Lifestyle
Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer
CREDIT-ratings agency Fitch Ratings has downgraded the long-term Issuer Default Rating of Lippo Malls Indonesia Retail Trust (LMIRT) to “C” from “CC”, it said on Thursday (May 23).It also...
China’s Alibaba to raise US$4.5 billion through convertible bonds, repurchase shares
ALIBABA Group Holding said on Thursday (May 23) the Chinese e-commerce giant would sell convertible bonds to raise about US$4.5 billion and plans to use some of the proceeds...
Alibaba is considering convertible bond sale
ALIBABA Group Holding is considering selling convertible bonds to raise about US$5 billion, people familiar with the matter said, following a US$1.75 billion offering by rival Chinese online retailer...
Hargreaves Lansdown rebuffs £5 billion offer from CVC, Adia
Hargreaves Lansdown has rebuffed a £4.7 billion (S$8.07 billion) offer for the investment platform from a group of private equity buyers including an Abu Dhabi sovereign wealth fund, saying...
China state media warns on speculative trading in special bonds
CHINA’S state media urged investors to refrain from engaging in speculative trades in the latest special sovereign bond, as an illiquid part of the market saw a retail buying...
Lenovo beats estimates with AI helping PC sales rebound
LENOVO Group reported a third successive quarter of better-than-expected profit as the company exited a nadir for PC and server demand.
Chinese factories recoil from paying record copper prices
CHINESE factories are baulking at paying record copper prices, delaying orders for the metal and cutting production as their customers recoil from more expensive products.
China’s lacklustre earnings are nearing an inflection point on stimulus bets
OPTIMISM is growing among market watchers that efforts by Beijing to revive China’s economy will translate into a boost for the bottom line of its heavily-battered companies.About 40 per...
