BTM, Sumitomo Mitsui plan JV for reviving troubled corporates 
Tokyo: Bank of Tokyo-Mitsubishi and Sumitomo Mitsui Banking Corp in September plan to set up a joint fund to rebuild troubled firms by buying their bad loans. 
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US may grill Rebecca in Enron case
Washington: Rebecca Mark, one of the central characters in Enrons India dealings, may come under the microscope of the US federal authorities. 
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White House gets nod for business deals
Washington: Capping an 18-month effort since he took office, US President George W Bush will sign legislation on Tuesday allowing White House to negotiate trade agreements for the first time in eight years.
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CIBC to buy Accenture's venture portfolio
Toronto: Accenture said on Tuesday it will sell its venture and investment portfolio to CIBC World Markets, the investment and merchant banking arm of Toronto-based Canadian Imperial Bank of Commerce. 
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AGF to merge two British fund management firms
Canada's AGF Management Ltd said on Tuesday it would merge two British financial service firms, in one of which it is the largest shareholder.
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Audi H1 profit falls as costs bite
Audi AG, the luxury car unit of Volkswagen AG, said on Tuesday that first-half earnings fell due to higher development and sales costs and lower earnings from investments.
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Ageing Asia needs to rethink policy, welfare: ADB
Asian governments will have to look towards market-oriented policies and rethink social welfare as populations grow older and more urban, the Asian Development Bank said on Tuesday.
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IMF predicts gloomier economic outlook for US
New York: The slump in equity markets, a host of accounting scandals and an uncertain outlook for business profits have increased the chances the US economic recovery will be weaker than expected, the International Monetary Fund said on Monday.
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Singapore chants the mantra of change
Singapore, the city state of four million people, once a fierce Asian Tiger, is chanting a mantra of change as it shakes off its worst recession since 1964 and works on restructuring the economy to stay competitive.
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Jet Aviation Intl up for sale, Warren Buffet not in race 
Jet Aviation International SA, the worlds leading business aviation services company, is up for sale, but reports that it is to be sold to Warren Buffet are false, a company official said on Monday. 
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BMW plans to raise sales by One-third in Five years 
Frankfurt: BMW AG plans to increase worldwide sales by nearly a third to more than 1.3 million vehicles within five years from over 1 million this year, the German automakers Chairman Helmut Panke said on Monday.
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