Singapore Exchange To Bolster IPO Profile: WSJ
Singapore Exchange Ltd. plans to tighten qualifying criteria for listing on its main board in an effort to boost the exchange's profile and attract higher quality companies, according to report Friday in The Wall Street Journal.
Asian Shares Take Breather After Strong Gains
Asian markets were little changed on Friday, taking pause after the large gains made in the previous session, as select stocks were buoyed by strong U.S. corporate earnings, though weaker employment data spoiled sentiment.
Banks in Libor Probe Mull Group Settlement
Banks under investigation for possible collusion in a widening interest rate scandal are mulling a group settlement to avoid a Barclays-style backlash from regulators and politicians, Reuters reported late Thursday, citing unnamed sources.
ThaiBev: Fraser & Neave Deal Unaffetced by Heineken's Asia Pacific Breweries Bid
Thai Beverage (Y92.SG) said Friday an offer by Heineken (HEIA.AE) to buy out Fraser & Neave Ltd.'s (F99.SG) stake in Asia Pacific Breweries (A46.SG) has no impact on Thai Beverage's purchase this week of 22% of Fraser & Neave.
Deutsche Bank Plans Revamp - Report
Deutsche Bank AG (DB) will curtail its slumping asset management business and reduce employment in investment banking by 1,000 positions, mainly in New York and London, German daily Financial Times Deutschland reported Friday without citing specific sources.
Hong Kong Stocks Waver; Energy Up, Property Down
Hong Kong stocks moved about between modest gains and small losses in early trading Friday, with gains for telecommunication and energy shares providing support as financial and property sectors suffered declines.
Woori Finance: To Refrain from Large-Scale Investments
Woori Finance Holdings (053000.se) Friday flagged a worsening earnings outlook, saying it will cut costs by shelving any large-scale investments and secure liquidity in advance as the global economy continues to falter.
CIMB Bank Prices $350 Million 5-Year Dollar Bond At 99.393 To Yield Treasurys +190BPs - Term Sheet
CIMB Bank has priced a $350 million five-year dollar bond at 99.393 to yield 190 basis points over comparable Treasurys, according to a term sheet seen by Dow Jones Newswires Friday.
Japan Allows Tepco To Raise Power Tariffs By 8.47%
The Japanese government on Friday endorsed a plan for Tokyo Electric Power Co. to raise electricity tariffs by an average 8.47%, instead of the 10.28% hike proposed by the utility, to limit the burden on consumers, Kyodo News reported.
Appeals Court Won't Lift Injunction on Galaxy Tab Sales
A federal appeals court Thursday refused to lift a preliminary injunction that banned sales of Samsung Electronics Co.'s (SSNHY, 005930.SE) Galaxy Tab 10.1 touchscreen tablet computer at the request of Apple Inc. (AAPL).