Asia-Pacific

MILESTONES: SINGAPORE / INDONESIA   By Gordon Platt   After portfolio managers removed tens of billions of dollars from Asian equity markets during the sell-off in early autumn, corporate valuations are now highly attractive in some industries and sectors.   Photo ...

INDIAN DRUG MAKER SEEKS TO CASH IN ON GENERIC LIPITOR   By Gordon Platt   Ranbaxy Laboratories, India’s largest pharmaceuticals company, has secured a six-month exclusive right to sell a low-cost version of Lipitor, Pfizer’s popular anti-cholesterol drug, in the ...

MILESTONES: CHINA   By Matt Greco   With an audience as full of Chinese citizens as of Americans, officials from the City of Shenzhen touted its appeal as a center for high-tech investment at a conference in New York City in ...

CHINESE FIRMS HEAD FOR GLOBAL EXPANSION   By Thomas Clouse   Several Chinese companies have picked up assets in overseas markets in recent weeks, with energy and raw material industries leading the way.   Tiangong-1 on the launch pad In ...

DECLINING SALES HIT INDIAN AUTO INDUSTRY   By Aaron Chaze   The Society of Indian Automobile Manufacturers (SIAM) has significantly lowered the growth forecast for car sales in the domestic market for fiscal 2012 from between 10% and 12% to ...

CHINA’S LOFTY AMBITIONS FOR THE RENMINBI   By Gordon Platt   The Chinese government continues to make strides in internationalizing its currency.   Qu, HSBC: Domestic demand should support 8.5% to 9% growth in the coming quarters Every long march ...

Global Finance names the Safest Emerging Market Banks 2011 in Asia NEW YORK, November 3, 2011 — Global Finance magazine ( GFmag.com ) has named the top 10 “Safest Emerging Market Banks in Asia” in an exclusive survey to be ...

YIN AND YANG   By Thomas Clouse   China continues to sidestep major global economic woes, with its growth rate expected to hover close to 10%. However, the country faces its own unique set of challenges in effectively securing continued ...

By Thomas Clouse BANKS BEST CITY COMMERCIAL Bank of Jiangsu Bank of Jiangsu is reportedly awaiting regulatory approval for its much-anticipated IPO, but the Nanjing-based lender has not let the wait impede its efforts to add innovative products and services. ...

By Thomas Clouse COMPANIES AUTOMOBILES Chery International After years of torrid growth, China’s automobile market slowed significantly this year, with light vehicle sales up only 5% year-on-year in the first eight months, according to figures from J.D. Power. Chery International, ...

FOREIGN INSTITUTIONAL INVESTOR FLOWS START TO DECLINE   By Aaron Chaze   Inflation fears, monetary tightening and slowing corporate growth may reduce foreign institutional investor interest.   Reserve Bank of India cites strong outward investment by Indian firms Worries over inflation, ...

NEWSMAKERS: JAPAN   By Thomas Clouse   Yoshihiko Noda became Japan’s sixth prime minister in the last five years after the lower house of parliament voted the 54-year-old finance minister into office on August 30.   Noda is Japan’s sixth PM ...

ASIA Australia   Glenn Stevens Grade: A Glenn Stevens, governor of the Reserve Bank of Australia, has a steady hand and clear policy views when it comes to making monetary decisions at the RBA. At its meeting in August, the ...

INNER GAZE   By Michael Shari   Global food and fuel inflation, undeveloped infrastructure and a correction in emerging markets are leading India to look inward.   It’s not easy to keep a straight face in response to a banker’s ...

THE TIES THAT BIND   By Gordon Platt   Taiwan is expanding its ties to mainland China, boosting its own economic prowess.   Taiwan’s economic ties to China are likely to continue to expand and deepen, no matter the outcome ...

NEWSMAKERS: SINGAPORE   By Thomas Clouse   Former deputy prime minister Tony Tan was sworn in as Singapore’s new president on September 1 after narrowly defeating his closest competitor in a four-candidate race in late August.   Tan wins by narrow ...

RISING RATES ARE ENCOURAGING LENDING   By Thomas Clouse   Strong demand for loans and higher interest rates boosted profits at several Chinese banks to record levels.   Record-high net profits at China Construction Bank Strong demand for loans and higher ...

Global Finance ranks the 50 Biggest Banks China Breaks Into The Top 10 NEW YORK, September 7, 2011— Global Finance reveals its annual ranking of the World’s 50 Biggest Banks , as measured by total assets. The world’s biggest banks ...

THE WINDING ROAD   By Denise Bedell   Onshoring renminbi funds issued in the offshore markets is becoming easier, but it is still a complex process. Getting regulators involved early can help.   China is ever more important in the ...

CENTRAL BANK CHOOSES SLOWER GROWTH OVER HIGHER INFLATION   By Aaron Chaze   The Reserve Bank of India (RBI) has become the most proactive central bank in Asia for monetary tightening.   Indian stock exchanges are performing poorly in 2011 ...