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Briefly: Bank of East Asia buys U.S. lender

Briefly: Bank of East Asia buys U.S. lender Bank of East Asia, a Hong Kong lender, said Tuesday that it was buying National American Bancorp as part of plans to expand in the United States. The bank did not disclose the amount it was paying for National American, which operates three retail branches in the San Francisco area that had assets of $87.3 million at the end of June 30. "Our move is in line with our strategy to expand our catchment area to locations where our key target customer groups reside," said Bank of East Asia's chairman, David

Asia’s largest Trade Fair concludes, Gujarat, Russia win ’Best Pavilion’ awards

Asia's largest Trade Fair concludes, Gujarat, Russia win 'Best Pavilion' awards The fortnight-long 25th India Fair (IITF), the largest trade fair in Asia, came to an end with a colourful ceremony here on Sunday. Hundreds and thousands of people thronged on the closing day which witnessed participants from across thend states within the country, concluded with awards being given away to the pavilions in different categories. In domestic pavilions category, Gujarat bagged the goldand Kerala and Chhattisgarh were awarded silver medals. While in foreign pavilion category, Russia was awarded gold medal and Thailand won silver medal. More:

Asia-Pacific predators to lead the pack

Asia-Pacific predators to lead the pack ASIA-Pacific companies are well placed to make strategic deals over the next 12 months, according to a survey by financial services group KPMG. It said Asia-Pacific companies in healthcare, utilities, telecommunications and basic materials were likely to be aggressors in the global mergers and acquisitions market in next six months. But that same regions technology companies were likely to be targets for acquisition. KPMG partner Julian Vella said that although many firms were returning capital to shareholders, rather than paying high prices for assets, positive earnings forecasts and strong debt capacity still left them with attractive

Around Asia’s markets: Exporters swagger as the dollar rebounds

Around Asia's markets: Exporters swagger as the dollar rebounds Shares of automakers and technology companies may be among the best performers in Asia this quarter as they reap benefits from a rising U.S. dollar. "A stronger dollar is going to feed into exporters' earnings, and that's one theme that investors are chasing now," said Isaho Nakasho. He is seeking to add auto shares to the Asian stocks he manages for Fuji Investment Management in Tokyo. The dollar has risen as much as 4.7 percent this quarter against Asian currencies, including the yen, which fell to a 27-month low against the U.S.

‘Indian auto market will be No 1 in Asia’

‘Indian auto market will be No 1 in Asia’ German auto major Audi announced the launch of its luxury sedan A4 and sports utility vehicle Q7 at the eighth Auto Expo 2006 at Pragati Maidan in New Delhi on Thursday. In an interview to Sify.com, Audi’s overseas sales director Andre Konsbruck said that the Audi A4 would hit the Indian roads in March and Q7 in October. He said the automotive market in India was all set to become number one in Asia. Could you tell us about the two new models? Both the cars are with two engines, and they have