Noble may see some light at the end of a months-long tunnel of attacks, with its stock surge after a report on its accounting suggesting a sentiment shift.» Read More
*Philip Morris had aimed to raise at least $1 bln by cutting stake. JAKARTA, Aug 13- Philip Morris- owned Indonesia cigarette maker Sampoerna is planning a rights issue that will raise nearly $2 billion to meet stock exchange free-float rules, in what will be the Southeast Asian nation's biggest share sale in seven years. Sources previously said that Philip Morris...
HONG KONG, July 24- Private equity firms KKR& Co and TPG Capital are making poor returns on their investment in China International Capital Corp, the country's oldest investment bank that is readying an IPO but has struggled to compete with younger rivals. CICC, formerly led by Levin Zhu, the' princeling' son of former Chinese premier Zhu Rongji, filed late on...
Singapore's annual exports unexpectedly rose in April on strong Europe demand, but there were weaknesses in shipments to the US and China.
*HSBC plans to quadruple staff numbers. The station, 90 kilometres north of Hong Kong, is on the first open section of a super fast rail network in China's Pearl River Delta that HSBC is betting will turn the prosperous region of 40,000 square kilometres into a seamless metropolis that can fuel the bank's growth in the next decade. A visit to the area though shows up...
HSBC is betting on China's Pearl River Delta for growth, but the region's patchy development underlines the risks in the bank's Asia "pivot" strategy.
*HSBC plans to quadruple staff numbers. The station, 90 kilometers north of Hong Kong, is on the first open section of a super fast rail network in China's Pearl River Delta that HSBC is betting will turn the prosperous region of 40,000 square kilometers into a seamless metropolis that can fuel the bank's growth in the next decade. A visit to the area though shows up...
Stories that begin with central banks easing bank lending requirements don't often end happily, but Indonesia may dodge creating a credit bubble.
Ahead of a transition back to normal interest rates, Singapore's Oversea-Chinese Banking (OCBC) is cautious of the credit environment ahead.
Indonesia's economy stumbled, with first-quarter growth below expectations, amid signs the government's stimulation efforts may be falling short.
Asian stocks plummeted on Thursday amid a mixed bag of corporate earnings and renewed concerns over the state of the U.S. economy.
Reforms of Indonesia's easily-sidestepped luxury property taxes may be on ice, but the taxman is likely still coming for the wealthy, analysts said.
China's economic growth for the first quarter of 2015 could well hit a multi-year low, experts say.
Gold dropped for a fourth session in five on Monday, drifting almost 1 percent below $1,200 an ounce as the dollar firmed.
China’s most recent effort to prop up its real estate market is not enough, and interest rate cuts are the best remedy, analysts say.
Noble's shares dropped for a second day despite analysts' skeptical view of an anonymous, critical research report comparing the company to Enron.
Noble Group has become the latest target of a critical research report, sending its shares sliding, but this time, it's spurred questions about the report's writer.
Gold fell as uncertainty in Greece after the ECB said it would no longer accept Greek bonds in return for funding left investors on the sidelines.
China’s margin lending crackdown has spurred a knee-jerk selloff, but analysts aren’t convinced it’s anything more than a hiccup in the bull market.
Singapore's economic growth disappointed in the fourth quarter, as manufacturing contracted and tourism slumped.
While Singapore's property market has cooling signs, with volume of new private home sales halving, it has defied expectations of a sharp correction.