On Friday, the board of directors of Singapore-based and London-listed Archipelago Resources agreed to the privatization proposal of its major investor PT Rajawali Corporation valued at GBP338 million or USD541 million.
Sectors
Cyber criminals target NZ major retail chain
A major retail chain in New Zealand was the subject of a phishing attack from overseas criminals. A major retail chain in New Zealand was targeted by cyber criminals operating overseas.
Some NSA employees spy on romantic interests using agency surveillance technology
A letter given by NSA Inspector General George Ellard to Senator Charles E. Grassley confirmed that some NSA employees used the agency's signals intelligence powers to spy on their romantic interests.
SABIC to issue five year bond worth over USD1 billion
In a bid to maximize benefit from high consumer demand, SABIC issues a five year dollar denominated bond projected to be worth USD1 billion.
Alibaba partnership structure gets support from Yahoo
The partnership structure proposal of Alibaba Group Holding Ltd got support from its shareholder Yahoo Inc.
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The British government said on Friday that the initial public offering of the nation's Royal Mail postal service would value the company at GBP3.3 billion or USD5.3 billion.
Danish wind turbine producer Vestas Wind Systems announced that it would be forming a new joint venture with Japanese conglomerate Mitsubishi Heavy Industries.
A Reuters report said that Japanese-based firm Toray Industries Inc would be purchasing US-based company Zoltek Companies Inc for USD584 million.
Avianca Holdings SA Chairman German Efremovich had offered shares of his company to back up loans made for the airline's expansion.
In an unprecedented sweep, several Japanese firms and their executives have been charged with conspiracy to undertake price fixing and agreed to settle amounts with the US Justice Department.
New product offers have been made by NASDAQ OMX such as USD10,000 contracts for its clients in the currency market.
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities. A suit was filed against the Credit Suisse Group AG in New York for USD359 million worth of residential mortgage-backed securities.
OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.
NY Knicks rehired Steve Walls as its new president after the appointment of Steve Mills. Steve Mills had completed his return to the NBA as the new President and General Manager of the New York Knickerbockers.
