News

China Construction secures shareholders’ nod

China Construction secures shareholders’ nod

Lender targets $11bln from 630mln shares in Shanghai and 15.7bln shares in Hong Kong.

World Bank to grant $1bln loan to India

India seeks amount to recapitalise its PSUs after receiving $2bln last year.

HSBC inaugurates flagship centre to support SMEs

Lender posted 42% increase in lending to SMEs and 22% growth in deposits.

Archer Daniels Midland to invest in AgBank IPO

The US food giant will invest $200mln alongside Qatar and Kuwait sovereign investment funds and Standard Chartered.

Rabobank divests $213mln stake in Yes Bank

Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.

China's BoCom earns $2.5bln in rights issue

Lender still needs $2.34bln to achieve $4.84bln target for combined Shanghai and Hong Kong rights issue.

Huijin supports CCB's rights issue

Parent Huijin's announcement precedes CCB's shareholder meeting tacking to push through with the $11bln fundraising plan.

Bank Panin owners terminate plans to sell lender

Bids were lower than expected as Gunawan family eyes offers at 3 times book value.

KB Financial needs 2 years to consolidate lenders

Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.

MBK Partners emerges as sole bidder for KEB

Fund is the only bidder that submitted proposal of $4bln as rivals offered less than $3.3bln.

44% of Asian insurers still optimistic

Some parts of the world may have experienced a global downturn but Asia's insurance business remains largely unaffected by the economic crisis.

Agricultural Bank to receive Qatar and Kuwait investments

Middle East countries pledge $3.6bln investment in AgBank while Qatar Holding expands portfolio in China.

ANZ establishes underwriting unit in the Philippines

ANZ authorised by SEC to engage underwriting of government and corporate securities in the country.

Malaysia grants Mizuho approval for banking licence

Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.

US Export-Import Bank to finance Indonesian banks

11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.

Standard Chartered strikes deal with China’s Agricultural Bank

MoU enabled lenders to work in wholesale and retail banking operations starting in Hong Kong.

National Australia Bank rejects reports of UK pullout

Optimism on Clydesdale operations continues despite distressed British economy and Fitch’s comment that maintenance serves risk.