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Economy 07 Jan 2014 | 5:05 PM

China to allow fully private banks this year

China will allow three to five fully private banks to be set up this year as part of efforts to further open up the sector, the banking regulator said.

Business 31 Dec 2013 | 6:54 AM

Asia Pac syndicated loans hit record US$462bil

HONG KONG: Syndicated lending in Asia Pacific (excluding Japan) hit a record high of $462 billion in 2013, showing an increase of 51 percent on $307 billion in 2012, as demand from Chinese companies doubled, according to Thomson Reuters LPC data.

TECH 27 Dec 2013 | 10:52 AM

China approves pilot to open mobile telecoms market, boost competition

China has approved a pilot scheme allowing private companies to piggy back on the country's three dominant telecommunications providers to offer own-brand mobile services

Business 21 Dec 2013 | 7:23 AM

2013 has been biggest for equity fundraising globally since 2010

LONDON/NEW YORK/HONG KONG: This year has been the biggest for equity fundraising globally since 2010, thanks to improving confidence among companies on the back of the strong investor demand for stocks, according to Thomson Reuters data published on Friday.

Economy 20 Dec 2013 | 4:26 PM

New securities watchdog in HK to target corporate fraud

Hong Kong's securities regulator has set up a task force to detect fraud by listed companies, extending its increasingly muscular approach into an area traditionally overseen by the city's stock exchange.

Economy 20 Dec 2013 | 11:38 AM

Asia Pacific ECM shrink again in 2013, rebound seen next year

Equity capital markets in the Asia-Pacific ex-Japan region shrank for a third consecutive year in 2013, hurt by a downturn in India and slower activity in mainland China.

Lifestyle 16 Dec 2013 | 12:00 AM

No flop

Two brothers orphaned by the tsunami set up a flip-flop business to help children.

TECH 12 Dec 2013 | 11:16 AM

Google feeds India and China from datacentres next door

Google Inc opened its first two datacentres in Asia on Wednesday to cater to the world's fastest growing consumer technology markets, but the company has no plans to open one in China or India.

Business 10 Dec 2013 | 6:59 AM

Deals of the day-mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

Business 10 Dec 2013 | 12:00 AM

Haier teaming up with Alibaba

HONG KONG: Chinese appliance maker Haier Electronics Group Co Ltd agreed to team with e-commerce giant Alibaba Group to further develop its logistics business. The news sent Haier Electronic’s stock to a 14-year high.