The Central Bank of China said last Sunday that it would keep policy steady to cope with economic uncertainties.
Asia/Pacific
NZ's Meridian IPO well received
According to a statement from NZ Finance Minister Bill English, nearly half of the IPO shares in Meridian Energy was already spoken for by New Zealand brokers.
CSRC ends 18-year Treasury bond futures trading hiatus
China Securities Regulatory Commission had ended an 18-year trading hiatus on Treasury bond futures, said a Bloomberg report.
RBI says banks to pay for credit card scam
The Reserve Bank of India had refused to give extended deadline for banks to upgrade their security features to protect cardholders from credit card frauds.
Axis MF set to make profit for the year
Axis MF, the fund management firm backed by Axis bank, is projecting to be in the black for the year because of its diversified offers.
Latest News
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
The Shanghai free trade zone is a testing ground for finance and economic policy in China. Shanghai's free trade zone would have Citigroup Inc and Bank of China Ltd as participants in the eleven square mile experiment.
Videocon Group Chairman Venugopal Dhoot confirmed that its West Bengali project would commence by the end of 2013.
Consumer goods conglomerate PepsiCo appoints new AMEA CEO in Sanjeev Chadha. PepsiCo Inc, the US based softdrink giant had announced its appointment of its new CEO for Asia, Middle East and Africa, Sanjeev Chadha to be made effective immediately.
A joint venture firm of gaming tycoons Lawrence Ho and James Packer would be investing more than USD 5 billion to build a casino resort in Japan.
NALCO, through a plan unveiled at its annual general meeting, would expand and invest in the energy, non-ferrous and other sectors.
According to AirAsia CEO Tony Fernandes, the MoU signed by Tata and Singapore Airlines is a 'non-issue'.
High end brand Massimo Dutti was given permission by the Foreign Investment Promotion Board to set up shop in India.
Sources told Reuters that the United Overseas Bank of Singapore and the Australia & New Zealand Banking Group was contemplating a bid for Wing Hang Bank.
