US retailers created a plan to put up a fund worth more than US$40 million for Bangladesh factories.
Asia/Pacific
Chinese banks aggressively lend in early July
Four state owned banks in China aggressively extended Yuan loans that were unusually large causing alarm among regulators who were trying to strangle distorted credit growth.
WP&C annouces partnership with TKTW
Wilson Perumal & Company announced their partnership with The Key To Way. Wilson Perumal & Company (WP&C) announced their newly formed strategic partnership with The Key To Way (TKTW).
Ho to invest in Russian casino resort
Macau's Lawrence Ho to invest in a Russian casino resort Lawrence Ho, the Macau gambling magnate, is set on extending his global reach after two of his companies entered into an agreement to build a new casino resort.
Yum! Brands show profit despite China difficulties
Yum! Brands increased profit numbers despite backlash in China. Parent company of the world famous Pizza Hut and KFC restaurant chains, Yum! Brands Inc.
Latest News
Macquarie announced that they were able to finally close the deal with NG Groep NV Australia's Macquarie Group closed the deal with Dutch financial services firm ING Groep NV in South Korea.
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
The Malaysian budget carrier's shares rose slightly during its trading debut following US $310M IPO.
AirAsia, on Wednesday, completed its IPO netting more than US$300 million. AirAsia X completed its market IPO on Wednesday. The company raised more than US$300 million, according to data sources.
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
India's Flipkart raised US$200 million from a clutch of private equity funds. On Wednesday, India's Flipkart raised US$200 million from a clutch of private equity funds.
ING Group will exit its South Korea-based investment management business to acquire Australia's Macquire.
Asian REITs improved. REITs or real estate investment trusts in Asia are improving. In Hong Kong, the New Century REIT debut with a gain of 0. 6%. This REIT was backed by the Carlyle Group.
According to the Central Bank of the Philippines, foreign direct investments in the country leaped in April.
