December 30, 2009

Indebted aluminium giant UC RUSAL has secured a member of the Rothschild family as well as one of southeast Asia's richest men as investors in an IPO that banks say could value the firm at up to $25 billion.GMAC Financial Services is close to getting about $3.5 billion in added aid from the U.S. government, on top of the $12.5 billion already received since December 2008, the Wall Street Journal reported.

South Korea's Kumho Asiana Group is set to withdraw the planned sale of Daewoo Engineering & Construction (047040.KS) and have a fund led by its main creditor bank take over the builder, MoneyToday reported on Wednesday.Kumho Asiana Group, South Korea's ninth-biggest business group, has held talks with its leading creditors on ways to ease the debt burden at a few of its main member companies, a top business newspaper reported on Wednesday.