10/30/2015
Bank of Baroda officials under CBI custody in Forex case
The CBI informed the court that both officials have been suspended by the bank.
Legal, Regulation & Compliance
10/29/2015
Reserve Bank of New Zealand Keeps Interest Rates Unchanged
The central bank is mandated with keeping annual inflation in a 1% to 3% target range.
10/29/2015
Singapore: Fund manager Philippe Graffart charged with killing 5-year-old son remanded for 4 weeks
Kim Osborg Nielsen, the general manager of Nordea Private Banking in Singapore was seen in court together with two other company representatives
10/28/2015
Australian Securities Exchange 'Considering' Blockchain Technology
The upgrade of ASX's clearing and settlement system is expected to begin by the end of next year.
10/28/2015
State-owned Kiwibank censured over anti-money laundering failings
Kiwibank has acknowledged the problems and said it had taken steps to comply with the legislation.
10/27/2015
Jieni Gu Joining Ropes & Gray as M&A Partner in Shanghai
Ms. Gu brings a wealth of experience in cross-border M&A, private equity, foreign direct investment, and general corporate matters.
10/26/2015
Banks to reward shareholders at expense of customers as they post record profits
It makes sense in financial theory, but when you combine that with a very strong oligopoly, I don't know the elegant financial theory works out in practice
10/26/2015
China's central bank issues first offshore renminbi note in London
London is a financial powerhouse and it knows Chinese business so this move will no doubt position London as the leading offshore centre for RMB trading.
10/26/2015
OJK relaxes rule to help Islamic banks develop
Islamic banks face difficulties in growing their market share, because conventional lenders are also growing altogether.
10/25/2015
An Inside Take On Chinese M&A
Private equity firms are also now at low ebb in China, brought down by slow pace of profitable exits.
10/23/2015
Appleby Attorneys Recognized in “Asia Women in Business Law” Awards
The Asia Women in Business Law Awards celebrate the advancement of women in the legal profession throughout the region, recognising individuals for outstanding work in their practice categories, and law firms for initiatives in gender diversity, innovatio
10/22/2015
NAB pays $1.7 million in compensation
NAB has paid $1.7 million in compensation so far as part of its Customer Response Initiative.
10/22/2015
HKEx proposes to build “London-Hong Kong Connect”
Development of the model is at a preliminary stage and further work needs to be done to determine the appropriate trading and clearing arrangements.
10/22/2015
Court moves to liquidate ex-ASIC lawyer and adviser's businesses
Leanne Chesser and Craig Shepard of KordaMentha have been appointed by the Federal Court as joint and several provisional liquidators.
10/22/2015
Appleby Acted for KPA-BM and China Partytime on HKEX Listings
Judy Lee, a Corporate partner in Appleby’s Hong Kong office led both transactions
10/22/2015
Freshfields, K&E star in Huarong’s $2.5 bln IPO in HK
The IPO has already secured $1.62 billion in commitments from cornerstone investors.
10/21/2015
Moody's assigns (P)A1 to proposed Bank of China-supported bonds of Tianjin Eco-City Investment and Development Co., Ltd.
The bonds will be supported by an irrevocable and standby letter of credit from Bank of China Limited, Singapore Branch.
10/21/2015
Asia shares rise ahead of European Central Bank meet
There was more evidence of the problems plaguing Asian trade flows with Japanese exports growing at the slowest pace since mid-2014, mainly due to weakness in China.
10/20/2015
Asian equities drop for second day on weak Chinese data; Euro down ahead of European Central Bank meet
On Monday, China posted its weakest quarterly economic growth since the global financial crisis in 2009, raising pressure on policymakers to cut interest rates further and roll out other support measures to avert a sharper slowdown.
10/20/2015
ASIC to be handed greater powers
The government will consult with stakeholders on the development of a new ASIC product intervention power that could be used to modify products, or if necessary, remove harmful products from the marketplace.