Citi awarded Value Partners mandate

Launched in June 2012, the new Ucits fund is a sub-fund of Value Partners Ireland Fund, a Dublin-domiciled umbrella company regulated by the Central Bank of Ireland.


Singapore Exchange proposes margins for traded securities

The exchange announced the plan on Monday, following measures introduced by the Monetary Authority of Singapore last week to create a liquidity buffer of S$20 billion to back up a deposit insurance scheme in the event of a banking crisis.


SSgA launches two more SPDR ETFs

The SPDR S&P/ASX Australian Bond Fund and the SPDR S&P/ASX Australian Government Bond Fund started trading on the Australian Securities Exchange (ASX) this morning.


Meet the Chinese billionaires with Australia in their sights

His father is Zeng Qinghong, a top Communist Party cadre and former Beijing kingmaker (think Graham Richardson and the Labor Party of the 1990s) who is credited with brokering the deal that saw Xi Jinping catapulted into pole position in the race to becom


HSBC to sell 44% shareholding in Global Payments Asia-Pacific

The transaction, which is subject to regulatory approvals and the agreement of the terms of ancillary commercial contracts, is expected to complete during the second half of 2012 and represents further progress in the execution of HSBC's strategy.


PDIC approves merger of Allied, PNB

The merger is seen creating the country’s fourth-largest private bank. In a disclosure to the Philippine Stock Exchange on Thursday, PNB said it had received notice from the PDIC approving the merger, subject to certain conditions, details of which


Top asset manager to increase Asia lending

Global banks scaled back cross-border lending to companies, governments and each other at the fastest rate since 2008 in the final quarter of last year, the Bank for International Settlements said last month.


ASX partners with SGX on futures

Australia's futures and options trading market is currently worth $50 trillion, said the Australian Securities Exchange.


New York Life, Macquarie Are Said to Vie for Dexia Unit

“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to


Sovereign Wealth Fund Suffers Investment Losses

The China Investment Corporation (CIC), the nation's sovereign wealth fund, said Wednesday its overseas portfolio yield for 2011 stood at negative 4.3 percent due to slow recovery of global economy and the European debt crisis.