Global news and insight for corporate financial professionals
CHINA Keeping busy: China's policymakers are moving fast to maintain domestic economic activity as global growth ebbs. Following years of double-digit growth in its gross domestic product, China’s economic growth came in at a weaker-than-expected 9% in the ...
CHINA China's exporters are feeling the effects of a global economic slowdown. China’s central bank released three surveys—of banks, consumers and companies—in late September reflecting falling confidence in the country’s economy. According to the survey of companies, ...
INDIA Kingfisher Airlines joins forces with Jet Airways in an effort to cut costs as losses force unprecedented cooperation. Steep losses are forcing a flurry of consolidation in India’s airline industry. With combined losses this year alone ...
INDIA Nano, no? Protests in West Bengal may derail Tata's plans to build the world's cheapest car. According to a survey by consultant KPMG, India’s companies are among the world’s most aggressive in buying companies based in ...
AZERBAIJAN Azerbaijan's pro-business president, Ilham Aliyev. The regulatory reform movement that has been thriving in Central and Eastern Europe in recent years is spreading eastward into Central Asia, with Azerbaijan taking the title of the world’s ...
CHINA Slowdown: Automakers are seeing sales growth tail off in China. China’s consumer price index (CPI) grew by only 4.9% in August, its mildest pace in more than a year, and export growth slowed to 21%, according to ...
ECONOMIC UPDATE / CHINA As the dust settles after the Olympic games, China is facing a less certain economic future. Relentless progress: Construction work in Beijing's booming central business district. China opened the 29th Olympic games on August ...
COMPANY TO WATCH: INFOSYS TECHNOLOGIES/INDIA Infosys Technologies, India’s second-largest IT services provider, announced a $755 million cash deal to buy UK-based Axon, which advises companies on installing business software created by SAP of Germany. If the transaction is completed, it ...
CHINA’S AUTO MARKET REMAINS IN FAST LANE COMPANY TO WATCH China’s love affair with the automobile shows no sign of cooling. The world’s most populous country is also the fastest-growing new-car market, with sales increasing at a rate ...
China opened the 29th Olympic Summer Games in Beijing on August 8 with a ceremony incorporating 15,000 performers and 29,000 fireworks shells and attended by US president George Bush, French president Nicolas Sarkozy and other world leaders. China spent a ...
INDIA Manmohan Singh: Has more scope to enact reforms. India’s ruling coalition, the United Progressive Alliance (UPA) led by Manmohan Singh, survived a vote of no confidence in late July after the three communist parties in parliament said ...
TWO STEPS FORWARD, ONE STEP BACK COUNTRY REPORT / INDONESIA Indonesia has made great improvements recently but some persistent problems are still holding it back. Clear skies ahead? Jakarta has worked hard to improve access for foreign investors. ...
SOUTH KOREA Lee Myung-bak: Beef deal sees president's approval rating plunge. Lee Myung-bak, the former Hyundai executive who was elected president of South Korea by a landslide last December, refers to himself as “CEO of Korea.” His ...
COMPANY TO WATCH: PT ADARO ENERGY/INDONESIA Jakarta-based PT Adaro Energy, the holding company of Indonesia’s second-largest coal producer, raised $1.32 billion in the country’s biggest initial public offering ever by selling 34.8% of its share capital. PT Danatama ...
NEWS KSK Emerging India Energy Fund (KEF) raised $200 million in June on London’s Alternative Investment Market (AIM). It was the fourth India-focused company to raise funds on AIM in as many weeks. The equity offering came at ...
INDIA/UNITED STATES Global Finance's sponsored charity, Amrit Davaa, delousing children at Manjushree orphanage. In early June Global Finance’s partner charity Amrit Davaa embarked on its second mission to Tawang, a ...
INDIA RBI governor YV Reddy may tighten interest rates. Indian banks have continued to grow credit at a very rapid pace since the start of the new fiscal year on April 1. ...
A GIANT COUNTRY WITH GIANT CHALLENGES COUNTRY REPORT / KAZAKHSTAN Vast hydrocarbon reserves and financial regulators known for their toughness are helping Kazakhstan ride out an abrupt economic slowdown and a housing crunch. Kazakh president Nursultan Nazarbayev at the opening ...
CHINA Fuel up: China's rising inflation rate is causing official concern. China and Taiwan agreed in June to open representative offices in each other’s capitals to promote better communication between ...
CHINA China's president Hu Jintao aims to improve relations with Japan. Rescue workers on May 14 reached southwestern China’s Weixian county, the epicenter of an earthquake that shook cities across Asia and damaged 70% to 80% of ...