Posts by Yurie Miyazawa
Wilmar raises its stake in Pakistan edible oils maker to 42.17%
The group’s subsidiary and a related company buy around US$15.4 million worth of shares in Unity Foods WILMAR International has upped its effective stake in Unity Foods, a Pakistan-listed edible oils and industrial fats producer, to 42.17 per cent, the Singapore mainboard-listed agribusiness announced on Friday (Jun 28). It increased its interest through its wholly…
Read MoreIndia’s Jio, Bharti Airtel hike call tariffs for first time in three years
RELIANCE’S Jio and Bharti Airtel, India’s two largest telecom operators, raised their tariffs for the first time in three years, aiming to begin recouping the billions poured into 5G technology over two years. Bharti Airtel said on Friday it would raise tariffs by 10 to 21 per cent, a day after market leader Jio said…
Read MoreAsia to emerge as hot spot for equity deals as India activity surges
A POSSIBLE revival in IPOs in Hong Kong after a pickup in Chinese regulatory approvals, and a string of mega deals in India are expected to make Asia a bright spot for equity deals in the second half of this year, bankers and analysts said. Despite the extended downturn in Asia initial public offerings (IPOs),…
Read MoreAt least four companies launch Hong Kong IPOs to raise about US$500 million
Bankers are hoping an increase in Chinese regulatory approvals and a surge in Indian deals will make Asia an equity capital market hotspot in H2 2024 At least four companies ranging from a US-based jet manufacturer to a Chinese generative artificial intelligence (AI) firm launched Hong Kong initial public offerings (IPOs) on Friday (Jun 28)…
Read MoreAt least four companies launch Hong Kong IPOs to raise about US$500 million
Bankers are hoping an increase in Chinese regulatory approvals and a surge in Indian deals will make Asia an equity capital market hotspot in the second half of 2024 At least four companies ranging from a US-based jet manufacturer to a Chinese generative AI firm launched Hong Kong initial public offerings on Friday (Jun 28)…
Read MoreJapan’s Topix reaches 34-year peak as financials gain, tech rebounds
Japan’s Topix stock index climbed to a 34-year high on Friday (Jun 28), as banks gained amid a gradual rise in domestic bond yields and technology shares rebounded from a sell-off in the previous day. The Topix ended the day up 0.57 per cent at 2,809.63, having earlier hit its highest since the country’s asset…
Read MoreRoof collapses at Delhi airport, one dead, departures cancelled
A ROOF collapsed under heavy rainfall and winds at the main airport in India’s capital New Delhi on Friday (Jun 28), killing one person and causing authorities to cancel flights from one terminal, officials and media said. A portion of the canopy at the departures area of Delhi airport’s terminal 1 collapsed at 5 am…
Read MoreAsia: Yen weakens further to put focus on Tokyo, Asian equities rise
THE yen extended losses to a fresh 38-year low on Friday (Jun 28), putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day. Asian equity markets advanced following a positive lead from Wall Street, though there is speculation of a possible…
Read MoreTencent rides hit game for China’s biggest gain in market value
A HOT new online game is refuelling investor optimism for Tencent Holdings, driving China’s biggest stock boost of 2024. Its shares have rallied 28 per cent so far this year with help from the strong debut of Dungeon & Fighter Mobile (DnF Mobile), adding US$91 billion in market value, more than any other Chinese company.…
Read MoreJapan’s benchmark Topix stock index is heading for 1990 high
JAPAN’S Topix index is on course to regain its 34-year high as the equity benchmark finds support from financial stocks that benefit from higher interest rates, and as more companies take steps to improve shareholder returns. The nation’s broadest equities gauge climbed to as high as 2816.62, above its Mar 22 peak and heading for…
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