Asia
HMRC issues first accelerated payment notices
HM Revenue & Customs has issued its first accelerated payment notices to suspected tax avoiders, and will continue to do so on a monthly basis until it has sent out over 40,000 demands.
Alquity launches sustainable Future World Fund
Alquity Investment Management has launched its Future World Fund, with the aim of using its four existing regional products to access growth potential in emerging and frontier markets across Africa, Asia, Latin America, and the Indian Subcontinent.
CITIC and former directors facing legal action
State-owned Chinese conglomerate CITIC and five of its former directors are facing legal action from the Hong Kong authorities which allege they provided false or misleading information when the firm incurred “massive losses” in 2008.
Ashmore steps up operations in the Gulf
Ashmore appears to be stepping up its activity in the Middle East, with the appointment of its former Turkey chief executive to lead its efforts in Saudi Arabia.
Axa appoints two to Asia fixed income team
Axa Investment Managers has made two additions to its fixed income team in Asia, as it attempts to bolster its coverage of the region.