RTP

The Treasury Department has said that the GM IPO would be open to investors from both inside and outside the U.S. One of the largest car companies in China, SAIC, may want in.

Like many other institutional investors, China's sovereign fund pushed much of its asset base into cash during the market downturn. That hurt the hedge funds where much of that money had been placed and industries that the Chinese had begun to invest in around the world. China is beginning to...

For weeks China has claimed that four Rio Tinto (RTP) executives engaged in espionage to get secrets about Chinese iron ore prices. One wild claim was that the espionage cost the world's most populous nation over $100 billion. Once it became clear that the figure was impossibly high, it was...

The clash between Chinese companies and the governments in countries where China is shopping for assets has heated up recently -- and it is likely to get much worse. The U.S. effectively blocked a takeover of 3Com by Bain Capital and Huawei Technologies. Some of 3Com's assets were deemed...

Compared to the frenzied deal-making pace of 2006 and 2007, mergers and acquisitions have slowed significantly this year. It's not surprising: In tough times, companies are less certain about their strategic direction and less likely to get the credit they need to follow through on an acquisition....

China is detaining four employees of metals giant Rio Tinto (RTP). The nation claims that the employees spied on secret information about China's steel industry. Rio Tinto sells iron and other key mined commodities to the mainland. The odd part of the detentions is that China has not provided...

There have been several reports that Beijing Automotive will make a bid for General Motor's Opel division. Canadian parts company Magna has been considered the front runner to get the GM operation. Because Beijing Automotive is owned by the Chinese central government, it has access to nearly...

Metals and mining giant Rio Tinto (RTP) will walk away from a multi-billion dollar investment from China's Chinalco. Instead of closing its transaction with the mainland-based company, it will raise money and form a venture with rival BHP Billiton (BHP). Chinalco would have put $19.5 billion into...

Goldman Sachs Group Inc. (GS) is due to hold a call to answer questions about its trading relationship with American International Group (AIG). GS has drawn some scrutiny after it was discovered $13 billion of the AIG's bailout money actually went to it. Palm (PALM) reported Thursday that its net...

Alcoa Inc. (NYSE: AA) caught a huge break in the Rio Tinto deal. It sure can use it. The Pittsburgh-based aluminum producer agreed to exit a special purpose entity it formed last year with Aluminum Corp. of China, or Chinalco, to buy shares of Rio Tinto. Chinalco, which is investing $19.5 billion...