Hints and tips:
...Only in March, Ma told an investors’ conference that he didn’t want to do logistics, preferring to help independent delivery companies improve services....
...Brazilian construction company, Camargo Corrêa, local conglomerate Votorantim and Caixa dos Empregados Usiminas, the Usiminas employees’ pension fund, sold the stake....
...They can either move forward with Rio or do something else,” he said....
...One imagines that bookrunners Credit Suisse, Morgan Stanley and UBS will, between them, be able to tuck away the modest £125m placing if they do some stretching exercises first....
...But Rio’s shares and bonds barely budged on Monday, suggesting that for the first time in years, capital providers do not mind allowing Tom Albanese to invest a lot of cash outside Rio’s own assets....
...“We do need to get more money from the projects,” says Mr Ali. That stance is supported by the multilateral agencies....
...Other recent arrivals include Ferrous Resources of the UK and German-backed Steel do Brasil, which last month bought mining assets in northern Brazil for $245m....
...It plans to build a steel mill in Pará state, near its giant iron ore mine at Carajás, for a total investment of R$5.2bn (US$2.9bn)....
...Its executives enjoy direct access to José Eduardo dos Santos, president of Angola....
...“You shouldn’t try to do everything for everybody,” he says. “You should do what you do with quality and consistency.” In the post-crisis world, he says, banks will have to go back to basics....
...laying down a soft layer of muffling flim-flam about global warming and carbon footprints, ministers could simply pose a more direct question to the electorate and companies, one with an obvious answer: do...
...“On the one hand, you want to do the right thing by your shareholders, on the other hand, you do not want to lose.”...
...When Vale, the Brazilian mining group then known as Companhia Vale do Rio Doce, was privatised in 1997, its market value was about $8bn (£4bn)....
...“Whenever you have a situation like this, when you have a land grab for market share, you do have people trying to buy their way in,” said one banker from a foreign firm....
...At this stage, the level at which the battle might end has more to do with firepower. Both bidders are backed by global banking’s big guns, as well as wealthy family shareholders....
...The tussle arose after Companhia Vale do Rio Doce, the Brazilian mining group, said it would challenge CSN’s ability to supply iron ore to Corus should its bid succeed....
...Not much to do with politics, but mildly encouraging. Tata Steel (www.tatasteel.com) is all flashing panels and bright colours: a two aspirin job....
...Most analysts do not see raising finances as an issue for either company, particularly the Tata group....
...And do the artists mind that it will eventually be destroyed? No. “It allows you to move on. Sand sculpture is an ephemeral and temporary art form and it is great fun.”...
...On Monday Companhia Siderurgica Nacional of Brazil lobbed in a new recommended offer at 515p....
...These are executives of Companhia Siderúrgica Nacional, one of Brazil’s leading steel producers, along with their bankers and lawyers....
...Nigel Parson, analyst, said that, if the pub companies did not convert, private equity companies would buy them and do it....
...Thanks in part to the discovery of a world-class mine on the edge of the rainforest in Pará state, Brazil’s Companhia de Vale do Rio Doce has become the largest iron ore producer in the world....
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