Posted by Reuters: Business News on February 7, 2012
SHANGHAI/HONG KONG (Reuters) – Wal-Mart Stores Inc named company executive Greg Foran as the president and chief executive of Walmart China, capping a series of leadership changes at the China unit that has been tainted by food scandals.
Posted by Reuters: Business News on January 17, 2012
HONG KONG (Reuters) – AIA Group Ltd , Asia’s No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations of ING Groep , sources said, with the prospective sale expected to draw heavy interest from rivals.
Posted by Reuters: Business News on January 11, 2012
HONG KONG/TOKYO (Reuters) – The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan’s top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
Posted by Reuters: Business News on January 10, 2012
HONG KONG (Reuters) – Bank of America-Merrill Lynch , the second-largest U.S. bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said on Monday, in a bid to cut costs as the outlook sours in a once-booming region.
Posted by admin on January 4, 2012
Hong Kong-based auditing firm BDO Ltd. has told all of its China-based clients that it will no longe…
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Posted by Reuters: Business News on December 15, 2011
HONG KONG (Reuters) – Two of Hong Kong’s biggest recent initial public offerings slumped in their trading debuts on Thursday, falling victim to weak investor demand that has pressured new listings in the once booming global IPO powerhouse.
Posted by Reuters: Business News on December 8, 2011
HONG KONG (Reuters) – Two Chinese appliance and electronics retailers, regarded by some as the country’s answers to Best Buy Co Inc , are racing to beef up their e-commerce arms and tap the booming but highly competitive online retail market.
Posted by Reuters: Business News on November 28, 2011
TOKYO/HONG KONG (Reuters)- Documents unearthed by Reuters show a new link between Japan’s Olympus Corp and a veteran banker at the center of an accounting scandal engulfing the firm, as attention focuses on the role he played in the company’s deal-making.
Posted by Reuters: Business News on November 25, 2011
HONG KONG (Reuters) – Apparel brand Gap Inc said on Friday that it aims to triple its store network in China next year, one of the latest foreign brands to target the country’s consumer spending growth.
Posted by Reuters: Business News on November 11, 2011
HONG KONG (Reuters) – Bankers, enduring rounds of deep job cuts, face the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
