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Goldman Sachs likely to keep stake in DONG after float: Borsen

Goldman Sachs likely to keep stake in DONG after float: Borsen

COPENHAGEN: Goldman Sachs will likely keep a stake in Danish utility DONG Energy after shares in the company are listed in the next 18 months, Michael Spect Bruun, a partner of the investment bank, was quoted saying by newspaper Borsen on Tuesday. The government sold 18 percent of DONG to a group of investors led […]

September 22, 2015 | By | Reply More
Jet fuel hedging positions of European airlines

Jet fuel hedging positions of European airlines

LONDON: The following table shows the percentage of planned jet fuel consumption hedged by European airlines to protect themselves against price fluctuations, and the baseline price. The figures are based on company quarterly and annual results or company statements. Company Disclosure Period Hedging Price date percentage Aer Lingus 29/07/2015 Q2 2015 90 US$856/tonne Q3 2015 […]

September 22, 2015 | By | Reply More
Asia shares rise, dollar firm on Fed, ECB views

Asia shares rise, dollar firm on Fed, ECB views

SINGAPORE: Asian shares rose on Tuesday and the dollar held steady as U.S. markets bounced back and the European Central Bank said it was prepared to ease monetary policy further. European markets are seen steady, with financial spreadbetters expecting Britain’s FTSE 100 and France’s CAC 40 to open flat and Germany’s DAX to start the […]

September 22, 2015 | By | Reply More
Win or lose, Bank of America vote shows new shareholder muscle

Win or lose, Bank of America vote shows new shareholder muscle

BOSTON/NEW YORK: A group of shareholders is looking to strip Bank of America Corp Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote and whether they fail or succeed, they have notched a victory just by getting the bank to hold a special meeting on the matter. Tuesday’s vote is […]

September 22, 2015 | By | Reply More
Safeguards for investors to be strengthened: MAS

Safeguards for investors to be strengthened: MAS

SINGAPORE: The Monetary Authority of Singapore (MAS) will strengthen its regulatory framework for safeguarding investors’ interests, following feedback from a consultation paper published last year. The changes will affect the Securities and Futures Act (SFA), and the proposed amendments will be tabled in Parliament next year, MAS said in a news release on Tuesday (Sep […]

September 22, 2015 | By | Reply More
SME Scorecard to measure credit risk for women-led SMEs in emerging markets

SME Scorecard to measure credit risk for women-led SMEs in emerging markets

New York, Sept. 22: With an eye on helping to close the lending gap for small, women-owned businesses in emerging markets, S&P Capital IQ, a well-known company in financial data, research and analytics, yesterday announced the launch of an SME (small and medium enterprises) Scorecard, designed to provide a consistent and transparent lending framework for […]

September 22, 2015 | By | Reply More
Temasek Holdings to invest S$91m in new venture capital fund

Temasek Holdings to invest S$91m in new venture capital fund

SINGAPORE: Singapore state investment firm Temasek Holdings has committed a total of US$65 million (S$91 million) along with other investors in a venture capital fund being raised by Singapore-based Jungle Ventures, which will put money into about 20 technology startups. The new fund expects to close at US$100 million in funding in three months. Other […]

September 22, 2015 | By | Reply More
Don't blame 1MDB for slumping Malaysia Ringgit, says the state fund

Don't blame 1MDB for slumping Malaysia Ringgit, says the state fund

KUALA LUMPUR: The fall of the Ringgit is not tied to the performance of 1MDB, the state fund said on Tuesday (Sep 22), addressing statements made publicly by the head of Malaysia’s central bank a day earlier. “All issues pertaining to 1MDB should be resolved. It is only then we can see the ringgit rebound,” […]

September 22, 2015 | By | Reply More
Laugh for a good cause

Laugh for a good cause

BACK by popular demand is Malaysia’s much-loved comedian and philanthropist Allan Perera, who will be performing with more giggles, for charity, in a show sponsored by Brickfields Asia College (BAC). The charity event will be staged at PJ Live Arts in Jaya One from Oct 6 to 11. GET HAPPYEach performance will run for a […]

September 22, 2015 | By | Reply More
Boost to Cradle’s co-investment fund

Boost to Cradle’s co-investment fund

KUALA LUMPUR: CRADLE Fund Sdn Bhd, an agency under the Finance Ministry, has raised a total of RM107.2 million for its co-investment fund following the inclusion of four more partners. The four partners — Senior Marketing System Asia Pte Ltd, East Ventures SEA 2, MOC Capital Bhd and Qeerad Holdings Sdn Bhd — collectively bring […]

September 22, 2015 | By | Reply More