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BEA shares rise further on takeover talk
The share price of Hong Kong’s Bank of East Asia rose for the second day after Guoco Group stepped up its stakebuilding and prompted speculation that it would launch a takeover of the territory’s largest locally-owned bank by deposits
BMW and Brilliance to expand in China
BMW and its partner, the state parent of Brilliance China Automotive, will invest $735m to expand their capacity in the world’s largest vehicle market.
Australia says China extends Rio Tinto probe
Four Rio employees face an additional two months in jail after the authorities in Beijing extended their investigation into Stern Hu, an Australian citizen, and three Chinese executives of the mining group
South Korea’s Hyosung drops bid for Hynix
South Korea’s Hyosung withdraws its bid for Hynix Semiconductor, throwing the future of the world’s second-largest memory chipmaker into doubt once again
India probes accounts linked to London UBS case
The fine imposed on the Swiss bank by Britain’s financial watchdog is part of an unfolding investigation into the past management of Indian private banking accounts
Taiwan rejects pleas for chip subsidies
Government halts its efforts to reform the fractious and troubled D-Ram sector
Hyundai eyes green revenue streams
The world’s biggest shipbuilder is venturing into green technologies as it looks for new revenues to counter a bleak sector outlook sector and increased competition from China
Wipro begins to outsource Indian workload
India’s Wipro Technologies has begun ‘reverse offshoring’ by sending work from its Indian clients to Egypt, in a sign of the growing multinational nature of the country’s outsourcing business
3i looks to Asian golden opportunity
If Michael Queen ever wants to put into perspective the challenges he faces as the new chief executive of 3i, he only needs to remember the traumatic events he experienced a year ago
HSBC plans landmark Jaffna branch opening
The plan by the UK-based banking group to open the branch in Sri Lanka’s northern peninsula by January is the strongest vote of confidence yet in the economy’s emergence from decades of civil war
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