U.S. Clears Land-Swap for Rio-BHP Copper Mine
Barack Obama has signed into law legislation clearing a
land-swap deal that will underpin the proposed $6 billion
development of one of the world's largest untapped copper deposits,
said Rio Tinto.
Ferrovial Abandons $830 Million Transfield Bid
Ferrovial abandoned a $830 million takeover bid for Australia's
Transfield Services, a major setback in the Spanish construction
company's plan to compete for billions of dollars of new
infrastructure projects Down Under.
China's Hopu Among Investors in Xiaomi
Chinese private-equity firm Hopu Investment Management is among
the consortium of investors putting a total of just over $1 billion
into Xiaomi in a deal valuing the smartphone maker at over $45
billion, according to a person familiar with the situation.
China State-Owned Firms See Slower Profit Growth
China's state-owned enterprises recorded slower profit growth in
the first 11 months of the year as the world's second-largest
economy lost momentum.