2014.3
Marubeni pleads guilty to U.S. charges of bribery in Indonesia
Marubeni Corp has agreed to pay $88 million and plead guilty to charges by U.S. prosecutors that the Japanese trading company paid high-ranking government officials in Indonesia to secure a lucrative power project, the Justice Department said on Wednes…
World Bank scornful of Indonesia’s mineral ore ban
The World Bank delivered a blunt assessment of Indonesia ban on mineral ore exports on Tuesday, warning that it would hit trade and government revenue and risked undermining already weak investor sentiment towards Southeast Asia’s biggest economy.
EU, Myanmar to start investment pact talks this week
The European Union will launch negotiations this week for an investment pact with Myanmar, the EU’s top trade representative said on Monday, a deal aimed at giving European firms preferential access to one of Asia’s final frontier markets.
Taiwan ‘checks 7 banks after complaints about yuan losses’
Taiwan’s financial regulators are checking seven banks to see if they properly advised clients about potential risks of currency investments after receiving complaints about losses related to the fall in the Chinese yuan, the Commercial Times newspaper…
Taiwan to evaluate merger of stock exchanges
Taiwan’s finance regulators are planning to evaluate the merger of the island’s main stock exchange and three smaller exchanges, the head of the Financial Supervisory Commission said Monday.
S.Korea c.bank, regulator ‘inspect 4 banks on yuan products’
South Korea’s authorities are inspecting units of four foreign banks over a spike in yuan holdings, regulatory sources told Reuters on Wednesday, reflecting Seoul’s concern about potential risks posed by the rapid rise in exposure to China’s markets an…
Daewoo Shipbuilding wins $316 mln LNG vessel order
Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday it has won a 339.3 billion won ($316 million) order to build a liquefied natural gas (LNG) carrier for Russian state-owned shipper Sovcomflot.
Seibu gets approval to list shares
Japan’s Seibu Holdings said on Wednesday it has received approval to list its shares on the Tokyo Stock Exchange on April 23 in an initial public offering that sources said would be worth about $1.8 billion, one of the country’s biggest IPOs this year….
IPO-bound JD.com posted narrower $8 mln loss in 2013
China’s No.2 internet retailer JD.com, Inc, set for a $1.5 billion U.S. initial public offering (IPO), posted a narrower 50 million yuan ($8.07 million) loss in 2013, according to its filing with the U.S. Securities and Exchange Commission.
U.S. exchange-traded funds open up China’s market
U.S. asset managers are eagerly expanding into China’s stock market by launching exchange-traded funds that invest in the country’s locally listed equities, hoping to cash in on the early success of the first of such U.S.-listed ETFs.