A data room is a secure, private room where deal makers - usually prospective buyers or investors, along with their lawyers, bankers, and accountants - gather for days and sometimes weeks to scour reams of confidential data about a company.
Centro Australia Wholesale Fund has 28 Australia and New Zealand shopping centers worth 2.6 billion Australian [...]
Business insurance rates slid 12 percent in the quarter, according to data compiled by the Washington-based Council of Insurance Agents and Brokers. Prices for reinsurance, which is coverage for insurance companies, dropped as much as 15 percent in the January renewal season, according to Willis Group Holdings, a reinsurance broker.
Buffett, 77, built Berkshire over the [...]
The fourth-quarter results included a pretax charge of $11.12 billion for a net unrealized market valuation loss related to its credit default swap portfolio.
Analysts, on average, expected a loss of 15 cents, according to Reuters Estimates. In the year-ago quarter, New York-based AIG earned $3.85 billion, or $1.47 a share, from operations.
The insurer said it [...]
“There was a certain euphoric rush into China,” said Nicholas Unkovic, a partner at the global law firm Squire, Sanders %26#038; Dempsey.
He said some initial investments in China may already have petered out because investors misjudged their local partners or the quality of talent.
“A lot of money is going to be made in China and [...]
Sonys move is the latest highlighting the growing demand for property in the German capital, particularly around Potsdamer Platz. Last December, Daimler AG said it had sold its property in the area to a Swedish banking group.
Potsdamer Platz has transformed itself from a threatening no mans land during the Cold War to one of the [...]
The former chairman of Colonial, Luis Portillo, and the Nozaleda family, who together own about 52 percent of the company, had agreed to sell their stock to the Dubai fund in the event of a bid.
Colonials assets are valued at %26#8364;12 billion, mostly from rented office space in Madrid, Barcelona and Paris. It is carrying [...]
On Hanois unofficial foreign exchange trading street, Ha Trung, business is brisk at a congested strip of shops where the dollar and fat stacks of dong change hands over the counter.
One dollar buys 15,800 dong on the black market, compared with the central banks published rate of 16,054 dong.
Several banks in Hanoi said this week [...]
Consumer spending continued to increase at a solid pace through much of the second half of 2007, despite the problems in the housing market, but it appears to have slowed significantly toward the end of the year. The jump in the price of imported energy, which eroded real incomes and wages, likely contributed to the [...]
Barrick estimates that the mine will yield 20.4 million ounces of gold, along with more than 400 million pounds of copper and more than 100 million ounces of silver.
The mine, located in pine-filled mountains north of the Dominican capital, Santo Domingo, will be built with a 40 percent stake by Vancouver-based Goldcorp Inc.
Fernandez announced the [...]
Adam Tam, fund manager at Pacific Sun Investment Management in Hong Kong, said investors liked the sector because, “China Railway Construction is a proxy for Chinas infrastructure industry, which is less affected by Chinas recent tightening policies.”
To attract buyers, China Railway Construction shares were sharply discounted to compare favorably with those of its rival, China [...]
