China Southern buys assets to restructure
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China Southern Airlines Co. Ltd., the countryÂ¡Â¯s largest airline, said over the weekend it would buy assets worth US$2 billion from its State parent as part of a restructuring of the fragmented industry.
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The move came after Chinese officials expressed concern over BHP Billitonâs plans to link up with Rio Tinto in a merger that would give the combined company a dominant position in iron ore.
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Encysive restructures to reduce its cash burn.
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Standard Chartered said it had acquired Korea First Bank for 3.3 billion dollars (2.5 billion euros) in cash, the largest foreign investment in South Korea's financial industry.
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An agreement has been reached on the sale of Cheyne Finance, a structured investment vehicle now known as S.I.V. Portfolio, to bidders including Goldman Sachs, the fundâs receivers, Deloitte & Touche said. The $7 billion S.I.V. Portfolio, managed by the hedge fund Cheyne Capital Management, went into receivership in September. The agreement comes after talks with a number of bidders over the last few weeks and consultation with the informal creditorsâ committees, Deloitte said. Under the deal, certain reinvestment opportunities will be offered to some existing creditors of the company. S.I.V.âs, held by banks, hedge funds or other institutions, issue a mixture of short-term debt and capital and buy longer-term assets, which may pay more interest than the amount they pay on their notes. The vehicles encountered trouble in August when liquidity in the credit markets dried up as investors faced exposure to the subprime market.
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Home Depot is buying HomeWay, a move that will give the chain its first stores in the fast-growing Chinese market.
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China on Monday announced a $20 billion capital injection into China Development Bank, one of the country's three policy lenders, as part of a long-planned transformation of the state-owned company into a commercial bank.
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Morgan Stanley  said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals.
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China's state-owned aluminum giant Chinalco and U.S. partner Alcoa Inc  had agreed to buy up to 14.9 percent of Rio Tinto Plc  this month and had up to $24 billion to spend, according to a January 30 memo.
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IBM on Friday announced it acquired privately held Systems Research & Development (SRD), for an undisclosed amount, to fill out its business intelligence middleware portfolio.
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HSBC Holdings , Europe's biggest bank, is acquiring The Chinese Bank Co. in Taiwan and will provide it with additional capital of between $300 million and $400 million, it said on Friday.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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Al vaglio operazione con China Southern Airlines
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The arrangement, led by Appaloosa Management, replaces a $3.4 billion plan that was scrapped after the primary investor withdrew.
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HSBC Holdings , Europe's biggest  bank, is acquiring The Chinese Bank Co. in Taiwan and will  provide it with additional capital of between $300 million and  $400 million, it said on Friday.
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With an eye toward managing physical assets, Big Blue rolls out enhancements gained from buying spree.
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China Southern Airlines Co. said its board of directors has approved plans to take over China Northern Airlines and Xinjiang Airlines from its parent company.