China Citic Bank International Ltd. and Aluminum Corp. of China Ltd. are marketing sales of dollar- denominated securities with no fixed maturity as bond risk in Asia slides to the lowest in almost seven months.
Al Masah Capital Management Ltd. is setting up a fund to invest in the increasing number of initial public offerings from companies in the Gulf Cooperation Council and South East Asia, Chief Executive Officer Shailesh Dash said.
Bank of East Asia Ltd. said it has signed an agreement with Shanghai Shengpay e-payment Service Co. to provide cross-border electronic payment services. * Bank of East Asia to become first foreign bank to provide cross-border electronic renminbi payment services in Shanghai’s pilot free-trade zone, the company said in a press release today * the pact will enable Bank of East Asia to further develop its international trade payment and cross-border RMB settlement business * China’s banking regulator also recently approved the bank’s Shanghai free-trade zone sub-branch to conduct personal banking business, the release said.
Singapore’s investigations into suspected stock-trading irregularities at three commodity companies whose shares plunged in October are seen as a test of credibility for Southeast Asia’s biggest equities market.
The Pentagon is working with a dozen countries, including allies in the Persian Gulf region and east Asia, to bolster the cybersecurity of their militaries and build a collective defense against attacks.
Yi Ok Seon, an 86-year-old survivor of Japan’s wartime use of sex slaves, rolled up her trouser cuff to reveal the scar that she said Japanese Prime Minister Shinzo Abe should come to South Korea to see.