IPO candidate Resourcehouse Ltd said it believed it had signed a binding $60 billion coal sales deal with China Power International Holding Ltd, though the Chinese company said it was "just a framework".
Germany's multi-year reign as the world's No 1 exporter is officially over, with the crown formally passing to rising China after new figures showed that German exports slid by nearly a fifth in 2009, the biggest decline in 60 years.
Ford Motor Co and Zhejiang Geely Holding Group Co are unlikely to sign a deal on the sale of the US automaker's Volvo unit by the start of the Lunar New Year on Feb 14.
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