Korea M&A Corporation

Credit Agricole SA (CAGR.PA: Quote, Profile, Research) will pay $570 million to lift its stake in Japan's Resona Holdings (8308.T: Quote, Profile, Research) to nearly 4 percent, as the French bank looks to build up its presence in the world's second-largest economy. Credit Agricole, which has been working with Resona since 2002, will buy 50 billion yen ($570 million) worth of Resona's common sha..

SYDNEY, Dec 18 (Reuters) - China's steel industry extended its reach into Australia's rich iron ore mines on Thursday as No. 3 mill Wuhan Iron & Steel (Group) Co agreed to buy half of five projects owned by Centrex Metals Ltd (CXM.AX: Quote, Profile, Research) for $126 million. Wuhan, an integrated steelmaker that already operates iron ore mines in China, will also pay an additional A$9.7 millio..

China Investment Corp. Chairman Lou Jiwei said he wouldn’t “dare” invest the sovereign wealth fund’s money in foreign financial firms after losing $6 billion on stakes in Morgan Stanley and Blackstone Group LP. “I don’t dare to invest in financial institutions now,” Lou said today at a conference in Hong Kong. “The policies of the developed nations on these institutions are not clear. Until they..

Intel, the world’s largest chip maker, records most of its profit from its core business, the microprocessors that serve as the brains of most computers. But the company’s side venture in flash memory — which is used to store songs on digital music players and photos on digital cameras — has been another story. Although Intel does not disclose financial details of the business, flash-based stora..

PARIS, December 2, 2008 /PRNewswire-FirstCall via COMTEX/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that it has been selected by China Telecom, China's leading telecom operator, to provide end-to-end communication solution for China Telecom and increase the capacity and coverage of its mobile voice and data network throughout the country. The contract was secured through A..

YTL Power International Bhd., a Malaysian utilities company, agreed to buy Singapore power generator PowerSeraya Ltd. from Temasek Holdings Ltd. for about S$3.6 billion ($2.4 billion). YTL Power will also take on S$201 million of PowerSeraya’s debt, Temasek, Singapore’s state investment company, said in an e-mailed statement today. The transaction is due to be completed early next year. Temasek ..