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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Ant Turning From Windfall to Nightmare for Global Investors
Bloomberg 12/28/2020 Bloomberg News
(Bloomberg) Two months ago, global investors including Warburg Pincus, Carlyle, Temasek and GIC were on the cusp of a massive windfall from what would have been the world’s largest initial public offering.
Now, returns on the hundreds of millions of dollars they invested with Ant Group Co. are in jeopardy. On Sunday, China ordered Ant to reexamine its fintech businesses spanning from wealth management to consumer credit lending and insurance and return to its roots as a payments service.
While the central bank’s statement was short on specifics, it presents a serious threat to the growth and most lucrative operations of billionaire Jack Ma’s online finance empire. Regulators stopped short of asking directly for a breakup of the company, yet stressed it was important Ant “understand the necessity of overhauling its business” and told it to come up wi
Understanding the Financial Picture Behind Ant s IPO Suspension jamestown.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamestown.org Daily Mail and Mail on Sunday newspapers.
An Epic Year of Market Events Shook China, Hong Kong, Taiwan
Dec 19 2020, 10:17 AM
December 19 2020, 4:30 AM
December 19 2020, 10:17 AM
(Bloomberg) China, Hong Kong and Taiwanâs economies were among the first to suffer from the virus pandemic. They were also home to some of the most dramatic events in global financial markets this year.
(Bloomberg) China, Hong Kong and Taiwanâs economies were among the first to suffer from the virus pandemic. They were also home to some of the most dramatic events in global financial markets this year.
Take Chinaâs equity market, whose value topped $10 trillion for the first time since the 2015 crash and where a liquor maker became the countryâs most valuable stock. The yuan tested a record low offshore before commencing a rally that some say could take the currency to levels not seen since 1993.
Dec 19, 2020
China, Hong Kong and Taiwan’s economies were among the first to suffer from the virus pandemic. They were also home to some of the most dramatic events in global financial markets this year.
Take China’s equity market, whose value topped $10 trillion for the first time since the 2015 crash and where a liquor-maker became the country’s most valuable stock. The yuan tested a record low offshore before commencing a rally that some say could take the currency to levels not seen since 1993.
In Hong Kong, colonial stalwart HSBC Holdings PLC fell to its lowest price since 1995 before becoming one of the city’s best trades. Record foreign inflows into Taiwan’s technology shares were so intense that the central bank had to intervene almost daily to rein in its strongest currency in more than two decades.