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Emerging Markets

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  • India’s Glenmark Life Sciences, a pharmaceutical ingredients maker, has filed draft paperwork for an IPO of new and existing shares.
  • Citi is planning to hire around 2,300 people to support the expansion of its wealth management business in Asia Pacific, as the bank undertakes a restructuring that boosts focus on its four wealth centres.
  • Indonesia palm oil company Perkebunan Nusantara III (PTPN) has signed an extension agreement for a $390.6m loan after almost a year-long discussion with banks.
  • Thai Beverage has postponed the multi-billion-dollar spin-off and listing of its brewery unit in Singapore, citing choppy markets and a surge in Covid-19 cases in Thailand.
  • The government of Malaysia is preparing to return to the dollar market for the first time in five years. It is marketing what will be the world's first sustainability sukuk from a sovereign borrower.
  • Trip.com Group's shares rose on its debut on the Hong Kong Stock Exchange on Monday, following a popular billion-dollar secondary listing by the Chinese travel company.