Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Asia/Pacific
Suntory Set to Price Up to US$4.8 Billion
Suntory Holdings Ltd's food and soft drinks unit was set to price on Monday hoping to raise as much as US$4.8 billion.
Birla's Daughter Leads Father Into Microloans
Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.
Echo Unveils US$1 Billion Sydney Casino Plan, Including Crown Option
Echo Entertainment submitted plans valued at US$1 billion for expansion. (Photo : Reuters)The image shows people playing in a casino. Echo Entertainment, an Australian gaming firm has submitted plans for a US$1 billion expansion.
Rio Tinto to hang on to its Diamond Business
Rio Tinto decided not to sell its diamonds arm with the company's CEO stating that the firm is well positioned to capitalize its unit on the positive market outlook.
Latest News
Taiwan approves several foreign investments and local investors' attempt at China. (Photo : Reuters)The image is the Taiwanese flag unfurled over the business district.
Beijing Automotive established BAIC International Development Co to lead overseas acquisitions. (Photo : Reuters)The image is a snapshot of a Chinese roadway.
Japan planned to limit spending excluding payment of debts for the next two fiscal years. (Photo : Reuters)The image shows a man passing by the electronic board that displays Nikkei shares closing prices.
Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
Stock markets from Asia and Australia prepared for a decline after the United States began to withdraw stimulus.
Investors are pulling back from placing bets on emerging markets due to risks brought about by China.
Foreign banks recently invested in many local companies pushing the country's merger and acquisitions march forward.
SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.
According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.
