India's Jindal Steel & Power Ltd. (532286.BY) is close to buying a controlling stake in Canadian coal mine owner CIC Energy Corp. (ELC.T), the Economic Times daily reported Wednesday, citing people close to the development.

Thai Beverage PCL (Y92.SG) said Wednesday it is in talks with Singapore's Oversea-Chinese Banking Corp. Ltd. (O39.SG) and the bank's insurance unit to acquire their combined stake in Singapore-listed beverage group Fraser And Neave Ltd. (F99.SG) in a deal potentially worth about US$1.64 billion.

Average housing prices in 70 Chinese cities covered in a government survey were flat in June from May, ending eight straight months of declines since October and adding to recent upbeat property sales data that are strengthening views that the domestic real estate sector could have bottomed.

South Korea's anti-trust agency is visiting the headquarters of the four biggest banks in the country as part of an investigation into possible collusion on certificate of deposit rates by brokerages or banks, several banks said Wednesday.

Offshore investors swung to net sellers of U.S. dollars via dollar/won nondeliverable forward contracts in the second quarter as global financial market jitters eased slightly, the Bank of Korea said Wednesday.

A few Bank of Japan members said the central bank should stand ready to take appropriate actions "without ruling out any options in advance," if euro-zone debt problems threaten financial stability in the country, according to minutes of the central bank's June meeting, released Wednesday.

U.S. companies may bid for offshore projects in the South China Sea, state-run newspaper China Daily reported Wednesday, citing the chairman of China National Offshore Oil Corp., China's largest offshore oil and gas producer by capacity.

U.S. companies may bid for offshore projects in the South China Sea, state-run newspaper China Daily reported Wednesday, citing the chairman of China National Offshore Oil Corp., China's largest offshore oil and gas producer by capacity.

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