Oil exports to China from Russia increase for loan funds. With the forthcoming deals to be signed in the next few weeks, Russia would catapult China to become the country's top recipient of oil exports from the former Soviet Republic.
Asia/Pacific
Lion Air Order Second Batch of planes
Lion Air, going full blast on its expansion in Asia, orders a new batch of planes from Airbus. Lion Air's recent aircraft orders underscore the plans that the Indonesian consortium is planning to become as the largest pan-Asian low cost carrier.
Trends Indicate Many Issues with Markets
The slowdown in world markets and the decline of the US Dollar value against other currencies is a recipe for problems post 2008.
India Deregulates FIIs Bonds
India eases its restrictions on foreign institutional investors or FIIs for bonds issues in the country.
US Leads M&A Charge as Doldrums Hit Europe and Asia
The US, with its latest megadeals, lead the volume in mergers and acquisitions, overshadowing the bleak future of Europe and Asia.
Latest News
Clean Seas Tuna admits losses asks for trading halt. Troubled aquaculture firm Clean Seas Tuna has opted to halt stock trading at the bourse because of a pending announcement as to capital fundraising plans for the company.
Terms on the purchase of Sleek Group by Asian Paints undisclosed. In a recent move, Asian Paints recently purchased 51% of the Sleek Group. This is in pursuit of its exploration of the home improvement market opportunities through the one of the top firms in the modern kitchen space market.
Elder and Kose form joint venture for Indian cosmetic market. Elder Pharmaceuticals has formed a joint venture with Kose Corp of Japan for the manufacturing and sale of cosmetic products in India.
Lonely Planet was sold for Aus$75 million. BBC's commercial arm, BBC Worldwide has decided to sell Lonely Planet, the travel guide business show, to Nashville based media group, NC2.
SBI receives government funds for capitalization. The State Bank of India confirmed reports that it had received Rs3,004 crore from the government as part of the plan to recapitalize state run financial institutions.
CBQ purchases majority stake in Turkish lender Alternatifbank. In a move showing Gulf interests expanding overseas, the Commercial Bank of Qatar has purchased 70.
BGI-Shenzhen acquires Complete Genomics after regulatory approvals from China and the US were obtained.
The Philippines is moving from foreign debt dependence to local debt raising through auctions. The Philippines' Bureau of Treasury would boost domestic bond sales to raise nearly all of its debt requirements in the wake of record low interest rates and an increasing value of the peso.
Ambow speculative bid for New Oriental spikes shareholder values. The share value of New Oriental Education and Technology Group Inc jumped the largest since July 2012 as a speculative bid by Ambow Education Holding Ltd was said to be on the table.
