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Debt which will not be paid back for 100 years is being raised by Wellcome Trust, the multi-billion investor which funds medical research and charities.
Austria issued €3.5 billion of a new 100-year bond, the biggest syndication of a century bond in Europe to date. Janus Henderson’s Mitul Patel, Head of Interest Rates, shares his views on the positive aspects of such ultra-long bonds.
• Raise Wages, Kill Jobs? Seven Decades of Historical Data Find No Correlation Between Minimum Wage Increases and Employment Levels (NELP) • The 100 Year: A Take on the Century Bond (GMO) see also Chance for Smart U.S. Debt Funding Is Slipping Away (Bloomberg View) • What We Said When the World Changed (Collaborative Fund) • How Jeff Sessions wants to bring back the war on drugs (Washington Post) • Google’s war on fake news goes global: Search results now tagged ‘true’ or ‘false’ (ZDNet) see also Gaming Google for Profit and Ideology (BloombergView)
KUMPULAN Perangsang Selangor Bhd (KPS), which is 57.88% owned by the Selangor investment arm Kumpulan Darul Ehsan Bhd, is focusing on its international expansion following the completion of acquisitions that took place last year.
MarketWrap: Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the presidential election of Donald Trump and a new high for transportation stocks added to the bullish tone. - Reuters The DJIA rose 297.84 points, or 1.55%, to 19,549.62, the S&P 500 gained 29.12 points, or 1.32%, to 2,241.35 and the Nasdaq added 60.
KUALA LUMPUR (Dec 6): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 7) could include: Berjaya Food Bhd (BFood), Sarawak Oil Palms Bhd (SOPB), MKH Bhd, Omesti Bhd, Asia Media Group Bhd, Stone Master Corp Bhd and Kumpulan Perangsang Selangor Bhd (KPS).
MarketWrap: Wall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous US presidential election. - Reuters The DJIA fell 18.77 points, or 0.1%, to 18,142.42, the S&P 500 lost 0.26 points, or 0.01%, to 2,126.15 and the Nasdaq dropped 0.97 points, or 0.02%, to 5,189.14. Forex summary *The ringgit gained 0.
KUALA LUMPUR (Oct 31): Based on corporate announcements and news flow today, companies that may be focus tomorrow (Nov 1) could include: AirAsia, AirAsia X, MAHB, Coastal Contracts, Kumpulan Perangsang Selangor, Ekovest, Sasbadi and Caring.
MarketWrap: All three major US stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment. - Reuters The DJIA climbed 0.64% to end at 18,613.52, the S&P 500 gained 0.47% to 2,185.79 and the Nasdaq added 0.46% to 5,228.40. Forex summary *The ringgit lost 0.05% to 4.0065 per US$ *It was 0.
KUALA LUMPUR (Aug 12): It was a morning of contrating fortunes for Kumpulan Perangsang Selangor Bhd (KPS) and Century Bond Bhd (CenBond) after the former said it planned to take CenBond private for RM209 million or RM1.75 per share.
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) has launched a takeover bid for 100% of listed Century Bond Bhd, as the infrastructure and utility player seeks to further bolster its financial performance.
Good outlook: Century Bond’s cement paper bag plant in Senai Industrial Estte, Johor. KPS says the acquisition of Century Bond is attractive to the group as Century Bond is a market leader in cement packaging and has growth opportunities in adjacent markets.