The Reserve Bank of Australia left its cash rate target unchanged at 4.5% for a fourth month in a row.
Asian News and Business
The Reserve Bank of Australia left its cash rate target unchanged at 4.5% for a fourth month in a row.
The domestic investment arm of China’s sovereign-wealth fund plans to sell up to $8.09 billion worth of bonds in mid-September, the second tranche of its planned $27.57 billion issuance this year.
China Strategic Holdings said AIG is looking to scuttle a deal for the company and its consortium partner to buy the U.S.
South Korea’s Samsung Electronics is considering investing a record $25.55 billion next year to bolster its existing operations and expand into new business segments.
Private-equity firm TPG Inc. has sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia.
Baidu unveiled a platform that lets users run applications through the company’s website, beating Google to the punch. Users of the service can run applications similar to those found on Facebook or Apple’s App Store.
AIG’s application to list its main pan-Asian life insurer contained a record 11 bookrunners, a further sign that the company is determined to raise as much money as possible.
Western Australia state said it has begun compulsory acquisition for land planned for the massive Browse liquefied natural gas project, after talks with an indigenous land council failed to reach a deal.
The three auto makers on Thursday posted moderate August sales gains in China amid new government incentives for fuel-efficient cars.
Macau’s gambling revenue rose 40% in August from a year earlier, reinforcing that China’s gambling center has soundly recovered from the malaise of 2009.