Pacific Investment Management Co. sees a 2014 boom in issuance outside the mainland by Chinese companies, driven by a record amount of Dim Sum bonds set to expire and a cash crunch in domestic markets.
Oil & Natural Gas Corp., India’s biggest explorer, is seeking to raise its stake in a Brazilian oil field that’s also the subject of a bid by China’s Sinochem Group, said two company officials with knowledge of the matter.
Sinochem Group, China’s biggest fertilizer trader, considers even a $10 billion bid for Potash Corp. of Saskatchewan Inc. by itself as too much, Caijing magazine said, citing Han Gensheng , the company’s vice president.
Billionaire brothers Shashikant and Ravikant Ruia, who run India’s second-biggest oil refinery, will increase fuel sales at home as capacity additions in China and the Middle East shrink export margins.
Potash Corp. of Saskatchewan Inc. , the fertilizer producer seeking to fend off a hostile takeover bid from BHP Billiton Ltd. , said it began talks with other companies on alternatives to the $39 billion offer.