HSBC to sell stake in China insurer Ping An for $9.4 bn
Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.
05 December 2012
Greece launches bond buyback programme
Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.
Asian shares mixed as US worries trump China data
Asian markets were mixed on Monday, after optimism over data showing Chinese manufacturing activity had picked up pace in November was tempered by concerns over US talks to avert the fiscal cliff.
03 December 2012
S&P upgraded Samruk-Kazyna's credit rating
Standard & Poor’s has upgraded its long- and short-term local and foreign currency credit ratings of Kazakhstan's Samruk-Kazyna National Welfare Fund.
China manufacturing hits 13-month high in November: HSBC
Manufacturing activity in China hit a 13-month high in November, HSBC said Monday, in another sign that the world's second largest economy is emerging from a drawn-out slumber.
03 December 2012
Car import dropped 75-fold in Kazakhstan
119,809 cars were imported to Kazakhstan for personal use in 2011 and only 1,599 such cars were imported in 10 and a half months of 2012.
03 December 2012
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Murdoch's British newspaper chief to leave company
Rupert Murdoch's top newspaper lieutenant in Britain is to leave his post at the end of the year, it was announced Sunday, heralding the start of a major shake-up at parent company News Corporation.
03 December 2012
SIA in talks to sell off Virgin Atlantic stake
Singapore Airlines said Monday it was in talks with "interested parties" on a possible sale of its 49 percent stake in Virgin Atlantic as media reports listed US carrier Delta Air Lines as a possible buyer.
Australia readies for first plain pack cigarettes
All cigarettes sold in Australia will be in identical, plain packages from Saturday in a world first after the government overcame legal challenges from the tobacco industry.
IIF says Greek debt buyback must be 'voluntary'
A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."
Spain banks cut thousands of jobs in shakeup
Crippled Spanish banks said they would cut thousands of jobs after Brussels on Wednesday gave a green light for a big slice of aid to rescue them with tough conditions.
30 November 2012
Google buys marketing firm to boost discount moves
Google has agreed to buy the marketing firm Incentive Targeting in a move that gives the tech giant more tools to work with retailers on discounts and other promotions.