Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
Asia/Pacific
India Infoline to wind down retail brokerage services
India Infoline, in response to market movement away from equities, is closing down its retail brokerage division.
Mitsubishi Motors Corp seeks funds through public share offer
The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.
Huishang Bank Corp to do IPO in Hong Kong
The current freeze order for domestic IPOs in China forced lender Huishang Bank Corp to list its IPO in Hong Kong's index.
Japan Exchange fell as profits decreased
Japan Exchange fell after expectations were unmet as major stocks pulled down the market. The biggest decline was registered with Asian stocks since August after the forecasts Canon Inc to Japan Exchange Group Inc had frustrated investors at the same time money market rates had urged in the second largest economy in the world.
Latest News
An earthquake with a magnitude of 7.3 hit Japan's east coast early Saturday morning but no immediate land damage was reported.
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
Taurus Wealth Advisors said independent asset managers could see the assets they oversee in Asia rise.
Far East Orchard said it was thinking of listing a real estate investment trust to focus on the hospitality market in Australia.
Canada-based Saputo's bid of USD 432 million had so far bested all other offers for Warrnambool Cheese & Butter Factory Co.
Muddy Waters' Carson Block sent out an email saying that 72% of NQ Mobile's revenues were 'fictitious".
Samsung would be seeking to compete with Google Inc by developing its own version of Google Glass, according to a Korean patent filing.
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
