David Ryan News
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First Quantum Minerals Ltd. will meet Inmet Mining Corp. investors to seek to win them over to its C$5.1 billion ($5.2 billion) takeover offer for the company after the target’s management this week rejected the approach.
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Leucadia National Corp., Inmet Mining Corp.’s largest shareholder, plans to tender shares in the Canadian mining company in support of First Quantum Minerals Ltd.’s C$5.1 billion ($5.2 billion) hostile bid for Inmet.
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Yusuf Alireza, who was promoted to co-president of Goldman Sachs Group Inc.’s operations in the Asia-Pacific region outside Japan in January, is leaving after 19 years with the company, according to an internal memo.
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Goldman Sachs Group Inc., the first Wall Street firm to win an underwriting license in China, is sitting out the world’s busiest initial public offering market.
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Singapore Airlines Ltd. is being sued by a man after another passenger’s bag from an overhead compartment fell on his head during a flight in 2007, Today reported. Mark David Ryan, who had to undergo neck surgery after the accident on board a flight bound for Hong Kong, is claiming more than S$60,000 ($43,500) in medical expenses incurred so far, the newspaper said, citing court documents filed. Ryan is also seeking damages for pain and suffering, loss of future earnings and earning capacity as well as future medical and transport costs, according to the report. Singapore Air, represented by Rodyk and Davidson’s lawyers, is disputing the claim and Ryan’s version of events, saying it had taken all necessary measures to ensure the safety of its passengers, the newspaper said.
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Goldman Sachs Group Inc. named Matthew Westerman and Dan Dees co-heads of its investment banking division for Asia outside of Japan.
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Goldman Sachs Group Inc. brought back Mark Schwartz to run its Asian business from Beijing, after an 11-year hiatus during which he ran George Soros’s hedge-fund group and started an investment firm with Raj Rajaratnam.
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Transurban Group , Australia’s biggest operator of toll roads, returned to full-year profit on an increase in toll revenue and cost cuts.
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U.S. Treasury Department officials met in November with a group of Goldman Sachs Group Inc. executives to discuss Fannie Mae and Freddie Mac , the two government-sponsored enterprises that have been under government control since 2008.
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Transurban Group has a “clear view” of the long-term value of the company and a takeover bid from its three biggest shareholders didn’t reflect its growth prospects, the Australian toll-road operator said.
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