Business Moves
DBS seals another China JV amid frenzy
It is the fourth foreign-invested mutual funds deal in as many weeks.




Business Moves
Merrill bolsters derivatives business with major new hires
Hires signal big push in derivatives business at Merrill Lynch.


IPO Report
Bank of China becomes world's 8th biggest bank by value
Bank of China sees a successful first day of trading and lights up its Hong Kong building with its new stock code to celebrate.





Equity News
Chinese developer seeks private equity investment
Focus on second tier cities and cost control gives Xinyuan Real Estate a unique perspective on the government's efforts to reform the property market, chairman says in interview.


Mutual Funds & Markets
BGI unveils first international India ETF
Global investors will be given easier, more efficient access to India’s growth story.





Outlook & Economics
Malaysia's power utility has too much power and not enough money
Tenaga's electricity rate hikes went into effect yesterday - but perhaps it needs to get its own house in order before it charges customers more to flip on the lightswitch.


Business Moves
Consortium signs MoU to build undersea cable from Malaysia to the US
Telekom Malaysia wants to reach out and touch some folks in the US - via Hong Kong, the Philippines, Guam and Hawaii - with a proposed 3G capable international undersea cable.


People Moves
Citigroup Private Bank lands Dr Fong
Fong Cheng Hong moves from DBS to Citi's Singapore Private Banking operations.


People Moves
Hang Seng Bank appoints new head of investments and insurance
Andew Fung arrives from DBS at Hang Seng as deputy general manager.


Loan Digest
Loan Week, May 26 - June 2
A round up of the latest syndicated loan market news.


Technology
A week in tech, May 26 - June 2
A round-up of all the latest tech news.



Standard & Poor's Daily Ratings Direct Asia-Pacific Highlights
Welcome to Standard & Poor's daily summary of credit research of interest to investors in Asia-Pacific.