Search results for

Fund management AXA Investment Managers has acquired Framlington Group from HSBC and Comerica for £174 million. The deal adds about £4 billion to AXA's £52 billion ($93.5 billion) in UK assets under management, and puts an end to rumours that AXA IM was considering scaling down its UK business.

Banks offering real estate investment trusts

S&P lists the top 100 companies in the PRC, the 10 largest accounting for 56% of total revenues

Finance minister says the government is will keep the purse strings tight as it reforms taxation, banking regulation and bankruptcy law

%3CBODY%3E%3Cul%3E%0D%0A%09%09%3Cli%3E%0D%0A%09%09%09%3Cstrong%3EGovernance%20glitch%3C/strong%3E%0D%0A%09%09%3C/li%3E%0D%0A%09%3C/ul%3E%0D%0A%09%3Cp%3E%0D%0A%20%20Singapore%20is%20often%20held%20out%20as%20a%20beacon%20of%20good%20corporate%20governance%20and%20sound%20international%20management%20practice%20in%20Asia.%20So%20a%20recent%20survey%20of%20corporate%20governance%20among%20listed%20companies%20in%20Singapore%20makes%20for%20slightly%20alarming%20reading.%0D%0A%3C/p%3E%0D%0A%09%3Cp%3E%0D%0A%20%20Conducted%20by%20the%20Corporate%20Governance%20and%20Financial%20Reporting%20Centre%20of%20the%20National%20University%20of%20Singapore%20Business%20School%20and%20commissioned%20by%20Jardine%20Lloyd%20Thompson%2C%20the%20survey%20polled%2078%20listed%20companies%20from%20the%20Lion%20City%2C%20two-fifths%20of%20which%20admitted%20to%20having%20no%20system%20in%20place%20for%20identifying%20and%20managing%20risks.%20A%20majority%20of%20the%20companies%20polled%20also%20believed%20that%20more%20needed%20to%20be%20done%20to%20improve%20corporate%20governance%20standards%20in%20Singapore.%0D%0A%3C/p%3E%0D%0A%09%3Cp%3E%0D%0A%20%20%A0%0D%0A%3C/p%3E%0D%0A%09%3Cul%3E%0D%0A%09%09%3Cli%3E%0D%0A%09%09%09%3Cstrong%3EYahoo%20turns%20Chinese%3C/strong%3E%0D%0A%09%09%3C/li%3E%0D%0A%09%3C/ul%3E%0D%0A%09%3Cp%3E%0D%0A%20%20Internet%20giant%20Yahoo%20has%20announced%20a%20strategic%20investment%20in%20mainland%20Chinese%20e-commerce%2C%20search%20and%20messaging%20platform%20Alibaba.%20The%20deal%20involves%20Yahoo%20handing%20over%20all%20its%20existing%20China%20businesses%20to%20Alibaba%20together%20with%20%241%20billion%20cash%20in%20exchange%20for%20a%2040%25%20stake.%20The%20deal%20is%20a%20tacit%20acknowledgement%20by%20Yahoo%20that%20its%20previous%20strategy%20for%20the%20mainland%20market%20was%20not%20making%20the%20headway%20it%20had%20hoped%20for.%20By%20adopting%20a%20strategy%20similar%20to%20that%20successfully%20deployed%20in%20Japan%2C%20where%20Yahoo%20teamed%20up%20with%20local%20partner%20Softbank%2C%20the%20company%20hopes%20it%20will%20attain%20a%20more%20Chinese%20identity.%20This%20is%20more%20likely%20to%20appeal%20to%20China%27s%20burgeoning%20internet%20population%2C%20which%20prefers%20homegrown%20online%20platforms.%0D%0A%3C/p%3E%0D%0A%09%3Cp%3E%0D%0A%20%20%A0%0D%0A%3C/p%3E%0D%0A%09%3Cul%3E%0D%0A%09%09%3Cli%3E%0D%0A%09%09%09%3Cstrong%3EIndian%20growth%3C/strong%3E%0D%0A%09%09%3C/li%3E%0D%0A%09%3C/ul%3E%0D%0A%09%3Cp%3E%0D%0A%20%20India%27s%20economy%20will%20grow%207%25%20in%20the%20fiscal%20year%20ending%20next%20March%2C%20the%20government%20forecasts.%20Prime%20minister%20Manmohan%20Singh%20said%20that%20if%20India%20could%20sustain%20this%20growth%20rate%20over%20the%20next%20decade%20it%20would%20be%20able%20to%20wipe%20out%20poverty.%20To%20that%20end%2C%20he%20added%20that%20the%20government%20would%20increase%20spending%20on%20public%20works%20to%20maintain%20strong%20growth.%0D%0A%3C/p%3E%0D%0A%3C/BODY%3E%0D%0A

There are signals from Korea that the government and regulators are taking an increasingly tough line with foreign participants in the local markets.

Equity managers in Europe, Japan and Asia might benefit from swapping stocks for convertibles

A recent survey by US law firm White and Case throws light on the overseas ambitions of China's larger companies. According to 80 Chinese business leaders, Asia is the most popular destination for overseas expansion, with more than 75% of companies looking there. That compares with 50% of Chinese companies looking at the US and 44% in Europe. Other regions of interest include eastern Europe. Latin America and Africa

Persistent rumours are circulating in China that mainland authorities are likely to auction off a controlling interest in state-owned Guangdong Development Bank. Although unconfirmed, if the rumours prove accurate the GDB sale could presage the start of the true privatization of China's banking sector.

After months of debate about the number of companies to be reprivatized, progress is made

Latin nations' equity and debt markets are seeing greater issuance activity

UK retail investors to get easy access to IPOs again