Hutchison, Li Ka Shing Foundation Terminate Plan to Seek Control of Partner
Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd. (0013.HK) and his privately-run charitable foundation have terminated a US$125 million deal to regain control of Partner Communications Co. (PTNR) by buying a 75% stake in the Israeli mobile operator's controlling shareholder, Scailex Corp.
Harry Winston: Rio Tinto Diavik Mine Worth Up to 2.6 Billion Canadian Dollars
Rio Tinto PLC's (RIO) partner in its Diavik diamond mine in northern Canada has valued the operation at 2.1 billion-2.6 billion Canadian dollars ($2.1 billion-$2.6 billion), and has estimated that production can continue until 2023.
Hong Kong Endorses Plan to Review Interbank Rate
The city's de facto central bank supports calls to review the mechanism for fixing the Hong Kong interbank lending rate, but also warned that finding a replacement benchmark would be difficult, the South China Morning Post reported Tuesday, citing the monetary authority's chief.
Wah Nam's Brockman Joins Atlas, QR National On Pilbara Rail Study
China-backed miner Brockman Resources Ltd. has joined Atlas Iron Ltd. (AGO.AU) and QR National Ltd. (QRN.AU) in studying plans for new railway that could open up a new iron-ore production hub in Western Australia's Pilbara region, Brockman's parent Wah Nam International Holdings Ltd. (0159.HK) said
LG Chem: Being Investigated by US Justice Department on Possible Price Fixing of Lithium Batteries
LG Chem (051910.SE) is currently under investigation by the U.S. Department of Justice on possible price fixing of lithium batteries, a spokesman for the company said Tuesday.
Spain Mulls Turning Bad Bank into Investment Fund
The Spanish government is considering turning its so-called bad bank into an investment fund, as part of its banking-sector overhaul required under the terms of the European Union aid package, reports Expansion in its Tuesday Internet edition, citing investment-banking sources.
Japan Stocks Seesaw, With Telecoms Higher
Japanese stocks seesawed in opening trades Tuesday, with gains for defensive plays such as telecom shares helping support the market.
Australian Stocks Waver As Energy Offsets Miners
Australian shares hovered around the flat line in trading on Tuesday, with the S&P/ASX 200 index at 4,364.40.
Consolidated Media Sees News Corp. Bid Completed 4Q
Consolidated Media Holdings Ltd. (CMJ.AU) said Tuesday it expects News Corp.'s (NWS) 1.97 billion Australian dollar (US$2.06 billion) takeover bid to be completed in the fourth quarter of 2012, subject to shareholder and court approvals, as it reported a 2.4% increase in net profit for the fiscal