May 03, 2011
India’s biggest coal importer, Andani Enterprises Ltd has agreed to buy Australia’s Abbot Point terminal for $2 billion.
May 02, 2011
Arch Coal is to buy smaller International Coal Group to create the second-largest U.S. producer of steel-making coal.
May 02, 2011
Federal Reserve promises to boost growth and increased demand for raw materials in expanding economies sees commodities top stocks, bonds and the dollar for a fifth straight month.
Apr 29, 2011
Boosted by rising costs of almost all conceivable commodities and rising crude prices investors more and more are turning to precious metals as a hedge against inflation.
Apr 28, 2011
Minmetals CEO Andrew Michelmore says the company is still in the hunt for multi-billion dollar mining assets after being outbid for Australian copper miner Equinox.
Apr 28, 2011
A group of Facebook shareholders plan to offload $1 billion worth of shares on the secondary market, in a move that would see the company valued at over $70 billion.
Apr 26, 2011
The world’s largest gold miner has trumped China’s Minmetals bid by $1 billion with an offer of $7 billion for Australian copper miner Equinox.
Apr 21, 2011
Warren Buffett’s Brerkshire Hathaway Inc. will receive $1.65 billion from American International Group Inc. for assuming the troublesome asbestos policies from the bailed-out insurer.
Apr 20, 2011
Bank of America Corp says it will spin off its last private equity fund, with over $5 billion in assets, and has no plans to make new PE investments.
Apr 19, 2011
The fifth-largest U.S. bank posted a 21% drop in first-quarter profit, a smaller decrease that analysts forecast, as fixed-income trading revenue more than doubled from a disappointing fourth quarter.