Asia/Pacific
Mayur Nallamala is new RBC GAM Asian equities head
The Royal Bank of Canada Global Asset Management unit named Mayur Nallamala as its new Asian equities head.
LIXIL Corp completes acquisition of ASD Americas Holding Corp for USD 542 million
Japanese group LIXIL Corp completed its purchase of ASD Americas Holdings Corp for USD 542 million.
PBOC says trust loans to be included in its database
China's central bank said it would include all loans issued by trust companies in its database in an effort to curb risky lending.
Chinese coal firm plans on USD 160 million bid for Inova Resources Ltd
A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.
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Trina Solar reported increase in sales as high demand for products developed in China and Japan. China's Trina Solar Ltd increased its forecast for panel shipments this year as sales in its own country increased.
Vietnam announced plan to ban free chat applications to protect network providers in the country. The Vietnam government proposed a possible prohibition of free Internet chat applications.
Everbright Securities Co. faced a three month restriction on joining any property trading after it erroneously priced government bonds worth CNY10 million.
Baring Private Equity Asia is planning to buy shares in Indian software company Hexaware Technologies.
Indonesia's two main state pension funds increased their stock purchases, which helped pare losses for Jakarta's battered share prices.
Australian manufacturers underwent change in level of operations. The manufacturing industry was far from dead in the country down under. The face of the Australian manufacturing sector has been deemed not dead, just changing.
As Manila is flooded due to nonstop rains brought by the monsoon weather, large and small-scale businesses are left to deal with its aftermath.
Bayer Healthcare said it received approval to market its cancer treatment Stivarga in Japan. Bayer Healthcare announced it had received regulatory approval to market its cancer drug Stivarga in Japan.
Torrential rains and flooded caused PSE to postpone trading for two consecutive days. The Philippne Stock Exchange (PSE) announced earlier today the postponement of trading.
Private equity firms in China scrutinized on competency for international ventures. China's private equity firms are catching the attention of the financial industry.