PERTH (Reuters) - Australia's Arrow Energy is set to reject as too low a $3 billion joint takeover offer from Royal Dutch Shell and PetroChina, a newspaper reported, a move that could prompt the bidders to return with a higher, hostile bid.
A stream of analysts' comments suggesting the offer ...More
CANBERRA (Reuters) - Officials from eight nations including the United States began talks on a transpacific trade deal on Monday in a move Australia said could add momentum to stalled World Trade Organization talks.
President Barack Obama, who aims to double U.S. exports in five years, hopes to shore up ...More
HONG KONG (Reuters) - JP Morgan <JPM.N> Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets, as part of efforts to complete investments in the next two years.
The Asian Infrastructure & Related Resources Opportunity Fund invested in cement and water ...More
NEW YORK (Reuters) - American International Group Inc <AIG.N> is holding back $21 million from retention bonuses due by Monday to current and former employees of its Financial Products unit, a source familiar with the matter said.
AIG is paying out $46 million to about 70 people, most of whom ...More
LONDON (Reuters) - Asset manager Neuberger Berman, which once belonged to failed investment bank Lehman Brothers, plans a London listing for its first fund dedicated to distressed debt, according to the Financial Times.
The privately held company is looking to raise more than $150 million dollars from the listing that could ...More
SYDNEY (Reuters) - China's steelmakers should not try draw their government into iron ore price talks with Australian miners, Australia's trade minister said on Monday, as the mills struggle to pin back soaring raw material prices.
Any overt efforts by Beijing to influence iron ore prices would likely deal ...More
CANBERRA (Reuters) - Australian Trade Minister Simon Crean on Monday welcomed a report that China had cleared Rio Tinto <RIO.AX> and the Australian government of blame for the collapse of a $19.5 billion tie-up between Chinalco.
Chinalco had agreed on a $19.5 billion equity and asset tie-up with ...More
TOKYO (Reuters) - Japan Post Bank bought about 300 billion yen ($3.3 billion) in U.S. Treasuries in October-December, the first time it has purchased U.S. government debt since the start of its privatization process in October 2007, the Nikkei business daily said on Monday.
Japan Post Bank, a ...More
ABU DHABI (Reuters) - Abu Dhabi Investment Authority (ADIA), considered the world's largest sovereign wealth fund, said the global economy still faces "considerable uncertainty," in its first annual review aimed at enhancing transparency.
The fund, believed to have assets of around $500 billion to $700 billion, said the sustainability of ...More
MELBOURNE (Reuters) - Australia on Monday welcomed a report by China clearing Rio Tinto <RIO.AX> and the Australian government of blame for the collapse of a $19.5 billion tie-up between Chinalco and Rio Tinto last June.
An Australian newspaper reported from Beijing that a detailed report to the State ...More
