Aug 19, 2013 | East Asia, News, Oceania
Reuters 15 Aug. 2013 Taiwan’s Formosa Plastics Group has agreed to invest $1.15 billion as part of a deal to buy nearly a third of a new iron ore project in Australia from partners Fortescue Metals Group and China’s Baoshan Iron & Steel. Formosa, which...
Aug 16, 2013 | News, Oceania, Western Europe
The Australian Financial markets technology provider Iress has launched a $206 million rights issue to fund a push into the UK market through the 210 million pound ($362 million) purchase of Avelo FS Holdings. Posting a 5.8 per cent fall in first-half net profit to...
Aug 15, 2013 | China, East Asia, News, North America, Oceania
Reuters Archer Daniels Midland Co said on Wednesday that South Korea had cleared the grain trader’s takeover of GrainCorp Ltd, leaving China and Australia as the last two countries that need to approve the deal. The Korea Fair Trade Commission became the seventh...
Aug 13, 2013 | China, East Asia, News, Oceania
The Wall Street Journal With the market for Chinese initial public offerings shut since last November, 99 Wuxian Ltd. is seeking up to 20 million Australian dollars (US$18.5 million) in an Australian IPO, according to a prospectus seen by MoneyBeat. The Hong...
Aug 7, 2013 | China, East Asia, News, Oceania
Bloomberg China Molybdenum Co., the nation’s second-biggest producer of the steelmaking material, agreed to pay $820 million for Rio Tinto Group’s Northparkes mine to gain its first overseas copper asset. The sale should be completed by the end of the year, Rio said...
Aug 6, 2013 | News, Oceania
The Australian THE NSW government has sold two of its major power stations to EnergyAustralia, effectively unwinding Labor’s “Gentrader” deal and taking a further step towards the total privatisation of the state’s power industry. Mt Piper and...
