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FRANKFURT: German authorities pressed on for four years investigating investors who bet against Wirecard AG’s shares, even after a UK regulator concluded that their evidence against the short sellers was “not sufficient”, according to documents and people familiar with the matter.
MOSCOW: Billionaire Roman Abramovich agreed to sell his stake in a Russia-focused gold miner, the latest in a wave of precious-metal deals, as bullion trades at a record high.
THE heated-up stock market is leading to a rush for unlisted assets to enter the capital market and for individuals to take over listed companies.
HONG KONG: Baring Private Equity Asia and CITIC Capital have sold the China business of Wall Street English (WSE) at a deep discount in just over two years since acquiring it as the Covid-19 pandemic crippled the global language tutoring group, sources told Reuters.
KUALA LUMPUR: UOB Asset Management (Malaysia) Bhd advises investors to accumulate healthcare, technology sectors for their earnings momentum, and the utilities sector for their defensiveness and dividend yield.
SINGAPORE: The former U.S. ambassador to Singapore said he had resigned from the board of a firm in the city-state linked to a group bidding for English soccer club Newcastle United citing "recent revelations" about the group.
LEMBAGA Tabung Angkatan Tentera (LTAT) is likely in a quagmire on how to deal with its prized jewel namely Boustead Holdings Bhd.