Mechel sells ferroalloy assets to Yildirim for $425 million
MOSCOW - Russian coal miner Mechel is selling its ferroalloy assets to Turkey's Yildirim Group for $425 million and will use the proceeds to shrink its debt of more than $9 billion as well as invest in core projects, it said.
UAE's Etihad to buy 49 percent stake in Serbian airline
BELGRADE - United Arab Emirates' Etihad Airways, which has stakes in Virgin Australia and Air Berlin , will acquire a 49 percent stake in Serbia's loss-making JAT Airways.
Temasek's Danamon suitors may now be Japanese, Chinese
HONG KONG/SINGAPORE - After the collapse of the DBS deal, the best bet of Singapore sovereign investor Temasek Holdings to sell its stake in Bank Danamon Indonesia Tbk PT is to find a Japanese or Chinese bank keen to expand in Southeast Asia's biggest economy.
Suzuki denies reports it has resumed talks with Volkswagen
TOKYO - Suzuki Motor Corp Executive Vice President Toshihiro Suzuki denied recent media reports that it and Volkswagen have resumed talks on how to resolve a dispute about a partnership deal.
Wed, Jul 31 2013
Belaruskali says was not consulted on Uralkali pullout
MINSK - Belarussian potash producer Belaruskali said it was not consulted by Uralkali before the Russian company quit their joint venture, as it promised a new sales strategy to address the expected impact of its partner's exit.
German TV maker Loewe teams up with China's Hisense
FRANKFURT - German high-end TV maker Loewe AG on Wednesday said it had struck a strategic partnership with China's Hisense International Co., Ltd , sending Loewe's shares up by nearly one third.
Panasonic: in talks with potential partners to sell part of healthcare unit
TOKYO - Panasonic Corp said on Wednesday it is in talks with various potential partners to sell a part of its healthcare unit, through which it could raise as much as $1 billion.
Mon, Jul 29 2013
Beijing Enterprises to buy 22 percent of China Gas for $1.1 billion
HONG KONG - Beijing Enterprises Holdings Ltd said on Tuesday it would buy from its parent company 22.01 percent of city gas pipelines operator China Gas Holdings Limited for HK$8.22 billion ($1.06 billion) to strengthen its position in the Chinese natural gas sector.
Volkswagen, Suzuki resume alliance talks: sources
FRANKFURT - Volkswagen and Suzuki Motor Corp have resumed talks about how to resolve a dispute about a partnership deal, two sources familiar with the matter said on Monday.
Cukurova granted more time to pay for Turkcell shares
ISTANBUL - Turkey's Cukurova Group has been given an extension to pay the $1.56 billion needed to recover a controlling stake in Turkey's biggest mobile phone operator Turkcell , a British court said on Monday.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.


