Because of the still too expensive low cost iPhone 5C, the share values of Japanese suppliers fell in the market.
Asia/Pacific
iGate has new President and CEO
Ashok Vemuri is iGate's new President and CEO, succeeding deposed CEO Phaneesh Murthy. iGate, the outsourcing firm from India, had recently appointed Ashok Vemuri as its President and CEO effective on September 16.
Societe Generale may sell private banking unit in Asia - sources
According to sources familiar with the matter, French bank Societe Generale was considering on selling its Asian wealth arm based in Singapore.
Sharp will raise USD1.7 billion to turn itself around - sources
Sources told Reuters that electronics maker Sharp Corp. would be raising USD1.7 billion to keep itself afloat until the end of the business year in March next year.
UltraTech to acquire JP’s Gujarat cement plants
UltraTech had agreed to buy Gujarat cement plants from Jaypee Cement Corp. valued at INR3.8 billion.
Latest News
The recent launch of the iPhone 5S and 5C cost about USD200 more in China than in the United States.
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
Sheryl Sandberg met with the State Council Information Office (SCIO), an Internet regulator, in China yesterday.
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
A survey showed that buyers of distressed debt in Australia favored soured loan acquisitions from smaller firms.
Toshiba Corp announced today that it would acquire a majority stake in Vijai Electricals priced at around USD200 million.
The Reserve Bank of India (RBI) allowed local banks to borrow overseas up to 100% of their Tier I capital.
Instead of raising funds through the Dim Sum bond market, foreign companies in China opt for cross currency swaps to raise funds for operations.
SZITIC Commercial Property Ltd had prepared plans to undertake an IPO in the Hong Kong bourse worth around USD1 billion.
