Itochu, CP Group reportedly in talks to invest in CITIC

Dec 5, 2014

Itochu, CP Group reportedly in talks to invest in CITIC

Itochu Corp. and Thailand’s Charoen Pokphand Group are in talks to invest jointly in CITIC Ltd., the main listed unit of China’s first state-owned investment corporation, people familiar with the matter said. The companies are still waiting for regulatory approval from Chinese authorities, one ...

Nov 17, 2014

Jalux, Mitsubishi to run airport in Myanmar

A joint venture mostly owned by Japanese trading houses Jalux Inc. and Mitsubishi Corp. has signed an agreement to operate Mandalay International Airport in Myanmar, the transport ministry said Monday. The joint venture, MC-Jalux Airport Services Co., owned 45.5 percent each by Jalux and ...

Nov 17, 2014

Japan to provide $55 million for Asia development

Finance Minister Taro Aso said Japan will provide $55 million to help promote infrastructure investment in Asia and other parts of the world. Of the total, $40 million will be contributed to a new fund planned to be set up by the Asian Development ...

Nov 13, 2014

Core machinery orders rose 2.9% in September

Core private-sector machinery orders rose a seasonally adjusted 2.9 percent in September from the previous month to ¥831.6 billion, the government said Thursday, indicating a pickup in capital spending after the plunge following the April consumption tax hike. The orders, excluding those for ships ...

Top finance officials in G-20 grapple with weak growth

Oct 11, 2014

Top finance officials in G-20 grapple with weak growth

Finance ministers from the world’s largest economies said Friday they are determined to prevent a slide into another global recession, but a top U.S. official expressed frustration that a number of major economies were not doing enough to increase growth. After two days of ...

Hong Kong, the golden goose Beijing cannot sacrifice

Oct 9, 2014

Hong Kong, the golden goose Beijing cannot sacrifice

Hong Kong’s democracy protests have stoked fears of retribution from China, but observers say the city is simply too valuable to punish and sideline even though it faces a challenge in the long term from mainland rival Shanghai. Demonstrators, sometimes numbering in the tens ...

Oct 7, 2014

Obama upbeat on tougher bank rules progress

A year after prodding financial regulators to act more swiftly to rein in Wall Street, President Barack Obama on Monday claimed progress in toughening banking rules but urged bank overseers to consider additional ways to prevent the kind of risk-taking that precipitated the 2008 ...