Noble Group paves way for debt deal as Goldilocks backs plan

2018-06-20 malaymail
SINGAPORE, June 20 — Embattled commodity trader Noble Group Ltd reached a deal with dissident shareholder Goldilocks Investment Co over its planned US$3.5 billion (RM14 billion) debt restructuring, agreeing to boost the holding in the new company that stock investors stand to get. The shares surged. (12-0)
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Noble Group says key shareholder approves revised restructuring plan

2018-06-20 theedgemarkets
BENGALURU (June 20): Embattled commodity trader Noble Group on Wednesday said its shareholders would receive 20% of the equity in the company after restructuring, and that Goldilocks Investment Co would support the revised plan. (7-0)
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Silverlake Axis sees silver lining in banks' spending recovery

2018-06-20 theedgemarkets
SINGAPORE (June 20): RHB is maintaining its “buy” call on Silverlake Axis with a target price of 65 Singapore cents. (2-0)
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A First Look At The Boeing 787-10's Potential

2018-06-19 seekingalpha
There are many more orders to win in the marketplace though part of demand can also be filled by the Boeing 787-9 as a competitor to the Airbus A330-300. (59-0)
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5 ETFs to Benefit From 6-Year High U.S. Inflation

2018-06-19 investorplace
Consumer prices in the United States grew 2.8% year over year in May 2018, above market expectations of 2.7%. It also marked the highest inflation rate since February 2012. Higher cost of gasoline and shelter led to the estimate beat. (7-0)
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SE Asian stocks decline; worsening US-China trade spat unnerves investors

2018-06-19 theedgemarkets
(June 19): Southeast Asian stock markets declined on Tuesday, with Thailand and Vietnam closing more than 2% lower, as escalating US-China trade tensions led to a broad sell-off in regional equities. (28-0)
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Wealthy Asians are getting richer faster than anyone else

2018-06-19 theedgemarkets
SINGAPORE (June 19): Rich Asians got richer faster than anyone else in the world last year. (18-0)
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Trendlines receives FDA regulatory clearance for meniscus repair system

2018-06-19 theedgemarkets
SINGAPORE (June 19): Trendlines Group announced that its portfolio company, Arcuro Medical, has received regulatory clearance from the United States Food and Drug Administration (FDA) for its SuperBall meniscus repair system. (2-0)
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World's five longest flights revealed - and it's not good news for Kiwi travellers

2018-06-19 nzherald.co.nz
A breakdown of the longest plane journeys in the world reveals some of the more gruelling flights airline passengers are likely to take - with many covering close to 15,000km in a single trip. (5-0)
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In China, Baijiu and HPV Vaccines Have Something in Common - Bloomberg

2018-06-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (8-0)
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May inflation seen coming in at restrained growth — Nomura

2018-06-19 theedgemarkets
KUALA LUMPUR (June 19): The consumer price index (CPI), which measures inflation and price stability, is likely to come in at a restrained growth of 1.8% in May, on base effects from fuel price cuts last year, according to economists at Nomura Holdings Inc. (5-0)
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IHH expected to restructure after Turkey election

2018-06-19 theedgemarkets
IHH Healthcare Bhd (June 18, RM6.03) Maintain buy with a target price (TP) of RM7: Year to date, the Turkish lira has weakened by about 20% and 21% against the US dollar and ringgit respectively, mainly driven by concerns over Turkey’s domestic politics (the country is expected to hold its general election on June 24), further US rate hikes and a potential country credit rating downgrade by Moody’s. (6-0)
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Be wary of pre-ticked boxes when making an online purchase, CASE warns - Channel NewsAsia

2018-06-19 channelnewsasia
SINGAPORE: Customers should be wary of pre-ticked boxes when making purchases online, the Consumers Association of Singapore (CASE) said on Tuesday (Jun 19). (5-0)
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Small and Mid-cap round-up from 2018/06/19 | Decusatio

2018-06-20 decusatio.co.za
It was another day of sustained selling on the JSE with the All Share Index down 2% despite a weaker Rand.
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Attempting To Clarify Transocean's Fleet Situation

2018-06-18 seekingalpha
Transocean will "retire in an environmentally responsible way" four floaters from its fleet and take an accompanying $520 million charge in the second quarter. (24-0)
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Singapore's OCBC plans China wealth management business to boost profits

2018-06-19 channelnewsasia
HONG KONG: Oversea-Chinese Banking Corp (OCBC) plans to set up a wealth management business in China as part of a strategy to double its profit in five years in the country's so-called Greater Bay Area, its chief executive said. (3-0)
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Singapore Exchange India Futures to continue as dispute drags on

2018-06-18 theedgemarkets
SINGAPORE (June 18): Singapore Exchange Ltd and National Stock Exchange of India Ltd will remain partners for a little longer than both anticipated. (64-0)
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Attempting To Crack The Noble Riddle

2018-06-18 seekingalpha
Noble's June fleet status is more evidence that an ultra-slow rig recovery is at hand, especially in the jack-up segment. (11-0)
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Noble Group suspends trading in Singapore as future hangs in balance

2018-06-18 telegraph.co.uk
Stricken commodities trader Noble Group has suspended trading of its shares in Singapore pending an announcement. (7-0)
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Priceworth log production at all-time high; extends cash option for FMU5 buy

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): Priceworth International Bhd reported a 300% year-on-year jump in log production in May this year to a record high, thanks to contribution from its operations in the timber concession area FMU5, in Sabah. (5-0)
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The HOME Project, the Shapiro Foundation, & ACS Athens Helping Refugee Children

2018-06-19 thenationalherald
ATHENS – International non-profit organization The HOME (Help, Overcome, Motivate, and Empower) Project, which offers shelter and work for children and young refugees in Greece, has announced a first of its kind opportunity to grant 18 full-time scholarships for the American Community School (ACS Athens) during the academic year 2018-2019. This was made possible by The Shapiro Foundation. Founded in 2001 to support refugees, it is a close partner and valuable supporter of HOME Project Initiatives, having recently funded the creation of new shelters and jobs.
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SE Asian stocks fall as trade spat escalates; Philippines sheds over 2.5 per cent

2018-06-18 malaymail
NEW YORK, June 18 — Southeast Asian stock markets fell today, in line with broader Asia as a trade spat intensified between the world’s top two economies. (15-0)
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Bursa remains lower at mid-morning

2018-06-18 malaymail
KUALA LUMPUR, June 18 — Bursa Malaysia extended losses to mid-morning today, hampered by continued selling pressure in heavyweights, led by Axiata and Public Bank. (19-0)
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Noble Group halts shares as restructuring hangs in balance

2018-06-18 theedgemarkets
SINGAPORE (June 18): Noble Group Ltd suspended its shares in Singapore on Monday pending an announcement, as efforts to get shareholder agreement on its controversial US$3.5 billion debt restructuring plan drag on longer than expected. (7-0)
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Ringgit declines to 5-month low amid trade tensions

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): Ringgit drops to a five-month low as Asian currencies weaken on the back of a stronger dollar and escalating trade tensions. (10-0)
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Several Raffles United executives to report back to CAD for further investigations

2018-06-19 theedgemarkets
SINGAPORE (June 19): Raffles United Holdings, formerly known as Kian Ho Bearings, said several top executives interviewed by the Commercial Affairs Department (CAD) have to report back to the white-collar crime division for further investigations.
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Noble Group Halts Shares as Restructuring Hangs in Balance - Bloomberg

2018-06-18 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (7-0)
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Philippine peso needs a more hawkish central bank to stem losses

2018-06-18 theedgemarkets
SINGAPORE (June 18): The Philippine currency and bond markets will need a more hawkish tone from the central bank this week to stem their losing streak, as investors fret over whether policymakers are softening their fight on inflation. (5-0)
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Arbitral tribunal restrains SGX from launching new NSE indices-linked products

2018-06-17 moneycontrol
An arbitral tribunal has restrained the Singapore Exchange (SGX) from launching any new derivative products linked to the National Stock Exchange (NSE)'s indices. (5-0)
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NSE hopeful of consolidating offshore business to GIFT city

2018-06-17 moneycontrol
The National Stock Exchange (NSE) is hopeful of consolidating trading volume at its subsidiary NSE IFSC Exchange in Gujarat's GIFT City in the long term even as it awaits the outcome of offshore derivative tussle with the Singapore Exchange (SGX), a top official has said. (5-0)
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NSE hopeful of consolidating offshore business in GIFT city

2018-06-17 moneycontrol
The National Stock Exchange (NSE) is hopeful of consolidating trading volume at its subsidiary NSE IFSC Exchange in Gujarat International Finance Tec-City (GIFT City) in the long term even as it awaits the outcome of offshore derivative tussle with the Singapore Exchange, a top official has said. (5-0)
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Nifty trading on SGX set to continue

2018-06-17 thehindubusinessline
In a major reprieve for foreign funds, the Singapore Exchange (SGX) may be able to facilitate trading of the Nifty index on its platform even in 2019. (5-0)
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Kingsmen awarded S$29 mil contracts for Formula 1 Singapore Grand Prix

2018-06-18 theedgemarkets
SINGAPORE (June 18): Kingsmen Creatives announced that its wholly-owned subsidiary Kingsmen Exhibits has been awarded contracts worth S$29 million for Formula 1 Singapore Grand Prix to-date.
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NSE hopeful of consolidating offshore biz at GIFT city

2018-06-17 thehindubusinessline
Nifty is the world’s largest traded derivative index in the offshore market and a top volume generator on the Singapore Exchange. - Reuters (5-0)
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Ascendas Hospitality Trust acquires Osaka portfolio of hotels for S$161.1m

2018-06-18 theedgemarkets
SINGAPORE (June 18): Ascendas Hospitality Trust (A-HTRUST) is acquiring a portfolio of three hotels in Osaka, Japan, for 10.29 billion yen (S$161.1 million) via Ascendas Hospitality REIT.
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Tiong Seng acquires two vacant land plots in Johor for S$10m

2018-06-18 theedgemarkets
SINGAPORE (June 18): Construction group Tiong Seng Holdings says its subsidiary Robin Village Development has agreed to fully acquire Malaysia-incorporated firm Kinsbina – which in turn owns two vacant plots of land in Mukim Rimba Terjun, Daerah Pontian, Negeri Johor – for RM29.9 million (S$10 million).
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Revamping Or Starting A Portfolio Now

2018-06-16 seekingalpha
Old economy, high capital, no moat is a catastrophe waiting to happen - sell your grandpa's stocks. (93-0)
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SGX Nifty trade extended beyond August, says Singapore Exchange

2018-06-16 thehindubusinessline
The Singapore Exchange (SGX) today said the arbitrator has allowed the bourse to continue the listing and trading of SGX Nifty contracts beyond August 2018. (5-0)
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Singapore Exchange to continue SGX Nifty trade despite India dispute

2018-06-16 malaymail
MUMBAI, June 16 — The Singapore Exchange (SGX) said today a court-appointed arbitrator had told it to continue listing and trading SGX Nifty contracts beyond August 2018, during a dispute resolution with India’s National Stock Exchange (NSE). (5-0)
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SGX Nifty trade extended beyond August, says SGX

2018-06-16 moneycontrol
The Singapore Exchange (SGX) today said the arbitrator has allowed the bourse to continue the listing and trading of SGX Nifty contracts beyond August 2018. (5-0)
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Singapore Exchange to continue SGX Nifty trade despite India dispute

2018-06-16 reuters
MUMBAI (Reuters) - The Singapore Exchange (SGX) (SGXL.SI) on Saturday said a court-appointed arbitrator had allowed it to continue listing and trading of SGX Nifty contracts beyond August 2018, during dispute resolution with India’s National Stock Exchange (NSE). (5-0)
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Appointments

2018-06-16 aviationweek
Hector Zarate has been named interim president of FlightSafety Services Corp., replacing Ron Ladnier, who retires at the end of June. Most recently, Zarate, who joined FlightSafety in 1986, served as program manager for the KC-46. His Excellency Akbar Al Baker, CEO of Qatar Airways, has assumed duties as chairman of the International Air Transport Association, succeeding Goh Choon Phong, CEO of Singapore Airlines. (5-0)
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Singapore Airlines flight to Melbourne delayed after slide 'unexpectedly deployed'

2018-06-15 channelnewsasia
SINGAPORE: A Singapore Airlines (SIA) flight from Singapore to Melbourne was delayed after an evacuation slide was "unexpectedly deployed" on Friday (Jun 15). (5-0)
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Young, Female, and Smarter Than Their Bankers - Bloomberg

2018-06-14 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (9-0)
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Bursa stays lower at mid-morning

2018-06-14 malaymail
KUALA LUMPUR, June 14 — Bursa Malaysia remained lower at mid-morning today with continuous selling activities in selected heavyweights. (14-0)
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South-east Asia stocks fall after Fed hike, Thailand hits six-month low

2018-06-14 malaymail
SINGAPORE, June 14 — South-east Asian stock markets traded lower today, with Thai shares hitting six-month lows, after the US Federal Reserve raised rates, as expected, and took a more hawkish tone regarding the pace of rate hikes for the rest of the year. (11-0)
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Bursa recovers most of losses at early end to trade

2018-06-14 malaymail
KUALA LUMPUR, June 14 — Bursa Malaysia ended the half-day trading on a weaker note ahead of a long weekend for Hari Raya Aidilfitri and also in line with regional markets after the US Federal Reserve raised interest rates by a quarter-percentage point. (11-0)
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Bursa Malaysia ends lower

2018-06-14 malaymail
KUALA LUMPUR, June 14 — Bursa Malaysia ended the half-day trading on a weaker note ahead of a long weekend for Hari Raya Aidilfitri and also in line with regional markets after the US Federal Reserve raised interest rates by a quarter-percentage point. (11-0)
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Etihad Airways in talks to cancel, defer Boeing 777X orders, say sources

2018-06-14 malaymail
DUBAI, June 14 — Etihad Airways is exploring options with Boeing to cancel or defer orders for 777X jets worth billions of dollars in a fresh sign of the carrier's financial strains and potentially squeezing Boeing's newest model, four sources familiar with the matter said. (5-0)
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Singapore Airlines investigating allegations made by passenger on delayed flight

2018-06-14 channelnewsasia
SINGAPORE: Singapore Airlines (SIA) on Thursday (Jun 14) said it was looking into claims that its cabin crew were rude to passengers on board a delayed flight to India. (5-0)
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