Posts by Kim Browne
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
[BENGALURU] Brookfield Asset Management is in talks to buy Yes! Communities, a US landlord of manufactured homes, from Singaporean sovereign wealth fund GIC for more than US$10 billion, the Financial Times said on Sunday (Sep 14), citing unnamed sources. Reuters could not immediately verify the report. REUTERS Source link
Read MoreSGX’s new index risks being ‘just another index’ without clear differentiators, caution analysts
While it can raise the profile of larger non-STI stocks and attract fund products, analysts call for more clarity on criteria for inclusion [SINGAPORE] Market watchers have floated ideas for the Singapore Exchange’s (SGX) upcoming equity index – from one that tracks companies earning more than 70 per cent of their revenues at home to…
Read MoreThe Palestinian Organizer Who Wouldn’t Be Silenced
In early March, Immigration and Customs Enforcement arrested Mahmoud Khalil—a Palestinian Columbia University graduate student, campus organizer, and legal permanent resident—and detained him for more than three months, as the Trump administration worked to strip him of his status and deport him. (Khalil has since graduated.) For many, Khalil’s arrest marked a terrifying inflection point.…
Read MorePolitics drive investment divide in South-east Asia’s top markets
POLITICAL upheaval is driving a split in South-east Asia’s financial landscape, as investors bet that the worst may finally be over in Thailand but only just getting started in Indonesia. Foreign investors have pulled US$653 million from Indonesia’s stock market this month, the worst period of selling since April as violent protests and the abrupt…
Read MorePeak number of private equity firms seen running zombie risk
A RECORD number of private equity firms will turn into so-called zombie funds this year, as they struggle to reel in new investor cash, according to Ian Charles, co-founder and managing partner at Arctos Partners. “The fundraising environment is so challenging,” Charles said in an interview with Bloomberg TV on Thursday (Sep 11), adding that…
Read MoreSingPost launches new retail postal service to US in response to import rule changes
The service offers two flat-rate packaging options, with upfront calculation of duties and taxes [SINGAPORE] Singapore Post (SingPost) will from Monday (Sep 15) launch a new postal service to the United States for retail customers, designed in “direct response” to recent changes in US import regulations. The new Speedpost Direct International (Retail) service builds on…
Read MoreKingsmen Creatives chair and deputy chair build stakes
During the five sessions from Sep 5 to 11, 15 primary-listed companies made share buybacks with a total consideration of S$43 million [SINGAPORE] Over the five trading sessions from Sep 5 to 11, institutions were net buyers of Singapore stocks, with net institutional inflow of S$11.1 million, adding to the S$42 million in net institutional…
Read MoreBlockchain billionaire emerges from Figure’s post-IPO surge
[NEW YORK] It took him a few tries, but Mike Cagney is now a billionaire. Shares of blockchain-based lender Figure Technology Solutions have soared almost 40 per cent since Thursday’s (Sep 11) initial public offering (IPO), making him the latest in a recent surge of newly minted crypto-related billionaires. Cagney’s ambitions for the New York-based…
Read MoreHedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that the world is heading towards an oil surplus this year. Money managers cut their net-long stance on West Texas Intermediate by 14,630 lots to 12,657 lots…
Read MoreTicket reseller StubHub’s IPO 20 times oversubscribed, source says
[BENGALURU] Ticket reseller StubHub, which delayed its US listing in April amid market volatility, has drawn over 20 times as many orders for its planned initial public offering (IPO) as there are available shares, a source familiar with the matter said on Friday (Sep 12). The outsized demand for the IPO, which is set to…
Read MoreHong Kong pitches itself as assembly base for China EV makers
[HONG KONG] Hong Kong is in talks with several Chinese electric-vehicle (EV) makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub looks to advanced industries to diversify its ailing economy. The city’s officials aim to develop an EV assembly base – a relatively complex process requiring advanced…
Read MoreIndia tweaks IPO rules to allow easier listing for big firms
[MUMBAI] India’s securities market regulator on Friday (Sep 12) made it easier for very large private companies to go public in one of the world’s top destinations for first-time share sales this year. Companies with market capitalisation of more than five trillion rupees (S$72.9 billion) can now make an initial public offering (IPO) of as…
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