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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Société Générale has named David Gore as head of shipping and offshore finance for Asia Pacific, replacing Gareth Williams, who is taking over as head of loan syndicate and sales for the region.
  • Investors have covered 20% of Ujjivan Financial Services’ Rp8.8bn ($132.3m) Indian IPO by the second day of bookbuilding.
  • The number of offshore RMB hubs has risen rapidly in the last few years to hit 20 last year. But having more offshore hubs does not necessarily equates to more global usage of the currency, say market observers who are hoping China will adopt a new strategy.
  • Japanese sovereign bonds managed to deliver positive returns on Thursday, while almost every other asset class suffered from the Bank of Japan’s decision to reject further loosening of monetary policy
  • Chinese mainland investors, who regulators were driven to dissuade from speculation after last year's spring fling in stock trading, have begun buying commodity futures in record size – and, with it, brought similar alarm and another regulatory pushback.
  • Chinese paediatric nutrition company Biostime International Holdings has put into motion an $845m loan package to refinance debt.
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