China welcome on Wall Street but foreign acquisitions still provoke unease

Flush with hundreds of billions of dollars, China Inc. is still having trouble investing abroad, running into foreign security worries as it tries to acquire companies and resources.

China welcome on Wall Street, but foreign acquisitions still provoke unease

Flush with hundreds of billions of dollars, China Inc. is still having trouble investing abroad, running into foreign security worries as it tries to acquire companies and resources.

Issue to cover Coles buy-up

WESFARMERS is today expected to announce it has succeeded in replacing its $4 billion in short-term debt stemming from its Coles Group acquisition, including a new $800 million Australian debt facility priced lower than its recent US bond issue.

Novartis in $40bn deal with Nestle to take over Alcon$

Novartis, the Swiss drugs giant, has agreed to acquire 25 per cent of Alcon from Nestlé for about $11 billion ($£5.53 billion) in a first step towards taking control of the eyecare group for up to $40 billion.$

Surf-wear giant Quiksilver to sell Rossignol ski division

Chartreuse & Mont Blanc agrees to buy the flagging winter sports gear maker for $147 million, less than half what Quiksilver had paid for it in 2005. Orange County surf-wear giant Quiksilver Inc. said Wednesday that it had reached an agreement to sell Rossignol, its flagging winter sports equipment division, in a deal valued at $147 million.

John Wood’s ride on oil price wave looks safe for a while

As the price of oil has fluctuated in recent months, so has the share price of John Wood Group, the oil services company. Yesterday’s drop in the share price, despite an impressive set of results, proves, if proof were needed, how closely it is linked to the overall performance of the oil and gas industry in the market.