Equity News
Rio Tinto drops Chinalco bid, announces new deal
Rio Tinto announces a $15.2 billion rights issue and a joint venture with BHP Billiton, scuttling a proposal by Chinalco to invest $19.5 billion in the natural resources company.




Equity News
China Resources Power kicks off rights issue
The deal is underwritten by the parent company and, at $760 million, marks the largest rights issue by a Chinese company so far this year.


Equity News
Smart Rich secures funding for Indonesian mine purchase
The Hong Kong-listed company raises $507 million from private and cornerstone investors as part of a transformational deal that will make gold and silver mining its core business.




People Moves
Standard Chartered hires Law from Morgan Stanley
The Dubai-based banker is hired to head client coverage in the Middle East and North Africa, one of Standard Chartered's most profitable and high-growth regions.


Editor's Desk
Dealogic league table roundup, June 5
Goldman Sachs jumps to the top of the equity league table following ICBC's share sale.