Top section
Top section
Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
More articles
More articles
More articles
-
Citigroup disclosed on Thursday that it missed earnings expectations as trading revenues in its institutional clients group declined and repositioning charges along with another round of regulatory actions hit the global bank’s profits. Market share gains among institutional clients, along with low oil prices, could turn things around in 2015.
-
The Swiss National Bank’s decision to abandon its euro peg on Thursday is likely to cripple earnings at Switzerland’s two international investment banks. But it could deliver an unexpected capital boost as well, changing the game as the two institutions race to meet onerous capital rules imposed in the “Swiss finish”.
-
Sunrise Communications Group, the Swiss telecom firm, decided on Thursday to press ahead with its Sfr1.35bn initial public offering, even as the Swiss stock market fell nearly 9% after the Swiss National Bank unexpectedly abandoned its ceiling for the Swiss franc against the euro. -
The failure of the Chung family to divest some of its holdings in Hyundai Glovis this week has brought the restructurings of many South Korean family-owned conglomerates into the spotlight. The pressure on these businesses to simplify their cross-shareholdings has raised expectations of more ECM activity this year. But the negative precedent set by Hyundai has also ignited fears that investors will now view these transactions with more caution, write Rashmi Kumar and John Loh.
-
HSBC has picked Ehren Vokes as its new head of ECM southeast Asia following the departure of Matthew Song, according to sources.
-
Just when it looked like state-backed 1MDB was finally ready to put its energy assets on the market for Malaysia’s biggest IPO in years, the listing has come up against another delay. That hardly inspires confidence in the sovereign wealth fund. But with a new president in place, there is now a chance to set things straight — not only for the country’s capital markets but also for the sovereign itself.
Sub-sections
shared comment list
