Singtel buys 16.3% stake in Indonesian bank
SingAPORE: Singapore Telecommunications, Southeast Asia's largest telecommunications operator, said on Friday it has bought a 16.3 per cent stake in PT Bank Fama International for 500 billion rupiah S $48.0 million to pursue banking opportunities in Indonesia....
Updated: 01/21/2022
5 things to know before the stock market opens Tuesday
... as of 11: 20 a.m. in Tokyo , as investors were worried about tighter Federal Reserve policy. A report Thursday showing a gain in U.S. jobless claims to a three-month high didn't help quell those concerns. Jun Rong Yeap, a strategist at IG Asia in Singapore said that the market's underperformance in jobless claims was insufficient to drive any significant change in the pace of Fed policy tightening. S&P 500 futures and Dow Jones futures dropped as much as 0.8% and 0.5%, respectively. The lackluster ...
Updated: 01/21/2022
Second SPAC debuts in Singapore
SINGAPORE: A special purpose acquisition company SPAC backed by European asset manager Tikehau Capital and LVMH chairman Bernard Arnault started trading in Singapore on Friday, the second SPAC to debut in the city-state. SINGAPORE: A special purpose ...
Updated: 01/21/2022
Asian stocks, oil on track for first weekly loss this year
... protective mask in front of a coronaviruses outbreak, standing in front of an electric board showing Nikkei index outside a brokerage in Tokyo , stands in front of a man wearing a protective mask, amid the coronaviruses disease COVID - 19 outbreak. SINGAPORE Reuters -- Asian share markets and U.S. futures fell on Friday after U.S. stocks took a knock overnight, hurt by concerns over the Federal Reserve 's tightening and weaker than expected economic and earnings data. MSCI's broadest index of ...
Updated: 01/21/2022
South Korea economy likely to grow 0.9% in q4, but COVID 19 cases pose a risk
... pandemic-related measures and the economic slowdown in China , the country's largest trade and investment partner. Exports are likely to give a smaller boost to growth going forward, as they have been a pillar of strength. Krystal Tan, an economist at ANZ in Singapore , said that the ongoing slowdown in China poses another headwind. A separate Reuters poll released a week ago showed growth of 3.9% in 2021. It was expected to drop to 2.9% in 2022 and 2.5% in 2023.
Updated: 01/21/2022
Singapore fintech players seek alternatives to regulatory clampdown
... industry players said there are other ways to protect retail investors from the potential risks of cryptocurrencies instead of a clampdown on consumer advertising. They were responding to a new set of guidelines published by the Monetary Authority of Singapore MAS on Monday, which prohibited cryptocurrencies trading service providers from using public advertisements and engaging third parties like social media influencers. Companies can only advertise on their own corporate websites, mobile applications,...
Updated: 01/20/2022
Indian retailer Future plans to challenge own lenders in Supreme Court
... legal angle and a court gives an order to put a hold on it. Amazon has long argued that Future violated the terms of a 2019 deal they had signed when the U.S. firm invested $200 million in a Future unit. The U.S. company's position has been backed by a Singapore arbitrator and Indian courts.
Updated: 01/20/2022
Adani Wilmar IPO: Red herring prospectus filed against firm
Adani Wilmar, the popular FMCG company set up in 1999 as a 50 - 50 joint venture between Gautam Adani led Adani group and Singapore based Wilmar: will launch its initial public offering IPO on 27 January, according to a company statement released on Thursday. Adani Wilmar, the popular FMCG company set up in 1999 as a 50 - 50 joint venture between Gautam Adani led Adani ...
Updated: 01/20/2022
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