Temasek to step up investments once market valuations drop further, executive says

SINGAPORE, Sept 30 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said that market valuations had not yet priced in a global economic recession and that said the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” … Read more

Toll-road operator Salik jumps 20% on market debut

DUBAI, Sept 29 (Reuters) – Dubai toll-road operator Salik (SALIK.DU) rose 20% above its listing price on its market debut on Thursday in a sign that investors still have an appetite for local flotations despite skittish global markets. The company, which has 3.6 million vehicles registered on its system, raised 3.735 billion dirhams ($1.02 billion) … Read more

India’s Harsha Engineers International surges 47% in market debut

Register now for FREE unlimited access to Register BENGALURU, Sept 26 (Reuters) – Shares of India’s Harsha Engineers International (HRSH.NS) defied a weak broader market to jump as much as 47.4% in their debut on Monday, following strong investor interest for the precision products maker’s $93 million IPO. The company, which makes and sells … Read more

Air India aims for 30% domestic market share over next 5 years

An Air India Airbus A320neo passenger plane moves on the runway after landing at Sardar Vallabhbhai Patel International Airport, in Ahmedabad, India, October 22, 2021. REUTERS/Amit Dave Register now for FREE unlimited access to Register NEW DELHI, Sept 15 (Reuters) – Tata Group-owned Air India on Thursday targeted a share of at least 30% … Read more

Analysis: Industrial users flee LME nickel, deepening market fissures

Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. REUTERS/Simon Dawson/File Photo Register now for FREE unlimited access to Register Nickel deliverable against LME contract only 21% of market Nickel pig iron 50% of global market LONDON, Sept 14 (Reuters) – The London Metal Exchange faces a … Read more

Advent to test choppy buyout market with sale of France’s IDEMIA -sources

Register now for FREE unlimited access to Register PARIS/FRANKFURT, Sept 1 (Reuters) – Private equity group Advent is set to launch the sale of French biometrics and fingerprint identification firm IDEMIA, sources familiar with the matter said, in a multi-billion euro deal that will test a choppy buyout market this autumn. Goldman Sachs and … Read more

Chinese airline owner Juneyao Group plans to enter booming EV market -sources

SHANGHAI, Aug 23 (Reuters) – Juneyao Group, the parent of Chinese carrier Juneyao Airlines (603885.SS), plans to start making electric vehicles (EV), two people with knowledge of the matter said, as it seeks to diversify from businesses that have been hit hard by COVID. Shanghai-based Juneyao, owned by Chinese billionaire Wang Junjin, his brother and … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more