Category: Market News

Hong Kong
March 28, 2024 BY Elizabeth Anderson

Bondholders Opposed to Shimao Group’s Restructuring of Offshore Debt

In a Chinese property landscape full of obstacles, this casts an ever-growing shadow over the property developer’s future. Based on a Reuters report, the offshore creditors’ financial advisor, Houlihan Lokey, said:  The ad hoc creditor group firmly opposes Shimao’s restructuring proposal, (and) will unequivocally vote against it and other scheme creditors ought to do the…

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Deutsche Bank building
March 28, 2024 BY PureContent

Deutsche Bank Releases Singapore Dollar Bonds

The offering has drawn significant attention from investors not only in the Asia Pacific region but also globally. Fiona Ip, Deutsche Bank’s APAC treasurer, commented: Importantly, this issuance also represents the attractiveness of the Singapore dollar bond market, following strong recent deal flow and investor interest. Deutsche Bank returns to the SGD market for the…

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Oil driller and gold coins
March 27, 2024 BY PureContent

Weekly Data: Oil and Gold: Price Review for the Week Ahead

The most important economic data for this week are: Thursday: US quarterly GDP growth rate on Thursday at 12:30pm GMT. Market participants are expecting the figure to come out at 3.2%, down from 4.9% in the previous quarter. This data might have already been priced in as it’s for the previous quarter, though any significant…

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Medical globe
March 26, 2024 BY Elizabeth Anderson

Ingersoll Rand to Take Over ILC Dover

The latter is an investment company managing an estimated $50bn in assets. ILC Dover specialises in the design and manufacture of biopharmaceutical and medical devices and also provides aerospace solutions. The organisation has 11 engineering and production facilities in Asia, North America and Europe. In terms of the agreement, Ingersoll Rand will pay approximately $2.3bn…

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Row of houses
March 26, 2024 BY Robert Bell

Ageas Abandons Direct Line Takeover

The Belgian company confirmed that it won’t be making any more bids for Direct Line. This announcement came on Friday and followed two previous bids being turned down by Direct Line. The second of those bids, which valued each share at 239p ($4.62 AUD) and was worth £3.17bn ($6.13bn AUD), was rejected by the British…

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March 25, 2024 BY Robert Bell

Apple Loses Value Over Regulator Fears

This took the loss in the year so far to 11%. Apple is no longer the world’s most valuable company, with Microsoft (MSFT) now having a market capitalisation of over $3tn, while Apple has slipped under that figure to around $2.65tn. Part of the reason for the recent fall is that nervousness has set in…

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March 21, 2024 BY Robert Bell

Chipotle Mexican Grill Shares Boom After Split Announced

This move would see shareholders get 49 extra shares for every share held on 18 June. Their plan still needs approval from their shareholders, which will be sought at their next annual meeting which is due to be held on 6 June. The post-split CMG stock will be traded from 26 June onwards if approved.…

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