Formosa Plastics Group invests USD1 billion in Fortescue Metals Group's iron ore project. Formosa Plastics Group of Taiwan has agreed to buy one third of an iron ore project from Fortescue Metals Group and China's Baoshan Iron and Steel for a USD1.
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Hess Corp and Newfields Exploration Co get offers for Asian assets
Hess Corp and Newfields Exploration Co receive substantial offers for Asian assets. Hess Corp. (HES) and Newfields Exploration Co. (NFX) are reportedly selling Asian assets.
Frasers Centrepoint makes highest bid in state land auction in Singapore
Frasers Centrepoint of Frasers and Neave makes the top offer for a recent government land sale in Singapore.
Possible rebidding of LRT-1 with revised project terms: DOTC
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
China to probe EMC, IBM, Oracle for security issues
Shanghai Securities News said the Ministry of Public Security and a cabinet-level research center of China were preparing to investigate on EMC Corp, IBM Corp and Oracle Corp over security concerns.
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Japan Tobacco International said they will continue to grow in the Philippines despite higher taxes on cigarettes.
Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
Manuel B. Villar, Founder and Chairman of Vista Land & Lifescapes and Starmalls, revealed that they would be opening more malls and convenience stores in 2014.
Dell's net income plunged by 72% to USD204 million or 12 US cents per share as the sales of personal computer extended their downward coil.
Researcher NPD Group said that the US retail sales of accessories, hardware and software of video games dived by 19% to USD443 million.
Applied Materials, a chip gear manufacturer, stated it expects foundry clients limit their expenditures during the present quarter as company move to producing smaller chips.
Malaysia conglomerate DRB-HICOM announced move to sell shares for Uni Asia Life Assurance company. DRB-HICOM is seeking approval from Malaysia's minister of finance for its proposal to sell its 51% shares of Uni Asia Life Assurance Bhd for $158.
Sony's Xperia A outsold Samsung's Galaxy S4, which led to DoCoMo's decision to exclude Samsung in its promotional line-up for the forthcoming winter.
Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.
