The head of Citigroup's Asian operations ruled out selling the US group's stakes in Chinese and Indian banks.
China on Wednesday rejected a $2.4bn Coca-Cola deal that would have been the country's biggest foreign takeover, stoking fears of protectionism and warnings the decision could scupper Beijing's push to invest in overseas mining companies.
The shutdown of capital markets is causing a major headache for private equity firms, hedge funds and investment banks that piled in to Chinese and Indian companies ahead of expected stock market listings.
Commercial banks are moving swiftly to strengthen and expand their operations to service the companies responsible for soaring trade levels between India and China.
New initiatives in the US stores will include the introduction of a new blend of coffee named after the company's first store at Pike Place, Seattle, and the rapid roll out of the new low-level Mastrena machines - which allowing greater eye-contact with customers. The new machines will be introduced into 30 percent of its more than 7,000 US stores by the end of the year, and into three-quarters of its stores by the end of 2010. The company also said it had acquired the Cof
However, the world's largest non-alcoholic drinks company said that it remained well-placed to face any slowing in US consumer demand, as it reported results supported by strong international growth.
Last week's frenzy surrounding India's record initial public offering of Reliance Power was extraordinary - it seemed that everyone wanted a piece of it. The company, expected to make its public debut next month, attracted $190bn for $3bn worth of shares from institutions and retail investors. This week, things could hardly be more different.
Howard Schultz has returned as CEO of Starbucks with a mission: reinvigorating the "romance and theatre" of coffee-making that have been damaged in global expansion.
If 2006 was the year when companies in China and India hinted at their potential to redraw the global landscape for mergers and acquisitions, this has been the year when they started to deliver on their promise.
The differences between China and India, in terms of operating as a foreign investment bank, are highlighted by the contrasting personnel hired to lead the operations.
On the Dealogic measures, China and India now account for nearly half of all investment banking fees earned in Asia, outside Japan.
Romesh Sobti, ABN country head for India, will move to IndusInd Bank, a domestic private-sector institution controlled by the Hinduja family.
Goldman Sachs has amassed $2bn to use for property investments in Asia, a move likely to intensify competition for assets in fast-growing markets such as China and India.
Question: what do Tata, Twenty20 and 20,000 have in common? Answer: mention any of the three Ts in the company of an Indian and be prepared for an animated conversation.