of $4.80.
Dec 10
International Business News
Nufarm (NUF) has ceased talks with the Chinese-led consortium which offered the agricultural chemicals company a $3 billion offer last month as the consortium has been unable to formalise its proposal.
Dec 10
International Business News
Coal miner New Hope Corporation (NHC) announced today that it has pulled out of a takeover battle for Resource Pacific Holdings, saying it would not seek to better Xstrata's higher bid.
Dec 10
International Business News
Reuters Group PLC said Monday it has signed a deal with the International Herald Tribune to provide the Paris-based newspaper with content for its business section and will share the revenue from advertising.
Dec 10
International Business News
Japanese drugmaker Eisai Co. said Monday it will buy U.S. biopharmaceutical company MGI Pharma Inc. for $3.9 billion in cash in a move aimed at boosting its cancer drug business and sustain sales growth.
Dec 10
International Business News
McDonald's Corp., the world's No. 1 hamburger chain, said Monday that global same-store sales rose 8.2 percent in November.