Capital Market

New REIT ETF Took Off from SGX

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A new ETF, REIT ETF took off today. Nikko AM – Straits Trading ex Japan REIT ETF started its trading on the Singapore Exchange (SGX) today. The security, which was priced at SGD1.00 during its initial offer period, opened slightly higher at SGD1.02 at the start of official trading on the bourse.   The ETF, which tracks […]

Capital Market

China Conglomerates Lined up for New Bonds

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  China Evergrande Group said yesterday it issued USD500 million 7.0% senior notes due 2020 and USD1 billion 8.25% senior notes due 2022. The company said it intends to use to refinance existing indebtedness after deducting the underwriting discounts and commissions and other estimated expenses payable in connection with the notes issue. Approval in-principle has been received […]

Capital Market

Goldman Sachs leaves Blockchain Consortium

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  Goldman Sachs has dropped its membership in an influential Wall Street blockchain consortium after losing a power struggle to influence the direction of the new bitcoin-like technology. Lloyd Blankfein’s bank bailed out of R3, a group of 73 financial companies developing one of the most high-tech — and controversial — technologies in finance aimed […]

Capital Market

Fosun Buys Germany Private Bank

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Fosun International said today it has completed the acquisition of 99.91% equity interest in a German private bank Hauck & Aufhäuser Privatbankiers, for approximately EUR210 million. Through the acquisition, Fosun aims to continue to strengthen its integrated financial capability in German and European market. This acquisition also marks an important move made by Fosun to establish […]

Capital Market

August Macro Economy Recap

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China official PMI slipped into contraction territory while an unofficial survey pointed to an expansion for the first time in 17 months. The government’s manufacturing Purchasing Managers’ Index (PMI) came in at 49.9 in July, versus the 50.0 in June. Whereas the unofficial reading expanded rose above the key 50 level for the first time since February 2015. The […]