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China’s banking regulator reportedly won’t allow lenders whose capital adequacy ratio falls below 9% to open new businesses or expand retail outlets, even though the official requirement is for an 8% ratio.
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China regualtor stiffens standards on banks
Japanese exporter shares come under pressure as the yen jumps to a nearly seven-month high against its U.S. counterpart, buoyed by a tide of risk aversion after global stocks sell off.
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Asia Markets: Yen soars, sending Japanese exporters skidding
Japanese bank shares move lower, weighed in part by a report that the Financial Services Agency intends to review loans made to foreign corporations.
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Japan to study banks’ foreign loans: report
Shares of Dainippon Sumitomo Pharma climb sharply after a report that the Japanese company plans to offer $2.7 billion to buy U.S.-based Sepracor.
JBS, the world’s largest beef exporter, is reportedly in talks to purchase bankrupt Pilgrim’s Pride in a multi-billion-dollar deal that would stretch the Brazilian company’s reach into the U.S. food production industry
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Brazil’s JBS plans to buy Pilgrim’s Pride: WSJ
The Chinese government agrees to purchase up to $50 billion worth of International Monetary Fund bonds, the first such notes in the fund’s history.
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China to buy up to $50 billion of first IMF bonds
A scathing report blasting the Securities and Exchange Commission for failing to expose hedge-fund manager Bernard Madoff’s massive Ponzi scheme raises longstanding concerns about whether regulators can ever wield enough resources to combat wealthy, well-connected financial crooks.
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FundWatch: Investor advocates slam SEC after Madoff report
Stocks likely to show significant movement in Thursday’s trading.
Originally posted here:
Stocks to Watch: Stocks in focus for Thursday
Wednesday’s Canadian Markets report gave the incorrect value of MDS Inc.’s proposed share buyback. It is between $400 million and $450 million.
Original post:
Corrections: MDS’ proposed share buyback
Many companies participating in a Facebook-sponsored incubator program are looking beyond the social network giant for business growth.
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Therese Poletti’s Tech Tales: Facebook developers looking beyond Facebook
