Asiamoney - Market Wrap

Market wrap

2010 2009 2008 2007 2006 2005 2004

A week in Asia’s business news

29 Jul 2010 M&A, Stock & exchange, Market wrap
China’s bank regulator warns that 23% of last year’s loans to local government vehicles could go sour, Citic Group looks to IPO in Hong Kong, Panasonic aims to buy out minority shareholders of two entities and New Delhi approves a sale of 20% of its largest electricity grid provider.
A week in Asia's business news

23 Jul 2010 M&A, Stock & exchange, Real estate, Nations & economies, Market wrap
Agricultural Bank of China's IPO debut is disappointing, San Miguel aims to sell a large minority stake in its Pure Foods business, while Fortis Healthcare fights Malaysia's Khazanah for healthcare group Parkway of Singapore.
StanChart hires Welch to head cash equities sales

09 Jul 2010 Broking, Market wrap
The UK bank announced the appointment of Tom Welch as its new global head of cash equities sales. He joins from Deutsche Bank and will be based in Hong Kong.
A week in Asia’s business news

17 Jun 2010 Market wrap
Australia’s three largest miners unify to condemn new mining tax, while Hong Kong’s most expensive property sale falls through. Agricultural Bank of China’s IPO gains sovereign wealth backing, and the Chinese bank also ties up an alliance with Standard Chartered.
A week in Asia's business news

11 Jun 2010 M&A, Stock & exchange, Investment banking, Nations & economies, Market wrap
Japan gets yet another prime minister, Agricultural Bank of China’s huge IPO looks likely to be smaller than expected, AT&T begins talks with Reliance Communications about buying a stake in the Indian company and New Zealand raises interest rates for the first time in three years.
Citi hires new securities and fund services head

08 Jun 2010 Cash management, Interviews, Market wrap
The US bank has appointed Philippe Dirckx from Euroclear Bank as regional client and sales management head for intermediaries and infrastructures Asia-Pacific. It is an area where Citi sees opportunities for growth in a changing market place.
A week in Asia's business news

03 Jun 2010 M&A, Stock & exchange, Energy, Broking, Market wrap
Japan’s prime minister resigns as his popularity plummets, UK insurer Prudential walks away from bid for AIA, Standard Chartered completes offering of Indian Depositary Receipts in Mumbai, and Etisalat looks to buy a major stake in Reliance Telecommunications.
A week in Asia's business news

27 May 2010 Market wrap
China’s president tells the US he favours gradual renminbi currency reform, Prudential’s bid for AIA falls under criticism, Indian billionaire brothers Mukesh and Anil Ambani sign a peace deal, and Singapore sovereign wealth fund Temasek appoints Hsieh Fu Hua as its new president.
Business news: the past week in Asia

23 Apr 2010 Market wrap
India’s central bank raises interest rates and drains liquidity from the system, while Bank of Thailand holds its rates as blasts rock Bangkok. China tightens regulations on property sales, and the nation became Japan’s largest export market in the year to March for the first time.
HSBC names new head of China coverage

21 Apr 2010 Nations & economies, Market wrap
The bank has hired Jane Wang from Nomura as chairman of China coverage and head of corporate finance for the country. HSBC is keen to grow its market share, although it will need to step up to reach its lofty ambitions.
Business news: the past week in Asia

16 Apr 2010 Market wrap
President Hu Jintao says he is committed to changing China's currency policy gradually. Also, Singapore and China report surging GDP growth in the first quarter, Thailand’s PM comes under mounting pressure, and Agricultural Bank of China selects underwriters for its IPO.
A week in Asia’s business news

01 Apr 2010 Market wrap
Two Australian resources consolidation attempts fail, and a major Chinese pension fund looks to invest internationally. Japan sees its largest IPO in years as a life insurance company lists and South Korea is poised to see a similarly gigantic issue from the same sector.
Business news: the past week in Asia

19 Mar 2010 Market wrap
Anti-government riots spill over in Bangkok, Australia’s senate approves laws to strip the ASX of its regulatory function, and Premier Wen Jiabao denies the renminbi is undervalued. Also, S&P lifts ratings on Indonesia and India, and Hutchison Telecom closes in on privatisation.
Business news: the past week in Asia

05 Mar 2010 Nations & economies, Market wrap
Prudential bids to buy AIA, while China Merchants Bank and Bank of Communications plot major rights offerings. Australia and Malaysia hike rates and Nomura conducts its first US dollar bond issue.
Business news: the past week in Asia

26 Feb 2010 Market wrap
BoCom announces plans for a rights issue, while Morgan Stanley moves closer to selling its stake in CIC. Hong Kong said it would raise taxes to deflate a potential property bubble and Dai-ichi Life’s targets what would be the world’s largest IPO this year.
Business news: the past week in Asia

11 Feb 2010 Market wrap
Australia’s richest man gets Chinese funding for a mega-mine, Kirin and Suntory end merger discussions, Temasek launches a new US$4 billion fund, and Taiwan lets its chip- and screen-makers invest more into the mainland.
Business news: the past week in Asia

05 Feb 2010 Market wrap
Australia holds interest rates steady, while Chinese regulators issue a partial ban on listed firms raising capital from equity markets. Also, India’s government starts its divestment drive, consumer prices plunge in Japan and bidders battle to control Siam City Bank.
Business news: the past week in Asia

29 Jan 2010 Nations & economies, Market wrap
Bank of China revealed plans to sell US$5.8 billion in convertible bonds, while Chinese regulators ordered a suspension in new loans. Shares in UC Rusal fell on their Hong Kong debut, while CVC Capital Partners agreed what would be Indonesia’s largest private equity deal.
Business news: the past week in Asia

22 Jan 2010 Market wrap
China's GDP grew at 10.7% in the fourth quarter, raising the liklihood of monetary tightening, while regulators also ordered some China banks to halt lending to rein in credit growth. Japan Airlines filed for bankruptcy protection and SocGen ran into trouble in India’s equities market.
Business news: the past week in Asia

15 Jan 2010 Market wrap
The Obama administration urges other nations to impose a levy on financial institutions. Meanwhile, China sees exports rise and Beijing raises the bank reserve requirement ratio and approves stock market reforms. Also, speculation mounts over the future of Japan Airlines.
Business news: the past week in Asia

08 Jan 2010 Market wrap
Japan’s government names a new finance minister while Beijing edges up local borrowing rates. The Philippines enjoys great demand for its bond reopening, while firms set to list on the ChiNext exchange are enjoying such good demand that the bourse could alter its rules to dampen investor enthusiasm.