Short seller Carson Block targets Standard Chartered on loan risks
Block, who has in recent months targeted Singapore commodity trader Olam International, is turning his focus to Standard Chartered after Olam became more responsive to investors and won increased backing…
Sinopec, Galaxy IPOs multiple times covered
The listings of two large state-owned enterprises have captured sizeable demand from fund managers, breaking the gloom of Hong Kong’s long-suffering IPO markets. China Galaxy Securities (the mainland’s sixth-biggest brokerage…
BlackRock set to launch more Hong Kong-domiciled funds
BlackRock, the world’s largest fund company by assets, plans to launch more Hong Kong-domiciled funds as part of a deeper push into Asia. The move fits with the government’s aims…
SPG Land shares soar on news of stake deal
Shares of SPG Land (Holdings) surged 86.91 per cent on an announcement that mainland developer Greenland Holding Group will acquire a majority stake in the company. SPG Land, a developer…
Hopewell arm eyes float amid upbeat outlook
Hopewell Hong Kong Properties, a spin-off from the conglomerate Hopewell Holdings, plans to raise up to US$ 800 million from an initial public offering in Hong Kong, cashing in on…
SCMP mulls choices to restore float
SCMP Group said it had shortlisted a handful of measures including a bonus share scheme to restore its public float. The percentage of SCMP’s public float fell to 10.6 per…
Yen falls as Japanese investors eye overseas assets
The Japanese yen yesterday fell to a 4-1/2-year low to trade at more than 100 to the US dollar. The key level was breached after speculation that Japanese institutional investors…
Nikkei up over 3pc after dollar tops 100 yen
Tokyo stocks jumped more than three per cent on Friday morning following the dollar’s surge past the 100 yen mark overnight, underscoring the Japanese currency’s sharp decline in recent months.…
In Sin City, Paulson glosses over his losses: sources
Days after reporting some of the industry’s deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term and reminded a conference audience that…
Einhorn’s advice to investors don’t take my advice
David Einhorn, one of the most closely followed managers in the US$ 2.25 trillion (HK$ 17.46 trillion) hedge fund industry, had some blunt advice on Wednesday for his fellow investors:…
