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Yahoo

Business - Citi to hire 100 bankers in Asia, eyes more business from smaller clients


By Lawrence White HONG KONG (Reuters) - Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC`s footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products. Global banks like Citi and HSBC are now concentrating on small to medium-sized clients due to a dwindling number of $10 billion-plus IPOs from Chinese state-owned companies - deals which had sustained investment banks in the region over the last decade. The increase in headcount, which represents a 10 percent boost for Citi`s Asia-Pacific commercial banking unit, is aimed at offering firms with annual sales of between $10 million and $500 million additional services such as foreign exchange and cash management. `This is not about adding hundreds of new clients in the region, but winning more wallet share from commercial banking clients who have cross-border business by providing them with more loans, FX, cash and trade products,` Citi`s Asia-Pacific commercial banking head Ashish Bajaj said in an interview.


Tuesday, July 29, 2014  05:01

CNN

Top Stories - Tainted meat


McDonald`s restaurants in many Chinese cities have been eerily quiet this past week.


Tuesday, July 29, 2014  13:21

Yahoo

World - Pope to visit Sri Lanka, Philippines Jan. 12-19


VATICAN CITY (AP) — The Vatican has confirmed the dates for Pope Francis` second trip to Asia, a weeklong visit Jan. 12-19 to Sri Lanka and the Philippines.


Tuesday, July 29, 2014  12:41

Yahoo

Business - China rally, Russia respite lifts shares as focus turns to U.S.


By Marc Jones LONDON (Reuters) - World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some respite after three days of heavy selling. Investors remained cautious, however, reflecting geopolitical jitters and the torrent of U.S. economic news due to come this week, including a Federal Reserve meeting and GDP data on Wednesday and non-farm payrolls figures on Friday. The dollar shuffled sideways on bets all that will add up to the Fed hiking interest rates early next year, while European shares saw minor gains after another jump in Chinese stocks had lifted Asia equities to a new three-year high. Wall Street was expected to see another subdued start but the mood was easier after Russian stocks steadied, having been dumped in recent days in anticipation of broader European economic sanctions.


Tuesday, July 29, 2014  12:27

BBC

Asia-Pacific - Microsoft in China anti-trust probe


An anti-monopoly investigation into US technology giant Microsoft is launched by Chinese authorities.


Tuesday, July 29, 2014  12:01

NYTimes

Asia-Pacific - China Says Zhou Yongkang, Former Security Chief, Is Under Investigation


Mr. Zhou, who retired from the Politburo Standing Committee in late 2012, is the most senior Communist Party figure ever to face a formal graft inquiry.


Tuesday, July 29, 2014  11:48

Yahoo

World - Philippines to propose no action to raise tension in sea disputes


By Manuel Mogato MANILA (Reuters) - The Philippines will propose a freeze on all activity that raises tension in disputed waters in the South China Sea as part of a three-part plan at a regional security meeting next month, Manila`s foreign minister said on Tuesday. Southeast Asian foreign ministers will hold security talks with various counterparts including those from the United States, China and the European Union in Myanmar next month, with escalating sea disputes in Asia likely to be a main issue. China claims 90 percent of the South China Sea, which is believed to contain oil and gas deposits and has rich fishery resources. Brunei, Malaysia, the Philippines, Vietnam and Taiwan also lay claim to parts of the sea, where about $5 trillion of ship-borne trade passes every year.


Tuesday, July 29, 2014  11:34

CNN

Top Stories - Afghan president`s cousin killed in blast


A cousin of Afghan President Hamid Karzai died in a bombing Tuesday, a provincial spokesman said, marking the latest killing of a Karzai relative.


Tuesday, July 29, 2014  11:07

CNN

Top Stories - McDonald`s hit by expired meat scandal


Burger restaurants in many Chinese cities have been eerily quiet this past week.


Tuesday, July 29, 2014  10:41

BBC

Asia-Pacific - Moeen warned by ICC over wristbands


England batsman Moeen Ali is warned by the match referee not to wear pro-Gaza wristbands again in the third Test against India.


Tuesday, July 29, 2014  10:41

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