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Spain’s Telefonica buys Mediaset Espana stake in Canal+

MADRID (Reuters) – Telefonica (TEF.MC ) said on Friday it had agreed to buy the 22 percent stake held by Mediaset Espana (TL5.MC ) in pay-TV firm Distribuidora de Television (DTS), giving full ownership of the TV firm to the telecoms group. Spanish media group... More »

China approves Lenovo, IBM $2.3 billion server deal

BEIJING (Reuters) – The Chinese Ministry of Commerce’s anti-monopoly bureau has approved Lenovo Group’s proposed $2.3 billion deal to buy IBM Corp’s low-end server business. The deal, announced in January, is expected to be completed by the end of the year, sa... More »

Nokia buys U.S.-based SAC Wireless

HELSINKI (Reuters) – Finnish telecommunications gear maker Nokia (NOK1V.HE ) said on Wednesday it would buy U.S. -based SAC Wireless, which installs wireless network equipment. SAC Wireless, based in Schaumburg, Illinois, has roughly 450 employees and has work... More »

Slim’s real estate arm to buy AT&T’s America Movil stake

MEXICO CITY (Reuters) – Carlos Slim’s real estate firm, Inmobiliaria Carso, will buy AT&T Inc’s equity stake in America Movil, tightening the Mexican tycoon’s control of his flagship telecommunications firm, according to a filing with Mexico’s stock exchange o... More »

Vodafone to win EU approval for $9.8 billion Ono deal: sources

BRUSSELS/LONDON (Reuters) – Vodafone is set to gain unconditional EU approval for its 7.2-billion-euro ($9.79 billion) bid for Spain’s largest cable operator Ono as regulators do not have competition concerns, three people familiar with the matter said on Wedn... More »

Intel buys into New Zealand sports technology developer

WELLINGTON (Reuters) – U.S. chipmaker and technology company Intel Corp said on Thursday it has invested in a New Zealand company producing software for use in sports and exercise sectors. Intel Capital, the corporation’s investment arm, has bought into the pr... More »

Oracle nears $5 billion deal for Micros Systems: WSJ

(Reuters) – Oracle Corp is likely to buy Micros Systems in a $5 billion deal, expected to be announced as early as Monday morning, the Wall Street Journal reported, citing a person familiar with the matter. The takeover would value Micros at more than $67 a sh... More »

Google’s Nest to buy Dropcam for $555 million: report

(Reuters) – Google Inc’s Nest Labs will buy home-monitoring camera startup Dropcam for about $555 million in cash, technology blog Re/code reported on Friday, taking another step deeper into consumers’ homes. Nest and Dropcam confirmed the acquisition in separ... More »


Santander sells custody business stake to Warburg Pincus-led group

MADRID (Reuters) – The euro zone’s biggest bank Santander said on Thursday it had agreed to sell a 50 percent stake in its securities custody business to a holding led by U.S. buyout firm Warburg Pincus. In a regulatory filing, Santander said it would book a 4... More »

GE to submit improved Alstom offer on Thursday: sources

PARIS (Reuters) – General Electric (GE.N ) will on Thursday unveil to the French government and unions an improved offer for the energy arm of Alstom, a source close to the U.S. conglomerate said of its efforts to fend off a rival proposal. Alstom’s board is d... More »

In deal with Amazon, BlackBerry to offer 240,000 Android apps

TORONTO (Reuters) – BlackBerry Ltd has agreed a licensing deal with Amazon.com Inc that will let the Canadian smartphone maker offer some 240,000 Android applications from Amazon’s app store on its line-up of BlackBerry 10 devices this fall. The move allows Bl... More »


French biotech Cellectis surges as Pfizer signs cancer drug deal

(Reuters) – U.S. drugmaker Pfizer, which failed last month in a $118 billion bid to buy AstraZeneca, said on Wednesday it had signed a deal with French biotech Cellectis to develop immunotherapy drugs in cancer. The news sent shares in Cellectis surging 50 per... More »

Alibaba names partnership members in new IPO prospectus

BEIJING (Reuters) – Chinese e-commerce giant Alibaba Group Holding [IPO-ALIB.N] revealed the members of its 27-person partnership in its updated initial public offering prospectus on Monday. The partnership, which includes founder Jack Ma, Executive Vice-Chair... More »

Mitsubishi Heavy, Hitachi eye global clout with Alstom bid

TOKYO (Reuters) – Mitsubishi Heavy Industries’ involvement in Siemens’ bid for the power assets of France’s Alstom fits in with the Japanese company’s plans to build a global presence after a recent major reorganization of its business. Mitsubishi Heavy Presid... More »

Vodafone targets “connected cars” with Italian deal

LONDON (Reuters) – Vodafone is buying an Italian car electronics maker for 145 million euros ($197 million), seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business. Telecoms and tec... More »


Airbus, Safran create space launch joint venture

PARIS (Reuters) – Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe’s Ariane space rocket from U.S. low-cost rival SpaceX. The move is the first step towards consol... More »

UCWeb buy may raise Alibaba IPO valuation: UCWeb CEO

BEIJING (Reuters) – Alibaba Group Holding Ltd’s full acquisition of Chinese mobile browser firm UCWeb and subsequent merger may create a higher valuation for Alibaba’s coming U.S. listing, UCWeb Chief Executive Yu Yongfu said at a group media interview on Thur... More »


U.S. billionaire Wilbur Ross cashes out Bank of Ireland stake

LONDON/DUBLIN (Reuters) – U.S. billionaire Wilbur Ross sold his entire shareholding in Bank of Ireland for almost half a billion euros on Tuesday, to almost triple the value of a shrewd investment made at the height of the euro zone crisis. Ross has said he wo... More »

Time Warner in talks to buy stake in Vice Media: Sky News

(Reuters) – Time Warner Inc (TWX.N ) is in talks to buy a major stake in Vice Media, valuing the media company at about $2.2 billion, Sky News reported, citing sources. The talks were at an advanced stage but some final details were yet to be agreed on, the br... More »

If Sprint buys T-Mobile, it may have to slash prices: analysts

WASHINGTON (Reuters) – If Sprint Corp acquires T-Mobile US Inc, it could save up to $6.6 billion on network, equipment and operating costs, but it will have to slash its prices to match the target company’s steep discounts, analysts said on Monday. Sprint, und... More »

Messaging app Line mulls U.S., Japan IPO, report says

(Reuters) – The popular messaging app, Line, owned by Asia’s Naver Corp, is preparing an initial public offering in the United States and Tokyo as soon as November, Bloomberg reported Tuesday, citing people who were familiar with the matter. The company was wo... More »

Alibaba among companies looking to invest in AppNexus: WSJ

(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N ) is one of several companies that are in talks to invest for a stake in U.S.-based advertising technology firm AppNexus, the Wall Street Journal said, citing sources familiar with the ... More »


Ex-Microsoft CEO Ballmer buys NBA’s LA Clippers for $2 billion

LOS ANGELES (Reuters) – Former Microsoft Corp (MSFT.O ) CEO Steve Ballmer has purchased the NBA’s Los Angeles Clippers franchise for $2 billion, a record for a professional basketball team, sole trustee Shelly Sterling announced on Friday. In a news release fr... More »

E-cigarettes could sweeten potential Reynolds-Lorillard deal

NEW YORK (Reuters) – When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales. It was available in only 12,000 retail outlets and over the Internet... More »

Sony, Shanghai Oriental Pearl to set up China PlayStation JVs

BEIJING (Reuters) – Japan’s Sony Corp and China’s Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony’s PlayStation games console in China, Shanghai Oriental Pearl said in a stock exchange filing on Monday. One joint ven... More »

Yahoo Japan drops $3.2 billion plan to buy eAccess from SoftBank

TOKYO (Reuters) – Yahoo Japan Corp (4689.T ) has dropped its plan to buy mobile network operator eAccess Ltd from SoftBank Corp (9984.T ) in a 324 billion yen ($3.2 billion) deal that was part of a reorganization of SoftBank group assets. Yahoo Japan, the coun... More »

AstraZeneca rejects Pfizer’s take-it-or-leave-it offer

LONDON (Reuters) – Britain’s AstraZeneca on Monday rejected a sweetened and “final” offer from Pfizer, casting serious doubt on the U.S. drugmaker’s plan for a merger to create the world’s biggest pharmaceuticals group. The rebuff came nine hours after Pfizer ... More »

AT&T makes bet on video with $48.5 billion DirecTV bid

(Reuters) – AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices. The deal, announced on Sunday, highlights ... More »

Darden to sell Red Lobster seafood chain for $2.1 billion

(Reuters) – Darden Restaurants Inc (DRI.N ) said it agreed to sell its struggling Red Lobster seafood chain to Golden Gate Capital for $2.1 billion in cash. The company said it expects net cash proceeds of about $1.6 billion, of which about $1 billion would be... More »


Pfizer pledges to ringfence drug development in AstraZeneca deal

LONDON (Reuters) – Pfizer (PFE.N ) said it would ringfence the development of important drugs if it acquired AstraZeneca (AZN.L ), rejecting a charge from the British company that a takeover would disrupt important research and put lives at risk. “As we put th... More »

Yahoo buys mobile ‘self-destruct’ messaging app Blink

(Reuters) – Yahoo Inc has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender. The deal, which Blink announced on its website, comes days after rival Snapchat settled charges with U.S.... More »

BSkyB in talks to unite Murdoch’s pay-TV businesses in Europe

LONDON/FRANKFURT (Reuters) – Britain’s largest pay-TV company BSkyB is in talks to buy Sky Deutschland and Sky Italia, a 10 billion euro deal that would realize Rupert Murdoch’s long-held ambition to combine his European TV interests in a single business. The ... More »

Hillshire to buy Pinnacle Foods in $6.6 billion deal

(Reuters) – Hillshire Brands Co said it would buy Pinnacle Foods Inc for about $6.6 billion including debt, adding products such as Duncan Hines baking mixes to its portfolio that includes Jimmy Dean sausages and Hillshire Farm luncheon meats. Hillshire, forme... More »

Gazprom gas deal with China nearly ready: deputy minister

MOSCOW (Reuters) – Russian Deputy Energy Minister Anatoly Yanovsky said on Monday a long-awaited deal for natural gas producer Gazprom (GAZP.MM ) to supply China with gas was close to completion. “We hope that the negotiations will be completed as scheduled,” ... More »

China’s Alibaba files in U.S. for what may be biggest tech IPO

SAN FRANCISCO (Reuters) – Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history... More »

Alibaba’s deal-making ripples across Silicon Valley

SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it’s certainly no stranger to the investors of Silicon Valley. In the past 18 months, the Chinese e-commerce giant has burrowed its way into the V... More »

News Corp ties knot with romance novel publisher

TORONTO/NEW YORK (Reuters) – For Harlequin Enterprises Ltd, the romance novel publisher that News Corp agreed to buy for $415 million, the title of one of its latest offerings, “My Fair Billionaire,” could well refer to Rupert Murdoch. Murdoch’s News Corp said... More »

Pershing Square sits on hefty gains in Allergan bet

BOSTON (Reuters) – William Ackman’s Pershing Square Capital Management is already sitting on a $1.2 billion gain above his trading costs on his bet on Botox-maker Allergan Inc, according to a filing made on Friday. Allergan shares are now trading about 34 perc... More »

Viacom buys Britain’s Channel 5 to boost global presence

(Reuters) – U.S.-based Viacom Inc said on Thursday it would buy British TV broadcaster Channel 5 from media baron Richard Desmond for $760 million (450 million pounds) as a keystone to develop its worldwide presence. Viacom, which owns a stable of cable channe... More »


Rivals poach Publicis, Omnicom clients, staff as merger faces snags

LONDON/NEW YORK/PARIS (Reuters) – Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge Samsung contract, just as the two advertising firms struggle to keep their merger ... More »


France says could block Alstom deal as president meets GE

PARIS (Reuters) – France will block any deal involving engineering group Alstom it considers unfit, Economy Minister Arnaud Montebourg said ahead of a meeting between President Francois Hollande and General Electric’s chief executive to discuss Alstom’s future... More »

Pfizer chasing AstraZeneca in potential $100 billion deal

LONDON (Reuters) – U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion bid battle for Britain’s AstraZeneca Plc after having two bids rejected, as deal-making grips the healthcare industry. Pfizer said on Monday it made a 58.8 bil... More »


Obama praises business deals, touts U.S. enterprise

KUALA LUMPUR (Reuters) – President Barack Obama watched over the signing of three business deals in Malaysia on Monday, using the opportunity to promote U.S. commercial expertise during a four-country swing through Asia. The president has sought during stops i... More »

Ackman, Valeant team up to bid for Allergan

BOSTON/NEW YORK (Reuters) – Activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to make a joint run at buying wrinkle-treatment maker Allergan Inc, according to security filings on Monday. The move to ac... More »


IBM, Atos, HP looking at Lufthansa IT infrastructure unit: paper

FRANKFURT (Reuters) – Lufthansa’s IT infrastructure business, which the airline is trying to sell, is drawing interest from IBM, Hewlett-Packard and France’s Atos, German paper Frankfurter Allgemeine Zeitung (FAZ) reported, without citing any sources. Lufthans... More »


AstraZeneca cancer pipeline seen as draw for Pfizer

LONDON (Reuters) – Pfizer Inc may come back to bid for British drug company AstraZeneca Plc after its reported 60 billion pound ($101 billion) takeover approach was rejected, since a deal could make sense for the U.S. pharmaceuticals giant as it seeks to build... More »

Weibo valued at $3.46 billion after bottom-end IPO pricing

(Reuters) – China’s Weibo Corp will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service’s slowing user growth and the country’s highly censored media environment. The T... More »

U.S. agencies back DigitalGlobe bid to sell sharper images

TAMPA/WASHINGTON (Reuters) – The U.S. intelligence community has thrown its support behind a bid by commercial space imagery provider DigitalGlobe Inc to sell higher resolution images from its satellites, the leading U.S. intelligence official said Tuesday. Di... More »

Washington Post editorial backs Comcast-TWC merger with conditions

WASHINGTON (Reuters) – U.S. regulators should approve the proposed $45.2 billion merger of two biggest U.S. cable providers Comcast Corp and Time Warner Cable Inc, but set “clear conditions,” Washington Post’s editorial board said on Tuesday. Public interest g... More »

Former Maker Studios CEO sues to block Disney purchase: WSJ

(Reuters) – The co-founder and former chief executive of Maker Studios, Danny Zappin, filed a lawsuit aimed at preventing a shareholder vote on a takeover offer from Walt Disney Co, the Wall Street Journal reported on Thursday. Zappin and three other former Ma... More »

Amazon to buy digital comic book publisher comiXology

SAN FRANCISCO (Reuters) – Amazon.com Inc will buy New York-based digital comic book publisher comiXology for an undisclosed sum to beef up its entertainment content. The deal, announced on Thursday, is expected to close in the second quarter. ComiXology, which... More »

Fidelity explores new trading venue amid flash trade concerns

BOSTON (Reuters) – Fidelity Investments said on Thursday it is exploring the creation of a new trading venue with other asset managers, as U.S. regulators investigate the controversial practice of high-frequency trading. Fidelity, the No. 2 U.S. mutual fund co... More »

U.S. lawmakers press Comcast on Time Warner Cable merger

WASHINGTON (Reuters) – Comcast Corp and Time Warner Cable Inc executives sought to reassure lawmakers on Wednesday that their planned merger would not send cable TV prices skyrocketing but found a fair amount of congressional skepticism. The Senate Judiciary C... More »


Comcast, Time Warner to face lawmakers on merger plan

WASHINGTON (Reuters) – Executives from Comcast Corp (CMCSA.O ) and Time Warner Cable Inc (TWC.N ) are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2-billion deal was annou... More »

Comcast defends Time Warner Cable deal as U.S. review kicks off

WASHINGTON/NEW YORK (Reuters) – Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets. In a 175-page... More »

BlackRock appoints Barry Knapp to lead Thematic Strategies team

(Reuters) – BlackRock Inc, the world’s largest money manager, has hired Barry Knapp from Barclays to head its newly formed Thematic Strategies team, according to an internal memo seen by Reuters on Tuesday. Knapp, who will join BlackRock’s New York office this... More »

Comcast, Time Warner executives to face critic at merger hearing

WASHINGTON (Reuters) – Comcast Corp and Time Warner Cable Inc executives will face one of the toughest critics of their proposed merger when they go before a U.S. Senate panel this week. The Senate Judiciary Committee will hear from Comcast Executive Vice Pres... More »


Airbus drops behind Boeing in first-quarter jet orders

PARIS (Reuters) – Airbus dropped behind U.S. rival Boeing (BA.N ) in the race for new airplane deals in the first quarter after a pair of wide-body order cancellations, while Boeing finalized a major Canadian sale, company data showed on Friday. Airbus, a subs... More »

Liberty Media to slash stake in Barnes & Noble

(Reuters) – John Malone’s Liberty Media Corp said on Thursday it has sold almost all of its stake in Barnes & Noble Inc, ending a nearly three-year bet that the struggling retailer would emerge as a dominant seller of e-books. The sale of Liberty’s shares, exp... More »

Renesas has talked with Apple, others on chip unit sale: source

TOKYO (Reuters) – Japan’s Renesas Electronics Corp has talked with several companies, including Apple Inc, on a possible sale of its display chip design unit, a source familiar with the situation said on Wednesday. The source declined to comment further on the... More »

Brazil watchdog lifts suspension of Oi offer, paves way for merger

NEW YORK/SAO PAULO (Reuters) – Brazil’s securities industry watchdog CVM on Tuesday lifted a suspension on Grupo Oi SA’s 6 billion real ($2.7 billion) share offering, paving the way for the Brazilian telecommunications company’s merger with Portugal Telecom SG... More »

Alibaba invests $692 million in Chinese department store operator

HONG KONG (Reuters) – China’s Alibaba Group Holding Ltd agreed to invest $692 million in a Chinese department store operator as the e-commerce giant looks to bring the benefits and convenience of online shopping to customers who visit real bricks-and-mortar st... More »

Mitsubishi Motors to buy a Ford plant in the Philippines: Nikkei

TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T ) will buy a car plant from Ford Motor Co (F.N ) in the Philippines for around 10 billion to 15 billion yen ($97 million-$145.7 million), the Nikkei newspaper reported on Monday without citing sources. The newsp... More »

Candy Crush brings IPO market back to earth

NEW YORK (Reuters) – In the weeks leading up to the IPO of King Digital Entertainment, the company’s bankers scrambled to persuade investors that the maker of popular online game “Candy Crush Saga” was more than a one-trick pony, according to a source familiar... More »

Comcast’s Cohen to testify on Time Warner Cable merger

WASHINGTON (Reuters) – Comcast Corp’s Executive Vice President David Cohen will testify at a hearing in the U.S. Senate on April 9 about his company’s plans to buy Time Warner Cable Inc, a Comcast spokeswoman said on Thursday. The Senate Judiciary Committee wi... More »

Dish CEO contacts DirecTV head over possible tie-up: report

(Reuters) – Dish Network Corp Chief Executive Officer Charlie Ergen recently contacted DirecTV CEO Mike White to discuss a possible tie-up of the companies, Bloomberg reported, citing sources familiar with the matter. White is reluctant to pursue a deal and no... More »

Facebook to buy virtual reality goggles maker for $2 billion

SAN FRANCISCO (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. The acquisition, which... More »

‘Candy Crush’ maker King scores $7.1 billion valuation in IPO

(Reuters) – Mobile game maker King Digital Entertainment Plc priced its initial public offering on Tuesday at the mid-point of its expected range, valuing the “Candy Crush Saga” maker at about $7.1 billion despite questions about whether it can replicate the s... More »


U.S. Senate panel delays hearing on Comcast merger

WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee has postponed a hearing on Comcast’s plan to merge with Time Warner Cable until April 9, the committee said on Tuesday. The hearing had previously been scheduled for April 2. The committee gave no reas... More »

Pimco sees Brazil valuations ‘attractive’ in fixed income

SAO PAULO (Reuters) – Fixed-income instruments in Brazil are trading currently at attractive prices for investors with a long-term focus, a senior fund manager at Pacific Investment Management Co said on Tuesday, a fact validated by a spike in investment inflo... More »

Disney to buy YouTube network Maker Studios for $500 million

LOS ANGELES (Reuters) – The Walt Disney Co has agreed to buy Maker Studios, one of YouTube’s largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire. The... More »

Singapore’s Tigerair orders Airbus jets worth $3.8 bln

SINGAPORE (Reuters) – Singapore’s Tiger Airways Holdings Ltd (TAHL.SI ) has placed an order for 37 Airbus (AIR.PA ) A320neo aircraft worth $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday. ... More »

Tesco confirms joint venture with Tata in India

LONDON (Reuters) – Britain’s Tesco (TSCO.L ) has sealed a joint venture agreement with a unit of India’s Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country’s $500 billion pounds retail sector. Tesco sa... More »

Exclusive: States to probe Comcast plan to buy Time Warner Cable

WASHINGTON (Reuters) – Florida and other U.S. states will join the Justice Department in seeking to determine if Comcast’s plan to merge with Time Warner Cable is legal under U.S. antitrust law, Florida officials told Reuters. Comcast shares slipped just over ... More »

MSCI to sell proxy advisory firm ISS for $364 million

(Reuters) – Stock market index provider MSCI Inc said it would sell influential governance unit Institutional Shareholder Services (ISS) to private equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services busin... More »

Vodafone agrees $10 billion deal to buy Spain’s Ono

LONDON (Reuters) – Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European operations with a broadband offering. Vodafone said on Monday the de... More »

Vodafone to buy Spain’s Ono for $10.03 billion: source

(Reuters) – Britain’s Vodafone has agreed to buy Spanish cable operator Ono for 7.2 billion euros ($10.03 billion) in a deal that is set to be announced on Monday, a person familiar with the matter told Reuters. The purchase of private equity-backed Ono will b... More »

British media tycoon considers Channel 5 float: Sky

(Reuters) – British media baron Richard Desmond is considering a stock market listing of free-to-air TV broadcaster Channel 5, Sky News reported, citing sources. Desmond is working with investment bankers from Goldman Sachs on the possible floatation, Sky News... More »

Temasek-led group offers $2.1 billion for remaining Olam shares

SINGAPORE/HONG KONG (Reuters) – A Temasek-led shareholders group has offered to pay $2.1 billion in cash for shares in Olam International Ltd (OLAM.SI ) they don’t already own, putting the heft of the Singaporean state investor behind the commodity trading fir... More »