BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter

BHP Billiton (BHP) and Rio Tinto (RIO) gave up on plans to form the world’s biggest iron-ore exporter, citing regulatory requirements.

Regulators in Asia and Europe wanted the companies to implement changes, including asset sales, that the companies could not accept, Bloomberg News said. The regulators were worried that the deal would limit competition.

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BHP and Rio, the world’s…

Continue reading BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter

BHP, Rio Scrap Plans to Form World’s Biggest Iron Ore Exporter originally appeared on DailyFinance on Mon, 18 Oct 2010 07:00:00.

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Carlos Slim Open to Energy Investments Outside Mexico

Carlos Slim, ranked by Forbes as the world’s richest man, said he is open to the possibility of investing in new energy projects outside Mexico.

Slim, 70, said that he would consider opportunities in the power sector, Reuters reported.

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“Maybe,” Slim said when asked if he was planning new power investments, other than the Panama hydroelectric projects in where has an interest.

Slim’s…

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Carlos Slim Open to Energy Investments Outside Mexico originally appeared on DailyFinance on Wed, 29 Sep 2010 07:52:00.

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Google Street View Banned From the Czech Republic

Google’s controversial Street View service, which has raised privacy concerns in countries around the world, got the heave-ho from the Czech Republic Tuesday after failing to file for the proper registration to operate in that …

Sinochem Approaches Temasek Regarding Possible Potash Bid

China’s Sinochem Corp. invited Temasek, Singapore’s sovereign wealth fund, to join a consortium that may bid for Potash Corp. (POT), Reuters reported.

Temasek has not made any decision on whether to join the consortium, Reuters reported without namin…