American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.
The number of high net-worth individuals in Asia Pacific slumped 14 percent in 2008 and they lost over a fifth of their wealth, leading to only cautious moves from cash back into stocks this year, Merrill Lynch and Capgemini said on Tuesday.
Macau's move to review gaming rules in the world's fastest-growing gambling market could brighten the outlook for casino stocks as potential curbs would help profits by limiting oversupply, analysts said on Tuesday.
State-run Ghana National Petroleum Corp believes Kosmos Energy's deal to sell its stake in the huge Jubilee oil field to Exxon Mobil is illegal and is ready to buy the stake itself, a GNPC source said on Monday.
Negotiators at global climate change talks are not delivering on promises by their leaders to clinch a deal at a key meeting in Copenhagen in December, a top U.N. environmental official said on Monday.
The allure of a bigger share of the fast-growing wind power market might force larger engineering companies to target American Superconductor Corp, a maker of electrical systems that run wind farms and turbines.
A Chinese court in the restive far western region of Xinjiang on Monday sentenced six people to death for murder and other crimes committed during ethnic rioting in July in which almost 200 people died.
Global steel consumption will rebound by more than 9 percent next year, recovering after this year's 8.6 percent decline, which was less severe than earlier expected thanks to strong China growth, a global body said on Monday.
Volkswagen AG (VOWG.DE) said on Monday it expected its sales in mainland China and Hong Kong to grow more than 30 percent this year, after rising 37 percent in the first nine months thanks to government stimulus measures.
The World Health Organisation plans to start sending H1N1 flu vaccines to poorer countries as early as next month, the United Nations agency's head of vaccine research said on Monday.
China has banned foreign investment into its lucrative online games industry in an effort to tighten control over its virtual worlds.
Demand for public stock offerings in Hong Kong and throughout the region remains strong, despite a few recent deals that struggled, according to a panel of three investment bankers and one hedge fund investor.
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
Chinese shares lostearly gains to profit-takers on Monday, with worry over hugesupplies of new shares from IPOs offsetting the impact ofmarket-friendly central government measures on the mainland.
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
The Philippines ordered imports of 250,000 tonnes of rice on Monday as officials said two typhoons over the past 15 days had badly damaged farmlands and roads in the north and killed over 650 people.
Tengzhong, a little-known Chinese machinery maker that has agreed to buy GM's Hummer brand, aims to close the deal by early 2010 and has begun to seek regulatory approval for the purchase.
China has formally relaxed rules on inbound portfolio investment, raising the maximum sum a single institution may invest to $1 billion from $800 million, the State Administration of Foreign Exchange (SAFE) said.
The Philippines shifted its efforts on Sunday to sending relief in northern provinces devastated by floods and cut off by landslides as the death toll and damages from two typhoons this month rose to art least 530.
China's Commerce Ministry said on Saturday that it has not yet received an application about machinery maker Tengzhong's bid to buy General Motors' Hummer brand.
China will cut the price of aviation fuels by about 4 percent from Sunday, reflecting recent falls in international crude oil prices, according to an announcement from the National Development and Reform Commission.
The world's book trade meets in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared.
