The Dow Jones Industrial Average jumped more than 400 points overnight stateside to a record closing high of 31,961.86. ( read original story ...)
Singapore bank UOB eyes lower credit costs, Q4 profit falls 32%
United Overseas Bank Ltd reported a 32% fall in quarterly profit as Singapore's smallest listed bank said its net interest income declined and credit losses swelled. SINGAPORE, Feb 25 (Reuters) - ... ( read original story ...)
Singapore bank UOB reports 32% drop in Q4 profit
United Overseas Bank Ltd UOBH.SI reported a 32% fall in quarterly profit as Singapore's smallest listed bank said its net interest income declined and credit losses swelled. UOB said on Thursday that ... ( read original story ...)
Aztech Global files draft IPO prospectus, 17 cornerstone investors named
Aztech Group, which was privatised back in 2017 by executive chairman Michael Mun, plans to list its technology unit Aztech Global. The company has on Feb 24 filed its preliminary prospectus with the ... ( read original story ...)
Blackstone owned autocomp firm Sona Comstar files for ₹6,000 cr IPO
The IPO comprises a fund raise via fresh issue amounting to ₹300 crore and an offer for sale aggregating up to ₹5,700 crore by Singapore VII Topco III Pte Ltd.Sona Comstar will use the proceeds from t ... ( read original story ...)
Sona BLW files for Rs 6,000 crore IPO
Automotive supplier Sona BLW Precision Forgings has filed papers with the stock market regulator to raise and aggregate of Rs 6000 crore via initial public off ... ( read original story ...)
Proxtera and Tazapay Partner to Propel Cross-Border Trade for SMEs
Proxtera, a network of business-to-business (B2B) marketplaces that facilitates cross-border trade for small-medium enterprises (SME), ... ( read original story ...)
Singapore: Inflation forecast to pick up pace in 2021 – UOB
Economist at UOB Group Barnabas Gan assesses the latest inflation figures in Singapore. Key Quotes “Singapore’s consumer price index rose for the second straight month at +0.2 ... ( read original story ...)
Biggest ever IPO in auto component segment! Blackstone promoted Sona Comstar files for Rs 6000 crore IPO
Between FY16-20, the company has seen its total operating income grow at the CAGR of 10.9%. In FY 20, as compared to the top 10 publicly listed auto component manufacturers in India by market ... ( read original story ...)
Blackstone-backed Sona Comstar files papers with Sebi for Rs 6,000 cr IPO
The public issue will include a fresh issue of shares amounting to Rs 300 crore and an offer for sale aggregating to up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an ... ( read original story ...)
Sona Comstar files for ₹6,000-crore IPO
Sona BLW Precision Forgings, an automotive technology company backed by global private equity major Blackstone Group, has filed early papers with market regulator to raise ₹6,000 crore through an ... ( read original story ...)
Sona Comstar files for Rs. 6000 cr IPO
One of India''s leading automotive technology companies and a major manufacturer and supplier to global EV markets, Sona BLW Precision Forgings Ltd has filed its papers with the regulator to raise and ... ( read original story ...)
‘The trough has been reached,’ Singapore’s OCBC Bank says after earnings release
Samuel Tsien, group chief executive of OCBC, discusses the bank's latest financial results. The second-largest bank in Singapore reported a 9% year-on-year decline in fourth-quarter profit. ( read original story ...)
Spectators to be allowed at Singapore Tennis Open, with COVID-19 test and cap on capacity
SINGAPORE: Spectators will now be allowed at the Singapore Tennis Open - for the semi-finals and finals on Feb 27 and 28 - with the venue capacity ... ( read original story ...)
Singapore Says Its Banks Don’t Hold ‘Significant Funds’ From Myanmar
Reports that Myanmar has foreign reserves deposited in the city state prompted online calls for any such assets to be frozen and kept out of the military regime’s hands. ( read original story ...)
Agricultural Bank of China prints dual-currency deal
Agricultural Bank of China, rated A1/A/A, has printed a nearly US$1bn-equivalent dual-currency, three-tranche Reg S notes offering denominated in US dollars and Hong Kong dollars. Through its ... ( read original story ...)