Barrick considers US$5.5 billion writedown on Pascua-Lama
Barrick Gold Corp may take a writedown of about US$5.5 billion for its Pascua-Lama venture after gold's value shrunk.
Infrastructure
Putin, Erdogan Supports Gas Pipeline
The two statesmen had signed the agreement on the said "Turkish Stream" project. The project is about building a gas pipeile from the Black Sea to Turkey. This will be then distributed to European Union nations.
General Electric Eyes on Investing $150 Million in Nigeria
U.S. industrial firm General Electric (GE.N) plans to invest around $150 million in Nigeria by 2017..
Greene Touch Empowers Google Dealing With Home Depot
Google has been witnessed to expand its client service network under the direct leadership of former VMWare co-founder Diane Greene. Google Cloud Platform has announced winning Landing Home Depot as i..
China’s State Backed CRR Corp. Unit Bags $1.3 Billion Chicago Rail Car Contract
Chicago Transport Authority has planned to replace 2,600 age old rail cars with 846 units of 7000-Series cars. CTA has awarded the $1.3 billion deal, the largest purchase in its history to a unit of C..
Latest News
RZB to Acquire Volksbanken AG Assets
Raffeisen Zentralbank agrees to acquire loan assets from Volksbanken AG as part of the bailout plan.
Thai PTT plans on investing billions on Myanmar
PTT CEO announced his plan on investing billions of dollars in Myanmar.
Site Scout buys defunct AdBrite IP assets
Site Scout purchased intellectual property assets by AdBrite.
Putin Announces Investment Plan
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
SiteScout Acquires Adbrite Assets
SiteScout purchases assets of the closed Adbrite for its system integration and improvement.
Wal-Mart Opening Retirement Fund for Bidding to Managers
Wal-Mart, with nearly 1.2 million strong retirement fund members, is accepting bids to manage its US$15.6 billion 401k program.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday.
Bond Market Awaiting Federal Reserve Decision
The bond market is awaiting the Federal Reserve Bank decision on quantitative easing.
