Asia/Pacific

Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.

Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.

As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.

The creation of the USD30 million seed-stage fund was to support entrepreneurs outside South Korea in their startups.

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Sources told Bloomberg that Singapore-based Oversea-Chinese Banking Corp was reviewing a bid for Hong Kong-based Wing Hang Bank.

Sun Life Everbright Insurance Co, the joint venture firm between Canada-based Sun Life Financial and state-controlled China Everbright Group, would turn a profit by 2015.

Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.

Like other foreign firms, CCTV zeroed in on alleged failures of Samsung Galaxy S and Note series smartphones due to alleged memory chip failures.

As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.

Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.

HSBC Holdings plc failed to obtain regulatory approval from the State Bank of Pakistan to sell its banking business in Pakistan.

Leung Chun-ying and the government of Hong Kong would be pressured to maintain its consistent positive economic growth amidst a property bubble at home and changes in foreign economic policies.

People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.

Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.