Early death Zhang Sheng Yu, 39, has become the latest of Chinese listed company CEOs to suffer an early death. The head of the venerable pharmacy chain Tong Reng Tang, listed in Shanghai, died of a sudden heart attack on July 22.
Loan shark days The credit crunch has hit China so badly that some smaller companies and individuals are borrowing money at 600% per month, according to local media.
Empty space Demand for prime office space in Japan has shown signs of waning as foreign financial institutions hold back expansion plans in the face of the fallout from the subprime crisis.
Video game winner Almost written off two years ago, Nintendo has captured the top spot in Japan for "Innovation in Responding to Customer Needs" with its Wii in the Wall Street Journal Asia’s latest Asia 200 survey of readers.
Japanese annual inflation hit 1.2% in March, the highest in a decade. This helped trigger a huge sell-off in yen bonds in late April after the figures were released.
Investors feared Japan had little immunity from price increases and its central bank might be forced to raise rates, despite a weak economy.
And to America Tata Consultancy Services will buy Citigroup's India back office unit for US$505 million and expects revenue to start flowing in from the acquisition as soon as the first quarter of next year, says TCS Chief Operating Officer N. Chandrasekaran.
Nomura in, Lehman out Japan's Nomura will buy over the defunct Lehman Brothers' India operations, a move that would expand its workforce in India by 3,000, including 1,200 IT professionals.
ArcelorMittal, the biggest steelmaker in the world, has acquired 60% of privately held Dubai Steel Trading Company for an undisclosed sum. Dubai Steel, formed in 1986, has 50 staff and sells mainly to the construction market.
Solar Semiconductor Private Ltd, a maker of photovoltaic modules based in Hyderabad, has signed a 10-year agreement to supply Deutsche Solar AG, a subsidiary of SolarWorld AG of Germany, worth US$1.2 billion.
Bra power Triumph, arguably the most famous women underwear brand in the world, will invest Rs 100 crore (US$25 million) to open 100 stores in India in the next two years.
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