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Currencies
Qatar comes to the rescue of Turkey with US$15b investment package; lira rallies
ISTANBUL (Aug 16): The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a US pastor, as Qatar pledged US$15 billion ($21 billion) in investment to Turkey, supporting a rise in
August 16, 2018
Currencies
Mobius warns of 'real possibility' of capital controls in Turkey
(Aug 14): There’s a “real possibility” Turkey will impose capital controls to stem the plunge in the lira, which would be bad for the whole developing-nation asset class, said veteran emerging-markets investor Mark Mobius.
August 14, 2018
Currencies
Lira extends slide as Erdogan says Turkey in economic war
(Aug 13): Turkey’s lira slumped for a fourth day to a new record low, with the selloff spreading to other emerging-market currencies, after the country’s president showed no signs of backing down in a standoff with the US.
August 13, 2018
M&A
Temasek, GIC said to mull stake in owner of Salt Bae steakhouse
SINGAPORE (Mar 8): A consortium of three global investors comprising Singapore’s sovereign wealth fund GIC and Singapore investment firm Temasek, as well as London investment firm Metric Capital, are said to be close to buying a minority stake in a rest
March 08, 2018
Broker's Calls
Growth is a given for this leading healthcare stock, but the risks are still aplenty
SINGAPORE (June 5): Maybank Kim Eng Research is maintaining its “hold” call on IHH Healthcare with a higher price target of RM6.17 ($2) from RM5.62 previously, highlighting the stock as a healthcare leader in the premium hospital segment with a strong
June 05, 2017
Vallianz announces new contract wins worth up to $160 mil
SINGAPORE (May 23): Vallianz Holdings has secured long-term charter contracts valued at up to a total of US$115 million ($160 million) for four vessels, which were awarded by as two offshore marine services companies based in Egypt and Turkmenistan respec
May 23, 2017
Currencies
What’s the big deal about redenominating the rupiah?
SINGAPORE (Dec 21): Redenomination of the rupiah (IDR) is back on the cards for Indonesia, revealed the country’s central bank governor, Agus Martowardojo, on Monday.
December 21, 2016
Global Markets
Wall Street extends rally but Germany truck deaths reduce gains
(Dec 20): Wall Street extended a recent rally on Monday but finished the session short of earlier highs after several people were killed by a truck driven into a Christmas market in Germany.
December 20, 2016
Russian ambassador shot dead in turkey as Syria roils region
ISTANBUL/ANKARA (Dec 20): Russia’s ambassador was shot dead in the Turkish capital on Monday in an assassination apparently linked to Syria’s civil war, heightening tensions over a conflict that’s drawn in almost all the region’s main powers.
December 20, 2016
Global investor risk aversion surges with geopolitical turmoil
SINGAPORE (July 27): July’s State Street Investor Confidence Index (ICI) results have revealed that global investor confidence has fallen to 98 points, which is 7.7 points lower from June’s revised reading of 105.7.
July 27, 2016