The foreign exchange regulatory agency of China, upon orders of the State Council, has abolished regulations that lead to red tape and promotes non transparency.
Sectors
AirAsia X to Do IPO
AirAsia X, the long haul carrier of the largest budget carrier in Asia, would be doing an IPO. AirAsia X Bhd is starting to feel out investor interest for the initial public offering for the long haul unit of the largest budget carrier in Asia.
Carson Block Betting Against British Bank
Carson Block is on the attack against the debt portfolio of Standard Chartered bank. Carson Block is hedging against the debt portfolio of Standard Chartered Plc, saying that the UK bank is earning most of its profits from Asia due to its loan quality deterioration.
SoftBank President wants Silicon Valley office for Sprint-Softbank merger
Masayoshi Son, Softbank co-founder and President is planning to build a Silicon Valley office for the merged Softbank-Sprint company.
Deputy Head of Investment Banking for Morgan Stanley Leaves Firm
Ji-Yeun Lee, the deputy head of investment banking for Morgan Stanley leaves the firm. The deputy head of investment of Morgan Stanley has left the firm.
Latest News
Bloomberg, in a response to a complaint made by Goldman Sachs, removes reporters access to its terminals.
Fresenius CEO Ulf M. Schneider is on the lookout for deals for the expansion of the German group. Fresenius SE, the diversified healthcare group from Germany, has identified possible firms for ripe for takeovers.
Jack Ma, the Chinese billionaire steps down as Alibaba's CEO. Jack Ma, the Chinese Internet billionaire whose fortune comes from the decade long development of China's largest e-commerce company, the Alibaba Group.
Bloomberg CEO Daniel Doctoroff called the access to journalists fiasco a 'mistake'. Bloomberg LP CEO Daniel Doctoroff said, after receipt of reports that users of the company terminals were investigating potential leaks of information, said that the company committed a 'mistake' by providing journalists access to data on a client's terminal usage.
Sharp delivers screens to both Apple and Samsung, who are locked in a bitter battle, to remain profitable and viable in the new technology market.
The Department of Treasury will sell off its shares in Detroit carmaker General Motors. The US government has sold off a major portion of its shareholdings in General Motors Co.
Gulf coast countries, wary of the Euro Debt crisis and other factors, are choosing to invest at home rather than overseas.
Swiss Finance Minister said that the government would be debating on the issue of bank secrecy on two specific points.
Shanghai Volkswagen would build a 12.08 billion yuan factory located at the Changsa Economic and Technological Development Zone.
