Indan government quietly began preparing the ground for a new push to open up India's $450 billion retail sector to foreign firms.
Asia/Pacific
Hong Kong, China bourses to develop cross-border products, services
Hong Kong Exchanges Clearing Ltd (0388.HK) (HKEx) is forming a joint venture with mainland Chinese exchanges to develop index-linked and equity derivatives products in a sign of growing cooperation in the region.
Energy firm Interra eyes output boost in Myanmar
Singapore-listed oil and gas firm Interra Resources Ltd aims to aggressively develop its two onshore oil fields in Myanmar and is eyeing new oil and gas blocks slated to come up for tender this year.
China unveils new policies for Hong Kong ahead of anniversary
Beijing will promote the further development of the offshore yuan market in Hong Kong as part of a new package of policies for the territory.
Rupee slump deepens India private equity quagmire
Global private equity funds, which poured tens of billions of dollars into India investments when the economy and currency were flying high a few years ago, may be stuck with those holdings much longer than planned as the rupee's plunge plays havoc with their exit options.
Latest News
Commodities trader Louis Dreyfus is buying a smaller-than-anticipated slice of Malaysian palm oil firm Felda Global Ventures Holding's (FGVH.KL) $3.1 billion IPO but sealed a deal to market the company's palm oil.
China will open up its public utilities to private investment as part of the current privatisation drive to bolster economic growth.
KKR has reached a first close of $3 billion for its $6 billion Asian fund. KKR & Co LP is setting up its first deals team in Singapore as the U. S.
News and developments in Asia private equity from Reuters News for the week ending June 15. News and developments in Asia private equity from Reuters News for the week ending June 15.
China's National Social Security Fund (NSSF) saw its annual investment return tumble to 0.8 percent last year, from 4.2 percent in 2010.
Sovereign wealth fund Kuwait Investment Authority (KIA), money manager BlackRock Inc (BLK.N), and twenty other cornerstone investors will buy around 62 percent of Malaysian firm IHH Healthcare's up-to-$2 billion IPO.
China's insurance regulator is expected soon to announce policies expanding and diversifying insurers' investment scope.
China's National Social Security Fund will increase investment in private equity funds by more than 50 percent in 2012.
News and developments in Asia private equity from Reuters News for the week ending June 8. News and developments in Asia private equity from Reuters News for the week ending June 8.
