Codelco would sell its non-key assets to fund its investments after receiving only US$1 billion from the government.
Investors
Samin Tan agrees to US$223 million deal for Bumi Plc
Samin Tan agreed to buy Bumi Plc shares for US$223 million Coal tycoon Samin Tan has agreed to a US $223 million deal that would elevate his stakes in Bumi Plc to over 47%.
Schneider Electric in talks with Invensys for possible US$5 billion takeover
Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
Bill to separate traditional and investment banking to be reintroduced
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
Mexico’s dominant brewers warned against duopoly
Two of Mexico's brewers gets a warning against a possible duopoly. Mexico's Federal Competition Commission issued a warning to two of its biggest brewers to open up the market to other competitors or face heavy penalties.
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The investment company employs Peter Kotz, who has over 18 years of solid work experience. Gladstone Investment Corporation employed a new Managing Director for its Chicago office.
Sinosteel was in talks with Nigerian ministers for about US$6 million worth investment in Nigerian steel mill.
Comprehend secures US $8.4 million to fund expansion projects. Comprehend Systems, Inc has joined Sequioa Capital in securing US $8. 4 million series A funding, which will be used to finance the enhancement and development of its clinical data insights software.
Doric Assets speeds up the acquisition of A380 jets to cater to the needs of its clients. Demand for more A380 airbuses from commercial carriers prompted Doric Assets Finance Ltd.
Myanmar government figures and US companies met to discuss future investment endeavors. In a meeting between representatives of American companies and Myanmar government officials, the lack of investments from the United States was highlighted and discussed.
Angel investors are saving the upstarts in the UK, according to a Deloitte poll. Recent studies show that a new breed of 'super angel investors' are driving the United Kingdom's economic growth by filling the void left by the absence of traditional venture funds for upstart firms.
Enstar Grouped acquired Torus Insurance in a US$692 million agreement. Enstar Group announced today that it acquired Torus Insurance for US$692 million.
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
Pfizer invests in two plants in Ireland. A company restructuring in Pfizer's two plants went underway as the pharmaceutical giant announced that a US$130 million investment is heading their way.
