On Wednesday, Ferrexpo PLC announced it had purchased a 14.4% stake in Ferrous Resources valued at USD80 million.
Sectors
Analysts expect US Federal Reserve to be cautious with tapering-report
A Reuters report expected the US Federal Reserve tapering to be cautious. According to a Reuters report, expectations were rife that the US Federal Reserve would be cautious about the tapering of its stimulus package.
Julius Baer Brazil plans offices outside Sao Paulo, Rio de Janeiro
The Brazilian unit of Julius Baer Group would be opening offices outside the main centers of Sao Paulo and Rio de Janeiro.
Pre-installation of Alibaba apps on China Telecom mobile phones part of strategic agreement- sources
Sources told Reuters that Alibaba's apps could be pre-installed on the mobile phones of China Telecom as part of the strategic agreement of both companies.
China's Shuanghui nears shareholder approval for Smithfield acquisition-sources
Sources told Reuters that shareholders of Smithfield Foods Inc was close to approving the Chinese company's USD 4.7 billion offer.
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In a lawsuit filed in a Delaware court, shareholders claimed that Dole Foods Co Chief Executive David Murdock manipulated events in order to have his 2013 USD13.50 per share buyout approved by the company executive board.
Spain's Bankia had been in exclusive discussions with brokerage GVC to sell its own brokerage unit valued between EUR20 million and EUR40 million, said sources.
According to a Reuters report, Freelancer.com would be planning a local IPO in Australia that would help boost Australia's fast-growing technology markets.
According to sources, Polaris Financial Technologies had opened talks with Tokyo-based NEC Corporation to sell its IT division.
According to two business newspaper, the Belgian government had been considering to sell some of its 10.3% stake in BNP Paribas to reduce the country's debt.
Poplar Partners announced today that it had started its search for possible acquisitions in companies that have annual cash flows between USD1.5 and USD7 million.
Equity LifeStyle Properties Inc. announced its acquisition of Fiesta Key RV Resort valued USD24.6 million and was paid with available cash.
According to a source, Bank of America would appoint Alexandre Bettamio to its Latin America investment unit in Brazil.
I&B Ministry of India approved the proposed investment plan of Goldman Sachs Group to DEN Networks valued USD110 million.
