United Kingdom

Elzio Barreto

Hong Kong, Singapore to link up trade finance blockchain platforms

25 Oct 2017

HONG KONG Hong Kong and Singapore's de facto central banks unveiled plans on Wednesday to link trade finance platforms they are developing with blockchain technology, to reduce potential fraud and errors in the multi-trillion-dollar funding of international trade.

Tencent unit China Literature launches up to $1.1 billion HK IPO

23 Oct 2017

HONG KONG China Literature Ltd, China's largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business.

Nasdaq, SGX in pact to woo firms interested in listing on both boards

19 Oct 2017

Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.

Bain defends Asatsu-DK bid as shareholder opposition grows

18 Oct 2017

HONG KONG/TOKYO Bain Capital defended its $1.35 billion (£1 billion) offer to buy Asatsu-DK Inc on Wednesday as shareholder opposition to the deal grew, saying the offer is "fully priced".

U.S. exchanges set for highest number of Asian IPOs since 2010

17 Oct 2017

HONG KONG U.S. exchanges are set to record their busiest year for IPOs from Asian firms since 2010 and may sustain the pace in 2018, as startups from Taiwan, Singapore, Indonesia and Vietnam join a flurry of Chinese firms that have already listed in the country.

Kazakhtelecom may be first key state company to list abroad in 2018

16 Oct 2017

HONG KONG Kazakhstan's largest telecom operator may be the first of three big state-run companies to list abroad in 2018, an executive at the Kazakh sovereign wealth fund said on Monday, as the country looks to attract billions of dollars in its privatization drive.

HK regulator drops lawsuit against StanChart, UBS over 2009 IPO - sources

13 Oct 2017

HONG KONG Hong Kong's securities regulator has dropped a lawsuit against Standard Chartered Plc and UBS Group AG over their roles in the 2009 IPO of timber company China Forestry Holdings Co Ltd, two people with knowledge of the matter said.

China's PINTEC launches Singapore robo advisor backed by insurer FWD

12 Oct 2017

HONG KONG Financial technology company PINTEC Group said on Thursday it launched a venture in Singapore, its first outside China, betting on booming demand for automated investment advice in fast-growing Southeast Asian countries.

Hong Kong regulator probing 15 firms for IPO sponsorship roles

11 Oct 2017

HONG KONG Hong Kong's securities regulator is probing "substandard work" by 15 firms in their roles as sponsors for initial public offerings (IPOs) in the Asian financial hub, a senior official said on Wednesday.

Hong Kong regulator aims for 'northbound' China investor ID system in 2018

10 Oct 2017

HONG KONG Hong Kong's securities regulator plans to implement a real-time investor identification system around mid-2018 for "northbound" trading under the Stock Connect program with China, its chief said, a move aimed at detecting potential misconduct.

World News

War not over, says Ethiopia's Tigrayan forces leader

The leader of Ethiopia's rebellious northern forces said on Monday he was still fighting close to the regional capital of Mekelle after it was captured by government troops following nearly a month of battles and air strikes.