Finance Industry Today: Asia Finance News

Russia's new Great Game

13 Oct 2008 10:51 GMT

... buying up international energy assets through sovereign investment vehicles such as Mubadala, Abu Dhabi National ... countrys recent negotiations with Iran and central Asian states such as Turkmenistan fall within this ... Intent on restoring its hegemony in central Asia and surrounding areas, Russia has reached agreements ...

BNP Paribas rebrands its private banking business BNP Paribas Wealth Management

13 Oct 2008 10:51 GMT

... an ability to innovate and offer new investment techniques and products. Wealth Management brand is ... Hungary, the Gulf, India, Greater China, South-East Asia, Latin America), thanks to its close cooperation ... (COO and Risks Functions) et Michel Rouach (Finance & ALM). ...

Hong Kong shares close up over 10 pct amid global bank support measures UPDATE

13 Oct 2008 10:50 GMT

... or 7.44 pct at 21.65 hkd. The finance sector index closed up 2,340.05 points or ... slumping 13 pct on Friday. Ping An Insurance surged 6.4 hkd or 15.96 pct at ... news of its huge loss on its investment in European banking and insurance group Fortis. ...

ICICI Bank credit fundamentals sound: Standard and amp; Poor's

13 Oct 2008 10:43 GMT

... From correspondents in Asia Pacific, 03:02 PM IST Global rating agency ... statement that ICICI Bank continued to enjoy investment grade rating of BBB-/stable/A-3 with regard to ... Bank and Indian banking given by the finance ministry and the country's central bank, the ...

REUTERS SUMMIT-UPDATE 1-Macquarie Wealth plans to hire in Asia

13 Oct 2008 10:43 GMT

... SUMMIT-UPDATE 1-Macquarie Wealth plans to hire in Asia SINGAPORE, Oct 13 (Reuters) - Australia's Macquarie ... said on Monday its recently set-up Asian private banking unit will focus only on ... unit, which now has five client or investment advisers in Singapore, plans to hire three ...

Thailand issues economic package to offset possible global financial crisis

13 Oct 2008 10:43 GMT

... economic measures are to be implemented. The finance ministry has approved increasing the investment amount for retirement mutual funds and long ... encouraging major listed firms to buy back stocks amounting to Bt30 billion. To ensure that ...

What raw milk and the economic meltdown have in common

13 Oct 2008 10:42 GMT

... Collateralized debt obligations based on subprime mortgages have brought America's economy to its knees. ... the balance sheets of far-off European and Asian financial institutions - threatening the same kinds ... Creamy Candy and Cadbury chocolate all around Asia - even in instant coffee and tea ...

Credit Suisse to expand Asia private bank

13 Oct 2008 10:30 GMT

... from riskier assets. Marcel Kreis, head of Asia-Pacific private banking for the Swiss bank, told ... could boost its private banking team in Asia by as much as 80 percent in ... billion of writedowns linked to the subprime mortgage crisis in the United States. Credit Suisse ...

Global stocks shine

13 Oct 2008 10:16 GMT

... The British government announced a $63 billion investment in three major banks. The U.S. Federal ... coordinated action to stem the credit crisis. Finance officials and central bankers have started to ... distressed debt - mostly tied to risky mortgages - from troubled banks. With the bad ...

REUTERS SUMMIT-Credit Suisse sees Asia expansio...

13 Oct 2008 10:15 GMT

... TFN News > REUTERS SUMMIT-Credit Suisse sees Asia expansion plan intact REUTERS SUMMIT-Credit Suisse sees ... three years. But Marcel Kreis, head of Asia-Pacific private banking for the Swiss bank, told ... cash holdings amid extreme market volatility. Higher-risk investment products offer banks more lucrative fees. 'We ...

StockProfiler.US: StockProfiler.US: Todays Stock Watch: CYTK & ELRA

13 Oct 2008 09:51 GMT

... welcomes investors to chat LIVE about these stocks and more on their upgraded website with ... prospective, heavily mineralized mining tenements in South-East Asia and Mexico. Elray Resources, Inc.'s primary objective ... a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please ...

Stocks higher around the world

13 Oct 2008 09:50 GMT

AWS Electronics Continues to Grow

13 Oct 2008 09:50 GMT

... internationally with a targeted presence in South East Asia. To enable the Group to achieve its ... to announce that it has secured an investment in the equity from the private equity ...

WRAPUP 1-Asia acts to bolster markets on cue from Europe, U.S.

13 Oct 2008 09:50 GMT

... WRAPUP 1-Asia acts to bolster markets on cue from ... value so far this year. In India, stocks rallied 7 percent and overnight cash rates ... and increase confidence of depositors and investors,' Finance Minister Palaniappan Chidambaram told a news conference. ...

Africa: World Bank Awards $4 Million to Agricultural Projects

13 Oct 2008 09:50 GMT

... latter has eight projects each, followed by East Asia and the Pacific region with six, sub-Saharan ... co-sponsored by the World Bank, the International Finance Corporation, Bill and Melinda Gates Foundation, the ...