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SINGAPORE/HONG KONG: Indonesia's Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the matter said on Friday, as the spreading coronavirus sparks worries of a global pandemic.
LONDON (Bloomberg): The scale of February’s moves have few precedents, and everyone involved is going to have stories to tell.
HONG KONG: Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity.
LONDON: British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer found a message written inside a card saying it had been packed by foreign prisoners who were victims of forced labor.
AS part of its efforts to foster a more agile workforce, AXA Affin Life Insurance Bhd has selected Digi Telecommunications Sdn Bhd’s Omni Hotline as its preferred virtual office phone provider.A key objective of the insurance company’s agile workforce strategy is to enable employees to attend to their customers on-the-go, regardless of their physical location.
RIYADH/LONDON/DUBAI: Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion (1.6 trillion pounds) valuation target.
MUMBAI: The shipyard controlled by embattled Indian tycoon Anil Ambani is facing the prospect of bankruptcy after failing to get creditors’ approval for restructuring 70 billion rupees (US$970mil) of debt, people familiar with the matter said.MUMBAI: The shipyard controlled by embattled Indian tycoon Anil Ambani is facing the prospect of bankruptcy after failing to get creditors’ approval for restructuring 70 billion rupees (US$970mil) of debt, people familiar with the matter said.
One of Hong Kong’s safest stock bets is veering off the tracks.
Shanghai: Venturing beyond bonds from state-owned issuers in China often involves more than just assessing credit risk. Investors need to make a call on whether authorities will bail out the borrower.