International Finance
Trial of four Rio Tinto employees opens in China (Reuters)
Four employees of mining giant Rio Tinto stood trial in China on Monday, while the company s chief executive said in Beijing that Rio remained committed to working with the key Asian customer. Read
Asian shares mostly down; India hike hits demand (at MarketWatch)
Asian stock markets are mostly lower, weighed down by a surprise rate hike from the Reserve Bank of India on Friday, with property stocks in Hong Kong falling on fears of more tightening in the rest of the region. Read
Asia Markets: Indian rate hike spooks stock market (at MarketWatch)
Indian shares slide lower on fears the Reserve Bank of India may raise interest rates a few more times in coming months. But the anticipated rate increases won t restrain economic growth for several months because of a strong ongoing recovery, analysts say. Read
Stocks in Asia and Euro Drop on Worries About Greece s Debt (at New York Times)
Asian stocks and the euro fell on Monday on renewed concerns over Greece s debt problems before a euro zone summit. Read
Arrow Energy Agrees to Sell Australian Assets to PetroChina and Shell (at New York Times)
The Australian gas company accepted on Monday a $3.2 billion bid by Shell and PetroChina for its Australian assets, the latest in a string of acquisitions and investments in the global energy sector. Read
Marsh on Monday: The uneasy parallels between China and Germany (at MarketWatch)
As recent events in international financial markets demonstrate, there are striking monetary parallels between China and Germany, writes David Marsh. Read
Asia stocks drop as Greek crisis, India hike weigh (AP)
Asian stock markets fell Monday as worries about Greece s debt crisis and India s sudden interest rate hike rattled investors. Read
GLOBAL MARKETS-Asia stocks dip on Greece worries, euro weaker (at Reuters)
* Asia stocks fall on concerns over Greece s debt problems * Euro struggles ahead of ahed of EU summit on Greece * Surprise India rate hike heightens risk aversion Read
Air China buys majority stake in Shenzhen Airlines (at MarketWatch)
Air China Ltd. s shares rose in Hong Kong trading Monday after the carrier announced plans to increase its holdings of Shenzhen Airlines to take a majority stake. Air China will invest 682.14 million yuan in the airline, lifting its stake to 51% from 25%, according to a filing with the Hong Kong Stock Exchange. Read
US companies find China less welcoming (at Financial Times)
Government moves to exclude foreign businesses from parts of China s booming market have led to a jump in dissatisfaction among multinational companies and growing complaints of protectionism, according to a survey released on Monday. Read
[$$] U.S. Firms Feel Shut Out in China (at The Wall Street Journal)
U.S. Firms Feel Shut Out in China A growing number of U.S. companies feel unwelcome in China as measures aimed at squeezing foreign technology companies out of the vast government-procurement market start to bite. Read
Asia Market Update (at CNBC)
Asian Stocks Fall Led by Resources Read
Australia s Arrow accepts Shell, PetroChina bid (AP)
Arrow Energy Ltd., a major owner of gas assets in Australia, has agreed to a sweetened takeover bid from Royal Dutch Shell and PetroChina Co. worth Australian dollars 3.44 billion . Read
Rift in E.U. Widens Over Importance of Greek Aid (at New York Times)
Chancellor Angela Merkel of Germany said that Greece should solve its own problems, ahead of a summit meeting scheduled for Thursday. Read
[$$] BofA CEO in China This Week (at The Wall Street Journal)
BofA CEO in China This Week Bank of America Chief Executive Brian Moynihan is making his first trip to China this week as the Charlotte, N.C., lender pushes to catch up with rivals in the world s fastest-growing economy. Read
Arrow bows to $3.1 billion bid from Shell, Petrochina (Reuters)
Australia s Arrow Energy Ltd agreed to a fresh takeover offer from Royal Dutch Shell and PetroChina , raised by six percent to A$3.4 billion for most of its Australian assets. Read
Hong Kong stocks pounded, resources lower (at MarketWatch)
Hong Kong shares took a beating early Monday after a retreat on Wall Street, with resource stocks edging lower on softer commodity prices, while property stocks slid amid worries about monetary tightening in China. Read
Kleinwort s Beckwith Makes Case for Japanese Stocks (at The Wall Street Journal)
Making the Case for Japanese Stocks Jeremy Beckwith is chief investment officer of Kleinwort Benson Private Bank. He tells The Wall Street Journal why he likes Japanese equities. Read
[$$] Google to Act on China (at The Wall Street Journal)
Google Near Plan on China Google is expected to announce this week its next steps in China, where it has said its plans to stop censoring search results may force it to close down its site. Read
[$$] Rio Tinto s Trial in China Looms (at The Wall Street Journal)
Rio Tinto Trial Looms Monday s trial of four Rio Tinto executives in Shanghai underscores the limits of foreign power when it comes to shaping the way China treats international companies there. Read
China begins trial of 4 Rio Tinto employees (AP)
An Australian executive and three other employees of mining giant Rio Tinto went on trial Monday on charges of stealing secrets and offering bribes in a case viewed as a barometer of China s handling of foreign business. Read
AXA, NAB Still in Talks; AMP May Revise Bid on Delay (at CNBC)
AXA Asia Pacific and National Australia Bank said talks with AXA s French parent on a $12 billion takeover plan were in an advanced stage, but investors said further delays may spur rival bidder AMP to make a comeback. Read
Asian shares lower, cautious after Indian hike (at MarketWatch)
Asian stock markets are lower, weighed by losses on Wall Street as well as a surprise inter-meeting interest rate hike from the Reserve Bank of India. Read
Asian Markets Tick Lower in Early Trade (at The Wall Street Journal)
Asian Markets Tick Lower in Early Trade Asian stock markets were lower in early trade Monday, weighed down by losses on Wall Street as well as a surprise intermeeting interest-rate increase in India. Read
Craig Stephen s This Week in China: Hong Kong is odd man out on tightening (at MarketWatch)
As the rest of Asia looks set to hike interest rates , Hong Kong s fate is still tied to the U.S. Federal Reserve, thanks to its currency peg to the greenback. And this could cause problems in the territory, writes Craig Stephen. Read
Europe divided on aid to Greece before summit (Reuters)
European leaders sent out conflicting signals at the weekend over aid to Greece, with Germany s Angela Merkel urging Athens to solve its debt problems alone and Italy s Silvio Berlusconi strongly backing EU support. Read
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