CHINA

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Buyout firms circle $4.2 billion HK property firm

Hong Kong property firm Chinese Estates Holdings Ltd. is in talks with investors on a possible buyout of the firm, valued at more than US$4 billion, sending its shares up as much as 30 percent to a record high.

Prudential to set up India fund venture

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U.S life insurer Prudential Financial Inc. is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on Wednesday.
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U.S. does not oppose release of fuel oil to N.Korea

The United States does not oppose releasing some of the 50,000 metric tons of heavy fuel oil due to North Korea under a nuclear disarmament deal before its Yongbyon reactor shuts down, a U.S. official said on Tuesday.
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Honda eyes bigger India share but not at any price

Honda Motor Co. is keen for its share of rapidly-growing markets like India and China to increase, its chairman said on Sunday, but Japan's second biggest auto maker is not in a hurry to enter the new battleground for very cheap small cars in India.
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House Democrats rebuff Bush on trade deals

U.S. House of Representatives Democratic leaders quashed White House hopes on Friday for quick renewal of fast track trade negotiating authority and said they cannot support trade pacts negotiated with South Korea and Colombia.
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N.Korea reactor closure date needs 6-way talks: IAEA

The U.N.'s nuclear watchdog has clarified how to monitor the shutdown of North Korea's nuclear facility and it is now up to Pyongyang and its five negotiating partners to decide on a date, an official said on Saturday.
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Retail key to China banks' financial health

The earnings prospects of Chinese commercial banks are clouded by their excessive reliance on interest income and sub-standard internal controls, top domestic and overseas bankers said on Saturday.
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Move away from dollar reserves still all talk

Central bank holdings of U.S. dollars continue to mount, despite talk of diversification into other currencies, but questions remain about the sustainability of the rise in dollar reserves.
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Japan Promotes Rice Exports to China

Japanese officials gathered on Friday to commemorate the latest step in the nation’s agriculture export push, as Japan resumed rice shipments to China this week following a four year ban.
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Marriott to triple India hotel portfolio

Marriott International Inc., the top U.S. hotel operator, said on Friday it would more than triple its hotel portfolio in India by the end of 2010 as it cashes in on rising business and leisure travel.
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Investors dump risk as subprime worries weigh

Risk aversion triggered by troubles with U.S. mortgage securities rippled across financial markets on Wednesday, depressing European and Asian stocks and boosting safe haven government bonds.
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China mulls bond sales to buy $200 bln in FX for fund

China's parliament began reviewing the proposed issuance of 1.55 trillion yuan in bonds to buy about $200 billion in foreign exchange that would fund the start-up of the country's new sovereign wealth management fund, Xinhua news agency reported on Wednesday.
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Texas Pacific seen bidding for UTAC: sources

U.S. private equity firm Texas Pacific Group is expected to bid for Singapore's microchip-testing firm United Test and Assembly Center as part of a consortium, banking sources said on Tuesday.
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Help sought in Chinese tire recall after accident

A New Jersey importer has asked the U.S. National Highway Traffic Safety Administration for help in recalling about 450,000 light-truck tires made in China after a fatal car accident, lawyers said.
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North Korea says has funds, awaits U.N. team

North Korea said on Monday it would start implementing a nuclear disarmament deal struck in February and awaits a visit by U.N. inspectors now that a dispute over its funds frozen at a Macau bank had been resolved.
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Global real estate at a turning point

Global real estate investment is still buoyant but a few cracks are starting to show as higher borrowing costs begin to bite, making 2007 a pivotal year after an extended bull run in property prices.

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