Sumitomo Mitsui Financial Group
Thailand’s Bank of Ayudhya in $4.1b stake sale
Japan's Mitsubishi UFJ Financial Group (MUFG) is reportedly in advanced talks to acquire a majority stake of Thailand's fifth largest bank, Bank of Ayudhya...
Hunt for Vietnam banks has begun
Stressed Vietnamese banks are facing rising interest of foreign buyers in its shares, whose value in the past was continuously shrinking on the back...
Asia’s largest advertising group created
The takeover of UK-based marketing agency Aegis by Japan's advertising giant Dentsu for $5 billion is creating Asia's largest advertising conglomerate. The deal will...
ADCB selling stake in RHB Capital
Abu Dhabi Commercial Bank is selling a 25% stake in Malaysian bank RHB Capital. It is valued at about $1.6 billion. They will announce...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...