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PUTIN PUTS RUSSIA IN THE DRIVER'S SEAT
Published July 4, 2009, 3:11 am, The Globe and Mail
It was 2006 and Russia was flush with petro-dollars, pride and industrial ambition. Vladimir Putin, then president, now Prime Minister, picked a high-profile investment to showcase his country's resurgence - Airbus owner EADS, the world's biggest aerospace company.
GM Says Beijing Automotive Submitted Offer for Opel (Update1)
Published July 4, 2009, 2:04 am, Bloomberg
July 4 (Bloomberg) -- General Motors Corp. said Beijing Automotive Industry Holding Co. submitted an offer for its Opel division, giving the bankrupt U.S. automaker more options in the event negotiations with Magna International Inc.
US-BUSINESS Summary
Published July 3, 2009, 9:02 pm, Reuters via Yahoo! Singapore News
Medici lawyer says Kohn didn't get Madoff payments
China's BAIC joins fight for Vauxhall parent GM Europe
Published July 3, 2009, 5:52 pm, Independent
The future of GM Europe (GME) could turn into a fight between the Chinese and the Russians after Beijing Automotive Industry Corporation (BAIC) made a formal offer for the distressed car maker.
Beijing Automotive bids for General Motors' German Opel unit
Published July 3, 2009, 4:48 pm, Detroit News
GM has increased its negotiating options for its German subsidiary Adam Opel GmbH by obtaining a second offer from Beijing Automotive Industry Corp.
CA-BUSINESS Summary
Published July 3, 2009, 2:41 pm, The Globe and Mail
TORONTO (Reuters) -Toronto's main stock index closed higher on Friday as Teck Resources Ltd's equity sale to China Investment Corp helped lift the resource-heavy market, but trading volumes were thin due to the Independence Day holiday in the United States.
CA-BUSINESS Summary
Published July 3, 2009, 2:11 pm, The Globe and Mail
TORONTO (Reuters) - Toronto's main stock index closed slightly higher on Friday as Teck Resources Ltd's equity sale to China Investment Corp helped lift the resource-heavy market, but trading volumes were thin due to a U.S. market holiday.
CA-BUSINESS Summary
Published July 3, 2009, 11:56 am, The Globe and Mail
TORONTO (Reuters) - Canada's Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help Teck pay down debt while expanding China's portfolio of commodity investments.
CA-BUSINESS Summary
Published July 3, 2009, 10:41 am, The Globe and Mail
TORONTO (Reuters) - Canada's Teck Resources will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt, it said on Friday.
Keep Vauxhall production in Luton, union urges
Published July 3, 2009, 10:24 am, Morning Star
Car workers have urged the government to support van production at Vauxhall's Luton plant. Negotiations are still continuing with potential buyers of its parent company GM Europe.
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