Global miner Rio Tinto further improved its cash position on Monday by selling a part of its food packaging business to Bemis Co for $1.2 billion in a deal that makes Bemis by far the largest North American player in a still fragmented industry.
China’s Deep Pockets to Teck’s Rescue (The Motley Fool)
Teck edges one more step away from acute debt distress.
India Min:Government Debt Burden To Fall When Econ Overcomes Shocks (Nasdaq)
NEW DELHI -(Dow Jones)- India’s federal government said Friday its public debt could reduce once the adverse impact of the global shocks on the Indian economy is overcome and it resumes fiscal consolidation.
= FOCUS:Emaar Merger Signals Dubai Inc. Consolidation,M&A Wave (Zawya)
DUBAI (Zawya Dow Jones)–The merger of Dubai’s Emaar Properties Emaar Properties PJSC (EMAAR.DFM) and three state-controlled property firms could prompt a wave of consolidation in the struggling emirate, analysts say.
German Fin Min: Must Return To Fiscal Consolidation (Nasdaq)
BERLIN -(Dow Jones)- Germany must return to budget consolidation, German Finance Minister Peer Steinbrueck said Wednesday, presenting the government’s 2010 budget that foresees record new debt.
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