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Saturday, 17 August 2019

Top News

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  • QIC Shopping draws the crowds

    QIC Shopping draws the crowds

    Socially responsible investing continues to expand in Australia, where QIC Shopping Centre Fund, rated A– (S&P), accessed the Green bond market for the first time last Wednesday with an upsized A$300m (US$201m) six-year issue.

  • Taiwan capex lending takes hit

    Taiwan capex lending takes hit

    A government drive to lure overseas-based Taiwanese companies back home with favourable loans is threatening to hurt its project financing and syndicated loans market as the island braces for a boom in capital expenditure.

  • Contempt ruling against Chinese banks upheld

    A US appeals court has upheld a ruling that found three Chinese banks in contempt for refusing to comply with subpoenas in a probe into North Korean sanctions violations.

  • China's bond market keeps calm

    China's bond market keeps calm

    China’s onshore bond market stayed on course after the renminbi sank to its lowest level against the US dollar since the global financial crisis, even though this added to investors’ concerns about economic headwinds and the escalating US-China trade war.

  • Indian banks curtail share sales

    Indian banks curtail share sales

    Indian banks are dialling down plans to raise capital because of weak market conditions and lack of strong loan growth, despite efforts by the Reserve Bank of India to revive the economy with another rate cut.

  • Asian primary issuance freezes

    Asian primary issuance freezes

    Asian offshore bond issuance ground to a halt early last week, as a sudden decline in the renminbi and further worsening of US-China relations shook global markets.

  • As Europeans slip, Asian banks take share

    European banks had their lowest market share of global investment banking fees in the first half of this year for at least 19 years, and Asian rivals have been the main beneficiaries.

  • CGN Power taps strategic support

    CGN Power taps strategic support

    CGN Power, China’s largest nuclear power producer, is set to raise Rmb12.6bn (US$1.79bn) from the biggest A-share listing in more than a year with the help of strategic investors, as US-China trade tensions continue to weigh on markets.

  • Hong Kong Exchanges and Clearing: Terms over Stock Connect for DCS agreed

    Hong Kong Exchanges and Clearing said it has agreed with China’s main bourses on the terms for making dual-class shares available to mainland Chinese investors using Stock Connect.

  • AMP announces overhaul after record loss

    AMP announces overhaul after record loss

    AMP outlined a A$1.3bn (US$880m) transformation plan as the beleaguered Australian financial services firm reported its worst half-year profit since it went public more than two decades ago.