You are currently browsing the Business & Financial News weblog archives for June, 2007.

Fortress will buy Penn Gaming for $8,9 billion

American investment company Fortress Investment Group LLC will buy the casino operator Penn National Gaming Inc. for 8,9 billion the dollars operating of 18 casinos and hippodromes in the USA.
Fortress will pay 67 dollars for each Penn Gaming’s share that is on 31 % above the price of these papers on results of the tenders […]

Venezuela has refused to buy submarines from Russia

Venezuela denies presence any plans on purchase of Russian submarines. Venezuelan Defense Minister of Raul Baduel has told that they are not going to buy any Russian submarines now. Thus he has not excluded an opportunity of the similar transaction in the future.
There was information that during visit to Russia on June, 29th, 2007, the […]

US pure capital inflow has grown in 3 times in April

In April 2007, US pure capital inflow has grown more than in 3 times - up to 111,8 billion dollars against 30,1 billion dollars, comparing to March, 2007. Such data has been represented in the US Ministry of Finance’s materials. Earlier it was informed, that in March, 2007, pure capital inflow to the USA made […]

Proficiency of Japan’s balance of payments has grown on 50,3 % in April

On the preliminary data, in April 2007, proficiency of the balance of payments of Japan, has grown on 50,3 % in annual calculation and has made 1,987 bln. yens (16,33 billion dollars) against 1,322 bln yens (10,9 billion dollars) of the previous year.
In comparison with March, 2007, when the balance of payments has made 3,317 […]

Brookfield buys Australian Multiplex for $6,16 billion

Canadian investment company Brookfield Asset Management Inc. (BAM) has offered purchase of Australian building company Multiplex Group for 6,16 billion dollars/
As it has been informed in the joint statement of two companies, Brookfield offers 4,26 dollars for each Multiplex securities  in recalculation on one Multiplex share.
It has been also marked that Multiplex board of directors […]

OPEC is not going to increase oil extraction

There is not lack in oil on the world market and the Organization of Petroleum Exporting Countries (OPEC) is not going to increase volumes of extraction of oil. Such application has been made by Iran’s Oil Minister Kazem Vaziri-Hamaneh at the press conference in capital of Malaysia, where the conference on oil extraction has been […]

E&Y: the Russian Federation becomes the leading player on a world scene

According to researches of the auditor company Ernst&Young, 70 % of foreign investors are assured that Russia will become the leading player on a world card. Such application has been made during plenary session in the context of XI Petersburg economic forum by chairman and the general manager director of the company.
As it has been […]

The USA have blocked bank accounts of four Iranian companies

The Ministry of Finance of the USA has forbidden the American companies to cooperate with four Iranian enterprises, owing to participation of these companies in the development of the nuclear program of Iran.
It is a question of companies Pars Tarash, Farayand Technique, Fajr Industries Group and Mizan Machine Manufacturing Group. Henceforth the American companies have […]

The USA has limited import of mobile phones

The agency of foreign trade of the USA has forbidden import of new cellular telephones, in which chips of company Qualcomm are used. Such decision has been provoked by the complaint of competitors from Broadcom which approve, that Qualcomm breaks patent rules.
It is a question of the right to energy-saving technology, which is used in […]

US regulating bodies have approved BoNY’s and Mellon Financial’s merge

The US regulating bodies have approved merge of one of the largest American banks Bank of New York and Mellon Financial Corp. Company. Such information, as Associated Press transfers, has been represented in the message of the Federal Trade Commission. Earlier the transaction has been approved by shareholders of both companies, and it is planned […]