The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
Asia/Pacific
Top Japan Equity Strategist hired by Barclays for research
Ex-Morgan Stanley Hajime Kitano was hired as an equity strategist at Barclays Securities Japan Ltd. Barclays Securities Japan Ltd. Kazutoshi Ohkubo told Reuters in a phone interview that former Morgan Stanley Japan equity strategist Hajime Kitano would join the UK bank in Tokyo today.
Indofood to make bid for Minzhong
Indofood Sukses Makmur Tbk PT has been considering a hostile takeover of Singapore-listed China Minzhong Food Corp Ltd after a short-seller attack decreased the Chinese food producer's market value.
Everbright senior executives resign after insider trading allegations
Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
Etihad still waiting regulatory clearance for USD600 million Jet Airways deal
Etihad plans to invest USD600 million in Jet Airways after approval from Indian authorities. Etihad extended the regulatory clearance deadline of its USD600 million deal with Jet Airways.
Latest News
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
Ironridge Global Partners LLC establishes China fund to invest in Chinese midcap companies or US firms doing business in China.
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
The PCCI said that Indonesia had invited Filipino investors to invest in Amurang City's infrastructure and transportation sectors.
According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.
Securities brokerage firm Everbright would be facing a bleak future as China Securities Regulatory Commission (CSRC) handed down a CNY523 million (USD85.5 million) fine and corporate suspensions for insider trading.
The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.
