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North Korea close to completing new nuclear reactor, says 38 North

BLOOMBERG Satellite images indicate North Korea may be close to completing a new reactor in its major nuclear complex in Yongbyon, according to 38 North, a Washington-based website that tracks events in the country. Construction crews are working on a support building at the site’s Experimental Light Water Reactor (ELWR) development and water discharges have been spotted near the ELWR’s ...

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China ready to speed up talks with Asean on South China Sea

BLOOMBERG China is ready to work with Malaysia and other Southeast Asian nations to speed up consultation for a South China Sea code of conduct, Xinhua reported, citing Premier Li Qiang. Beijing is prepared to collaborate to jointly maintain peace and stability of the area, Li was cited as saying during a meeting with visiting Malaysian Prime Minister Anwar Ibrahim. ...

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ICICI plans to double wealth bankers, eyes $60b of assets

BLOOMBERG ICICI Securities Ltd aims to double its wealth managers and boost the assets from rich clients to $60 billion in the next two years, as competition ramps up in India’s rapidly growing wealth industry. The current crisis at Credit Suisse Group AG and the uncertainty around its wealth business in India could provide some hiring opportunities, said Anupam Guha, ...

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