As the market digests news of PCCW and Telstra''s write down of their holdings in Reach, bankers reveal they are close to agreeing new terms on its outstanding debt.
The darlings of Asia''s hedge fund market, Scobie Ward and Peter Ferry, have closed their $200 million fund allowing only existing investors to up their stakes.
VCHEQ, a Singaporean based e-business payment company, has launched an online payment service which connects banks and B2B merchants - but will the banks come out to play?