23/02/2009
HSBC has appointed Jeff Bennett as head of leveraged and acquisition finance - Asia-Pacific, with immediate effect. Bennett role is to lead HSBC's efforts in Asia to extend and expand its capabilities in event driven investment grade and non-investment...
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23/02/2009
The world's most powerful global Sovereign Wealth Funds (SWFs) confirm they are still awaiting the bottom of the market before committing to further substantial investments, according to a survey by Financial Dynamics International. The survey found SWFs were unanimous...
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23/02/2009
Figures from HSBC have shown China's export growth fell to a decade low of -17.5% year-on-year in January, which was weaker than market expectations. Following two consecutive months of negative readings in November and December, the tumbling export growth...
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23/02/2009
Research from Barclays Wealth has claimed the Asian markets are relatively inexpensive and represent good medium-term value relative to the Standard & Poor's 500. Of the individual markets in the region, China and India stood out as the most...
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23/02/2009
UBS has agreed to a USD780m fine to avoid charges relating to the investigation of its US cross-border business. As a result of ongoing investigations relating to its US cross-border business, it has also confirmed it has entered into...
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23/02/2009
Chew Soon Gek, Portfolio Manager Asia Pacific at Deutsche Bank Private Wealth Management discusses risk aversion, and the importance of maintaining a current account surplus. What are your predictions for the world economy over the course of 2009, and...
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16/02/2009
The global asset management arm of Bank of New York (BNY) Mellon has launched two new investment boutiques, one focused on the management of domestic Australian equities and the other on emerging markets equities and global fixed income. Ankura...
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16/02/2009
LaSalle Investment Management has appointed David Edwards to the role of fund president of the firm's Asia Property Fund. His previous role as Asia Pacific head of research and strategy has been taken over by Kenneth Tsang who joins...
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16/02/2009
Credit Suisse's fourth-quarter losses for 2008 were substantially greater than those in the third, but the Group has reported a strong start to 2009 with all sectors in profit. Credit Suisse Group has reported a full-year net loss of...
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16/02/2009
East Asia's local currency bond markets will expand this year as a result of the economic stimulus packages, according to a report from the Asian Development Bank (ADB). With several governments likely to sell debt to pump-prime their economies,...
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16/02/2009
Chinalco's has moved to increase its shareholding in the international mining group Rio Tinto through aggregate cash proceeds of US$19.5bn. The deal will also entitle Chinalco to nominate two new non-executive Board members (one independent under applicable corporate governance...
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09/02/2009
The fallout form the credit crisis has caused companies to shift their investor relations strategies and increase communications with analysts and investors, according to The Bank of New York Mellon. However, it found Asia Pacific businesses are taking a...
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09/02/2009
Research from HSBC has claimed the economic downturn may drive over 20m migrant workers out of work. However, it pointed out that this would not be the most sizeable loss in recent history, as when the state-owned enterprises (SOEs)...
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09/02/2009
The Hong Kong Monetary Authority (HKMA) has referred seven cases involving complaints of alleged misconduct in respect of investment products related to Lehman Brothers to the Securities and Futures Commission (SFC). The seven cases, which are the fifteenth batch...
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09/02/2009
VinaLand Limited has announced its 16.8% return on net asset value for the 2008 calendar year was the top performance of any Vietnam-dedicated investment fund. VinaCapital's AIM-quoted investment vehicle was established to target key growth segments within Vietnam's emerging...
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09/02/2009
Deutsche Bank has released unaudited figures for the fourth quarter and full year 2008 showing a net loss of EUR 3.9bn and a loss before income taxes of EUR 5.7bn. For the fourth quarter 2008, the bank reported a...
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02/02/2009
Global index provider FTSE Group (FTSE) has completed the acquisition of US-based quant firm Pensions Benchmark Corporation (PBC). FTSE has confirmed it will look to integrate PBC's systems and database within its own operational framework to further expand its...
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02/02/2009
A new report from Credit Suisse (CS) has highlighted the full extent of the losses experienced by hedge funds in 2008. The Broad Index - a diversified and asset weighted hedge fund index comprising of 496 hedge funds -...
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02/02/2009
Crédit Agricole S.A. and Société Générale have signed a preliminary agreement in order to combine their asset management operations. The, as yet unnamed, combined entity will be the fourth largest asset manager in Europe and the ninth largest in...
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02/02/2009
Singapore-based DBS Group has announced its S$4.1 billion rights issue was oversubscribed by 118.8%. It reported valid acceptances and excess applications were received for a total of 903.5 million rights shares - representing approximately 118.8% of the total number...
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02/02/2009
The Securities and Futures Commission (SFC) has issued a reprimand to Sun Hung Kai Investment Services (Sun Hung Kai) in respect of internal systems and controls relating to the sale of Lehman Brothers Minibonds to its clients since 2002....
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