Li Ka-Shing

Global Markets

Li Ka-Shing firms cleared to pursue US$5.6 bil Duet bid

HONG KONG (March 15): Billionaire Li Ka-shing won the approval of his shareholders to pursue the purchase of Australian power provider Duet Group, paving the way for the Hong Kong tycoon to diversi

Theresa May

Global Markets

What to expect in UK markets when May pulls Brexit trigger

LONDON (March 14): The trigger of Article 50 is the event traders have been waiting for since the UK voted to leave the European Union.


ComfortDelgro’s 3Q earnings rise 2.5% to $87.3 mil on lower expenditure

SINGAPORE (Nov 11): Transport group ComfortDelgro posted $87.3 million in earnings for 3Q16, 2.5% higher from $85.2 million in the same quarter a year ago on the back of lower expenditure, bringing


Flash crash of the Pound baffles traders with algorithms being blamed

(Oct 7): The pound plunged as much as 6.1% against the dollar, the biggest decline since the day the UK’s Brexit referendum result was announced, in a move that traders said was exacerbated by comp

Broker's Calls

Ascott Residence Trust kept at ‘hold’ by CIMB with $1.16 target price

SINGAPORE (June 29): CIMB has maintained its “hold” call for Ascott Residence Trust (ART), with a target price of $1.16, according to a report dated Tuesday.


Singapore dollar weakens against Sterling on UK exit vote day

SINGAPORE (June 23): The Singapore dollar weakens further against the pound during Thursday's session, with the cross rate losing another 0.6% and implying GBP strength as voters prepare to go to p


Billionaire investor George Soros says Brexit would make speculators rich, voters poor

NEW YORK (June 21): Billionaire investor George Soros said the pound may slump more than 20% against the US dollar if British voters decided to leave the European Union, a devaluation bigger and mo

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