According to a Bloomberg report, the biggest mining companies were set to spend USD244 billion on expansions amid Glencore Xstrata Plc's CEO call to end oversupply in mineral markets.
Sectors
Yanchang Petroleum agrees CAD 232 million acquisition of Novus Energy
Yanchang Petroleum would be purchasing Novus Energy CAD 232 million or USD 220 million. Yanchang Petroleum International would acquire Novus Energy for CAD 232 million or USD 220 million.
Bright Food Group in 'preliminary' talks for stake purchase in Tnuva Food Industries
China-based Bright Food Group has planned to buy a stake in Israel's Tnuva Food Industries. Bright Food Group Co said it could buy a stake in Tnuva Food Industries Ltd.
Chinese insurance firms may seek real estate investments overseas- CBRE Group
The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
Packer's Cavalane Holdings acquires Zillow stake
Australian tycoon James Packer bought a 9.4% stake in US real estate website Zillow Inc. James Packer acquired a 9. 4% stake in Zillow Inc. Cavalane Holdings, of which Packer holds a controlling stake, purchased 3 million shares in the US real estate website.
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News Corp announced that it had sold Dow Jones Local Media to a unit of Fortress Investment Group without disclosing the terms of the deal.
Billionaire investor Carl Icahn and his entities announced cutting their stake by almost half in Hain Celestial Group through stock sale.
AMC Entertainment Holdings announced to go public through an IPO as it aimed to raise USD400 million.
New and old investors came together for the series B financing for Loggly. The most popular cloud based log managemet system, Loggly, had received USD10.
Sequoia Capital and Spark Capital both invest in Zazma for USD10 million. In an announcement, short term finance innovator for small businesses Zazma had said it raised USD10 million in financing venture equity from Sequoia and Spark Capital.
Siemens Venture Capital spearheaded the latest series B financing round for Electric Cloud. One of the top firms providing Software Delivery Acceleration solutions recently announced the receipt of USD8 million in investments for its DevOps brand.
Last Tuesday, Hayman Capital's accumulated stake of 5.2% in struggling retailer JC Penney was disclosed in a US Securities and Exchange regulatory filing.
LinkedIn Corp said last Thursday that it would sell additional USD1 billion of its Class A common stock.
In its latest Series B financing round, Quantia was able to raise a total of USD10 million from major and current investors.
