The contraction of the economy and cash shortages have been stretching the management abilities of the newly installed leadership of the Chinese Communist Party.
Asia/Pacific
NZ's Synlait Milk to raise NZ$120 mln in IPO
New Zealand's Synlait Milk Ltd. planned a share sell off and an IPO to raise a total of NZ$120 million making it end the majority stake held by China's Bright Dairy.
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.
Latest News
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
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.
