Asia/Pacific

Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.

Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.

Solaire Casino Resort, which is owned by Bloomberry Resorts Corp, had terminated the management services agreement over the casino with Global Gaming Asset Management LLC.

Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.

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Citing sources who were familiar with the matter, the Financial Times reported that Shanghai has approved six foreign hedge funds to raise money from investors within China.

Bayer said regulators in China were investigating their local office in the mainland for alleged unfair competition practices.

Media reports said US private equity firm KKR was considering an alliance with a Japanese government-backed investment fund for its bid of the healthcare unit of Panasonic.

State-owned 1Malaysia Development Bhd raised the target for its IPO to USD 3 billion, according to a source interviewed by Reuters.

A source told Bloomberg that Japan Display would be holding an initial public offering to raise JPY 200 billion or USD 2 billion.

McDonald's made a buyout offer to Vikram Bakshi as the giant fast food chain planned to effectively settle dispute between the two sides.

According to a regulatory filing with the Hong Kong Stock Exchange, Beijing Enterprises Water Group Ltd. would acquire nine water and sewage treatment projects in China.

Softbank Corp planned to ink a loan agreement with 19 banks tomorrow to refinance its debt when it purchased Sprint Corp in July.

Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.

France-based Societe Generale was the third major bank seeking to sell its private wealth arm in Asia in the last five years.