Ambow Education has been ordered liquidated by a Cayman Islands court. (Photo : Reuters)The image is the team logo of Avenue Capital Group. Ambow Education Holdings Ltd of China was ordered by a court to go into provisional liquidation.
Asia/Pacific
Customs: US$386 Million Order against HP India Remains
Hewlett Packard's (HP) Indian unit faced a US$386 million order after the Indian customs department stated that the company has underpaid dues while importing spare parts and other products into India.
Another Asian Supervisor Leaves Providence Equity
Patrick Corso departs Providence Equity, the fourth senior departure in the company since 2008. (Photo : Reuters)The image shows a view of Hong Kong's business district.
SoftBank Mobile Chooses Gemalto TSM
Gemalto was chosen by SoftBank Mobile for the commercial launch of mobile NFC services in Japan. (Photo : Reuters)The image is the Softbank corporate logo on the frontage of its company headquarters.
Infosys Hunts for CEO Non-Founder May Take Over
Infosys, India's second biggest software exporter is said to be globally hunting for a new CEO that is a non-founder of the company.
Latest News
Southeast Asian budget ariline AirAsia mulls over breaking up its joint venture with Japan's All Nippon Airways Co.
Prada is opening at least 80 more stores after having an increase in profit driven by strong sales of its items in Asia.
Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.
Japan's central bank holds back on new measures to calm turbulent markets. (Photo : REUTERS) Central bankers considered the idea to extend the maximum duration of cheap, fixed-rate funds offered via market operations from one year to two years.
Hyundai Rotem IPO is now official. KOSPI gives the go signal for Hyundai Rotem Co's IPO. This forecasts high gains for its majority holders Hyundai Motor and Morgan Stanley.
BOJ's remained static on the issue regarding expanding the monetary stimulus, dissappointing foreign investors leading to a global fall of stocks, bonds, and commodities.
Indonesian stocks fall to a four-month low after the rupiah suffers a setback, falling to its lowest level in three years.
The Australian dollar fell to a three-year low due to the country's slow approval rates on home-loans.
SoftBank Corp. drove the growth of stocks in Asia led by Japan's gradual rise. (Photo : Reuters )Asian stocks declined and the euro plummeted to a three-week low against the dollar as fears of renewed recession in the United States forced investors to sell riskier assets.
