Japan says economy back in deflation

Japan says that for the first time since 2006 the economy is back in deflation, warning of the risk that price falls may put pressure on a fragile economy

• Lex: Japan, deflating

CIC buys 20% stake in solar operator

China Investment Corp said it has bought a 20 per cent stake in GCL-Poly Energy, a Hong Kong-listed solar power plant operator, for HK$5.5bn (US$705m) as the sovereign wealth fund takes a bet on new energy

Minsheng raises $3.9bn from Hong Kong IPO

China Minsheng Banking Corp will raise at least $3.9bn with its Hong Kong initial public offering – but without the support of a high-profile Chinese private equity fund

Fresh setback for Asian IPOs

A high-profile Chinese fund has cancelled a proposed investment in Hong Kong’s largest initial public offering of 2009 in a sign of waning appetite for Asian listings

Capital control fears rattle rupiah

The rupiah dropped sharply on Wednesday on speculation that Indonesia was preparing to implement capital controls to limit the appreciation of the currency and support the export sector

Delta woos JAL with $1bn aid package

Delta Air Lines sweetened its offer of financial support to Japan Airlines, while US buy-out group TPG could inject as much as $1bn into the Japanese carrier

Equities cheer eludes Japan

Around the globe investors are smiling as equity markets rally. Yet in Japan, cheer has remained elusive, and Wednesday was no exception

‘Go global’, Japanese mobile makers told

The country’s handset companies are warned that they may have only two years left to expand abroad or risk being left behind in the technology race