Kazakhstan’s financial police said a former Atyrau regional governor, Bergei Ryskaliyev, and his associates committed crimes that caused 71 billion tenge ($459 million) in damages to the state and individuals.
Sinohydro Group Ltd., China’s biggest builder of hydroelectric dams, said its board of directors approved a plan to spend as much as $39.2 million on preliminary work at a hydroelectric project in Laos.
Sumitomo Life Insurance Co., Japan’s fourth-biggest life insurer, agreed to buy a stake in PT Bank Negara Indonesia’s life insurance unit for about 36.2 billion yen ($354 million) as it expands abroad.
As hundreds of thousands of Filipinos struggled to find food, water, shelter and the bodies of loved ones in the wake of Typhoon Haiyan, China quickly dipped into its world-leading $3.7 trillion of currency reserves and came up with … all of $100,000.
PanAust Ltd., the Australian operator of copper, gold and silver mines in Laos, agreed to pay as much as $125 million for Glencore Xstrata Plc’s majority stake in a Papua New Guinea project to add long-term production.