Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
Asia/Pacific
India's FIPB approves 7 FDIs
Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.
Bank of Japan Buys US$9.5 Billion Japanese Government Bonds
Bank of Japan bought US$9.5 billion Japanese government bonds. The Bank of Japan offered to buy Japanase government bonds worth of US$9. 5 billion. The government bonds had residual maturities from 1 to 10 years.
Asian stocks rose with Europe rally, euro frets
Asian stocks were swept up by Europe's rally while Euro continued to sulk. On Friday, Asian stocks increased as Euro tended its losses. This transpired after Europe's two most influential banks assured venture capitalists.
China Puts Pressure on Singapore's Temasek
China's current slow growth put pressure on Singapore's Temasek. Temasek Holdings Pte Ltd. came under pressure to force the review of its exposure to Chinese banks in the wake of China's current financial and economic conditions.
Latest News
Israel Corp. exercised its rights in TowerJazz, with TowerJazz raising US$22 million in the process.
South Korea is temporarily suspending $7.3 billion fighter jet bidding South Korea announced that they are temporarily suspending the US$7. 3 fighter jet bidding initiated by the South Korea's Defense Acquisition Program Administration (DAPA).
New Century Real Estate Investment Trust raises $87 million from their trimmed IPO New Century Real Estate Investment Trust (REIT) announced that they were able to raise HK$676 million or an estimated US$87.
Egypt stocks soar and debt insurance cost plummet after ousting of President Mursi After the military ousting of President Mohamed Mursi, Egyptian share soared 6% and debt insurance costs plummeted.
Cash crunch in China does not signify banking crisis According to experts, China's financial system is on a healthier trend. The recent cash crunch experienced by the country did not signal any systematic risk.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
3i and Allianz Capital Partners considered putting the auction for Scandlines on hold after failing to agree on a price with the remaining bidder.
The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.
Daiwa House Industry Co. would raise about US$1.37 billion through share sale which would be the biggest stock sale by a property business.
