Nomura Holdings Inc., Japan’s largest securities firm, may buy an Asian investment bank or broker to tap the region’s economic growth and increasing number of affluent people, Chief Executive Officer Koji Nagai said.
Ying White, previously the head of Akin, Gump, Strauss, Hauer & Feld LLP’s investment funds practice, joined Clifford Chance LLP’s Beijing office as a partner in the corporate practice, the firm announced.
Southern Co., Edison International and rival power companies won a legal fight with the Environmental Protection Agency, gaining more time and leeway to cut pollution from burning coal. The bigger challenges from cheap natural gas may make it a muted victory.
The highest funding costs since 2008 may make it more expensive for China’s state banks to lend to commodity producing nations, as the world’s fastest-growing major economy tries to secure natural resources to fuel growth.
China Development Bank Corp. ’s private-equity unit sports three bronze busts of Communist Party leaders in its Beijing lobby. Chairman Mao Zedong is there, and so is his eventual successor as leader, Deng Xiaoping . Then there’s Chen Yun, once China’s top economic planner.