Thursday, July 9, 2020

Markets mixed after Beijing approves HK security bill

Markets in Asia finished in a mixed state on Friday, as investors took a wait-and-see approach to the global reaction to Beijing’s approval of its controversial security bill for Hong Kong, which...

Chinese delivery platform Dada Nexus plans to raise $500 mn in US IPO

China-based delivery platform Dada Nexus is planning to raise around $500 million by listing for an initial public offering (IPO) in the US, the media reported. Dada Nexus listed...

Singapore’s healthcare market to reach S$29.8 billion in 2020

Singapore’s healthcare market is anticipated to reach S$29.8 billion in 2020, media reports said. This reflects a 9 percent increase on last year’s healthcare market growth of S$27.3 billion. That said, the market is expected...

DP World sees surge in demand as factories resume operations in China

Dubai-based global port operator DP World has witnessed a surge in demand as factories in China resumed operations, which were earlier shut down due to the coronavirus outbreak, the media reported. DP...

Oil prices lose all gains with pause in US-Iran tensions

Prices post first weekly loss in six weeks as tensions fail to disrupt any oil supplies Easing of US-Iran tensions that threatened to boil over have wiped out all of oil’s gains from last week,...

Non-Arab net investments in UAE markets hits Dh12.5 bn

Foreign investors execute capital market trades worth Dh218 bn in 2019 in the UAE markets The net investments by non-Arab overseas investors in the UAE markets rose by 11 times to reach Dh12.5 billion last...

London Stock Exchange (LSE) shareholders sceptical of Hong Kong £32 bn bid

Investors have shown their concern regarding the regulatory and financial hurdles involving the deal   LSE shareholders are sceptical and unwilling to let go of their ownership as Hong Kong Exchanges and Clearing (HKEX) has placed...

Expedia Group, Inc. Announces Proposed Private Offering of Senior Notes

Today, Expedia Group, Inc. ("Expedia Group") announced that it is commencing a private offering of senior unsecured notes (the "Notes"), subject to market and other conditions. If the offering is consummated, Expedia Group expects...

London Stock Exchange acquires data provider Beyond Ratings

The acquisition comes as part of LSE’s continued efforts to invest in its Information Services business London Stock Exchange  announced that it has acquired Beyond Ratings, an independent financial services company,...

Blackstone to acquire GLP’s US logistics assets for $18.7 bn

As part of the deal, Blackstone will take in $8 billion in net debt American multinational private equity group Blackstone is acquiring Singapore-based logistics provider GLP for $18.7 billion, according to media reports.

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