The corruption trial of former politician Bo Xilai showcased the extent and pervasiveness of corruption in China.
Asia/Pacific
RBI to scrutinize pending foreign deals
The Reserve Bank of India would scrutinize pending foreign deals after the steep fall in rupee's value.
China regulators seek confessions from foreign companies
Chinese regulators sought confessions from foreign companies regarding any committed antitrust violations and warned them about hiring external lawyers to fight the said accusations.
Hinduja co-chairmen lauds Indian Finance Minister
Hinduja co-chairmen Gopichand and Srichand Hinduja had issued a laudatory statement to the Finance Minister's reassurances.
Wells Fargo plans Asia expansion of fund services customers
Wells Fargo said it had intended to expand its fund services clients in the Asian region by as much as 20% a year.
Latest News
Sources said KKR agreed to buy 63% in Australian healthcare operator GenesisCare. Sources told Reuters that private equity firm Kohlberg Kravis Roberts & Co (KKR) had approved a stake purchase in GenesisCare.
Air strike exchanges between Israel Defense Forces (IDF) and the Palestinian Front for the Liberation of Palestine had hinted more violent exchanges.
KV Asia Capital raised USD 263 million for Fund I. Singapore-based private equity firm KV Asia Capital said that it was able to raise capital commitments worth USD 263 million for its first fund.
Extraordinary Chambers in the Courts of Cambodia (ECCC) was to receive USD4 million as part of the international donor component of its finances.
Startup company Slice received USD23 million in Series B funding from Japan's Rakuten, among others.
Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.
Sources said that the most likely bidders for Panasonic’s healthcare unit are KKK, Toshiba Corp and a consortium led by Bain Capital.
Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.
China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.
