Welcome!
asset management
Global Markets
More pain looms for EMs as lousy quarter sputters toward end
SAO PAOLO/NEW YORK(June 29): A dark quarter for emerging-market bulls is nearing an end, and it’s not clear whether things will get much brighter down the road, especially in the near-term.
June 29, 2018
Singapore economy
Singapore poised to connect global investors to the region amid Asian growth, says MAS MD Ravi Menon
SINGAPORE (June 5): Singapore stands poised to connect global investors to the region, as Asia’s dynamism and growth look set to be the defining investment theme over the next decade, says Ravi Menon, managing director of the Monetary Authority of Singa
June 05, 2018
Ascendas Hospitality Trust sells its only two China properties for $235.9 mil
SINGAPORE (Jan 29): The managers of Ascendas Hospitality Trust (A-HTRUST) are selling two hotel properties, Beijing Novotel Sanyuan and Ibis Beijing Sanyuan, for a total of RMB1.156 billion ($235.9 million) in cash.
January 29, 2018
China Focus
Cracks are showing in China’s shadow banking industry
SHANGHAI (Jan 24): Strains are spreading in China’s US$15 trillion ($19.8 trillion) shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels.
January 24, 2018
Property
AA REIT to divest 10 Soon Lee Road for $8.2 mil
SINGAPORE (Jan 15): The manager of AIMS AMP Capital Industrial REIT (AA REIT) has agreed to sell the REIT’s smallest asset in its portfolio that is valued below $10 million, 10 Soon Lee Road, for a consideration of $8.17 million.
January 15, 2018
China Focus
China's 'big bang' moment opens banks, brokers to foreign control
HONG KONG / BEIJING (Nov 10): China took a major step toward the long-awaited opening of its financial system, removing foreign ownership limits on its banks and asset-management companies, and allowing overseas firms to take majority stakes in local secu
November 10, 2017
Fintech
Two top 'quant' researchers exit BlackRock as it revamps stock unit
NEW YORK (July 4): Two high-level quantitative researchers have left BlackRock Inc (BLK.N) as the world's largest asset manager embarks on an ambitious effort to engineer a high-tech revolution within its stockpicking business.
Michael Lemmon, a fo
July 04, 2017
Currencies
Malaysia shrugs off 1MDB scandal to become second quarter star
KUALA LUMPUR (June 29): Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.
June 29, 2017
Global Economy
Investing opportunities abound in Asia with Singapore as an ‘excellent platform’: Menon
SINGAPORE (June 23): Asia’s overall medium-term prospects are good and Singapore is strategically positioned to offer investors an excellent platform to tap into the region’s investing opportunities, says Ravi Menon, MD of the Monetary Authority of Si
June 23, 2017