ICBC first half profit up 12.4%
The Industrial and Commercial Bank of China (ICBC) has announced that its net profit rose 12.4 percent year-on-year for the first half of 2013, helped by interest income growth.
Bank of China formalises alliance with South Africa’s Nedbank
South Africa’s Nedbank and the Bank of China have entered into a strategic business cooperation agreement designed to grow business flows between China and Africa, as well as provide support to investors.
Suspended jail sentences for ex-Olympus execs
Last month a Japanese court handed suspended sentences to three ex-Olympus executives accused of engineering accounting fraud at the camera and medical equipment maker.
CKI-led consortium buys Dutch waste company for HK$9.7b
A consortium of Hong Kong billionaire Li Ka-shing’s companies has bought a waste management company in the Netherlands.
Invest in Asia
Asia Outlook talks to Zach Wilson, the Managing Director of Alfa Tech VestAsia, and learns more about the company’s growth in Southeast Asia.
Yen breaks 100 mark versus dollar
The Japanese yen has breached the 100 yen to the U.S. dollar mark for the first time since April 2009.
Japan recovery “few years” away warns Finance Minister
Japan’s Finance Minister Taro Aso has warned that economic recovery is at least a “few years” away and it may take longer than the targeted two years to reverse the country’s deflation.
Japan’s stock market skyrockets on BoJ plan
Tokyo stocks have hit levels not seen since 2008, as investors embraced sweeping new Bank of Japan stimulus measures that have raised hopes of economic revival.
Bank of Japan (BoJ) in aggressive growth move
The Bank of Japan has said it will expand the country’s money supply, as it tries to stimulate growth in the world’s third-largest economy.
Times are a-changin : BHP and Rio get new CEOs
First it was Tom Albanese of Rio Tinto, and then BHP Billiton Chief Executive Marius Kloppers stepped down.
