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Saturday, 17 August 2019

Top News

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  • DBS Group: Q2 profit rises 17%

    DBS Group reported last Monday a 17% jump in net profit following record fee income thanks to a strong performance from investment banking and wealth management.

  • Credit Suisse appoints Vietnam country manager

    Credit Suisse has hired Le Hoai Nam from Nomura to become Vietnam country manager and head of Vietnam coverage for investment banking and capital markets.

  • Asahi brews jumbo bridge takeout

    Asahi brews jumbo bridge takeout

    Japanese and international banks are showing strong interest in a takeout financing of a ¥1.2trn (US$11.1bn) bridge loan that is funding Asahi Group Holdings’ proposed acquisition of the Australian operations of Anheuser-Busch InBev.

  • World Bank's Bondi makes ripples

    World Bank's Bondi makes ripples

    The International Bank for Reconstruction and Development is seeking to broaden the investor base for its inaugural Kangaroo blockchain, or so-called “Bondi” bond, issued a year ago in August 2018.

  • Trio steadies Bank of Jinzhou

    Trio steadies Bank of Jinzhou

    Three strategic investors have agreed to take stakes in Bank of Jinzhou as the Chinese government seeks to save the country’s troubled lenders through market-based measures, with more policy easing on the way to ease stress in the financial sector.

  • Irish float stands out in slow Aussie market

    Irish float stands out in slow Aussie market

    A modest IPO from an Irish software company is shaping up as the biggest ASX listing so far this year, providing further evidence that the Australian IPO market remains in the doldrums.

  • Audit probe derails 60 ECM deals

    Audit probe derails 60 ECM deals

    China’s securities regulator has suspended or terminated the review of 60 equity capital market deals following an investigation into the sixth-largest accounting firm in the country.

  • India loosens offshore funding

    India loosens offshore funding

    Indian companies are expected to raise billions of US dollars in the international bond market after the central bank allowed them to refinance rupee debt offshore to alleviate tight credit conditions at home.

  • Philippine Samurai sails through

    Philippine Samurai sails through

    The Republic of the Philippines raised a capped ¥92bn (US$860m) from a four-tranche Samurai bond on Friday, a decent size after the Federal Reserve’s FOMC statement and the escalating US-China trade war heightened market volatility.

  • StanChart on track with 3% profit rise

    StanChart on track with 3% profit rise

    Standard Chartered remains on track to lift returns to double-digits in the medium term after posting a forecast-beating 3% rise in first-half profit and shrugging off concerns about the impact of escalating US-China trade tensions.