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Tuesday, 23 July 2019

Top News

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  • NDRC sparks new property rush

    NDRC sparks new property rush

    International bond sales from China’s property sector show no sign of abating despite new restrictions on the use of offshore bond proceeds in a bid to clamp down on property speculation.

  • Jefferies hires Slone in Asia push

    Jefferies hires Slone in Asia push

    Jefferies has appointed Jonathan Slone as Asia chairman, bagging the biggest scalp so far in its ongoing raid on former CLSA staff.

  • Delta Merlin comes unstitched

    Delta Merlin comes unstitched

    Holders of an Indonesian textile company’s offshore bonds suffered paper losses of two-thirds of their investment in just two days after the company ran into trouble before it had even made a coupon payment.

  • SGX targets new economy listings

    SGX targets new economy listings

    One year after Singapore revamped its listing rules to accommodate companies with weighted voting rights, it is still waiting for its first issuer.

  • AMP shelves life insurance sale

    Australian wealth manager AMP said it would likely pull the A$3.3bn (US$2.3bn) sale of its life insurance unit after the intervention of New Zealand’s central bank, raising concerns about its recovery strategy and sending its shares tumbling.

  • NAB picks RBS's McEwan as new CEO

    NAB picks RBS's McEwan as new CEO

    National Australia Bank has turned to Ross McEwan, the architect of Royal Bank of Scotland’s post-crisis recovery, to become its CEO as it looks to turn the page on a period of turmoil stemming from the country’s inquiry into financial misconduct.

  • Investors snub 'overpriced' Bud

    Investors snub 'overpriced' Bud

    The withdrawal of the up to HK$76.6bn (US$9.8bn) IPO of Budweiser Brewing Company APAC dealt a blow to the Hong Kong stock exchange, and some bankers even questioned whether Asian markets have the depth to absorb listings of its size.

  • Nexon deals blow to LBO market

    Nexon deals blow to LBO market

    Asia’s leveraged finance market suffered a major disappointment after the founder of South Korean video game publisher Nexon scrapped plans to sell a controlling stake in its parent NXC, dashing hopes for what could have been the country’s biggest private equity buyout.

  • Temasek flags slower growth, cautious outlook

    Singapore’s Temasek Holdings posted the smallest rise in its portfolio in three years as key bank stock holdings declined in value, and the state investor said it was increasingly focusing new investments in North America, Europe and on unlisted firms.

  • Axis Bank: Hong Kong and Shanghai branches to close

    Axis Bank is planning to close its Hong Kong and Shanghai branches by the end of this year.