Morgan Stanley job cuts in Asia to hit 15pc Morgan Stanley plans to trim about 15 per cent of its investment banking positions in Asia, higher than the global average of 6 per cent, as it starts a round of job cuts this week, two people with knowledge of the matter sais. They said Asian managing directors Saul Raccah and Leon Guo were among those who would leave. Bloomberg CIC may pare holdings of US treasury bonds China Investment Corp, the country's sovereign wealth fund, could cut its holdings of US treasury bonds as they were becoming a less attractive investment, the official Shanghai Securities News quoted CIC chairman Lou Jiwei as saying. AFP Li & Fung buys UK firm, placed on credit watch Li & Fung has acquired British personal care products firm Lornamead, which owns brands such as Yardley and Aqua Net, for US$190 million. Meanwhile, Standard & Poor's placed Li & Fung on credit watch with negative implications on fears the Hong Kong-listed firm's results for last year could be significantly worse than the rating agency's worst-case scenario. Toh Han Shih ICBC to issue 60b yuan in debt securities Industrial and Commercial Bank of China plans to issue up to 60 billion yuan (HK$74.8 billion) of debt securities with maturities over five years that are eligible to meet capital requirements. Shareholders' approval is required for the issuance. Enoch Yiu Container volume falls for first time in 3 years Hong Kong port's container throughput fell 5.3 per cent to 23.1 million 20-foot equivalent units last year, the first annual decline since 2009, the Port Development Council said. It dropped 11.3 per cent last month after falling 4.3 per cent in November. Toh Han Shih Foreign investment to stay flat, minister says China will attract about the same amount of foreign direct investment this year as last year, Commerce Minister Chen Deming said in remarks on the ministry's website. He also said domestic consumption and investment levels were stabilising. Reuters