Markets

Indonesia billionaire family reshuffles empire

By BLOOMBERG
JAKARTA • South-East Asia’s billionaire Riady family is rejigging its healthcare holdings as its core property business grapples with the ...

Marsh & McLennan to buy JLT for RM 23.2b

By BLOOMBERG
ROME • Marsh & McLennan Inc agreed to buy Jardine Lloyd Thompson (JLT) for about £4.3 billion (RM23.22 billion) to expand its global ...

Swiss firm ADC Therapeutics said to weigh IPO, sale

By BLOOMBERG
HONG KONG • ADC Therapeutics SA, a Swiss biotechnology company whose backers include UK drugmaker AstraZeneca plc, is in the early stages ...

Turkish lira slides as Isbank fallout dilutes support from rate hike

By BLOOMBERG
ISTANBUL • The Turkish lira led declines across emerging-market currencies for a second day as concern over President Recep Tayyip ...

Noble Group’s creditors seek to draw a line under crisis

By BLOOMBERG
SINGAPORE • Noble Group Ltd plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the ...

UK house prices rebound amid London recovery

By BLOOMBERG
LONDON • UK house prices rebounded in September amid signs of a pick-up in sales of London’s most expensive properties. Prices rose 0.7% ...

Abu Dhabi to proceed with Cepsa IPO in Spain

By BLOOMBERG
LONDON • Abu Dhabi is pushing ahead with an initial public offering (IPO) for Spanish oil company Cia Espanola de Petroleos SAU (Cepsa), ...

Asian EMs better off than global peers

SINGAPORE • Emerging markets (EMs) in Asia are in a stronger position than peers elsewhere because of solid economic growth prospects, low inflation and ...

Asia tech stocks diverge from US with biggest gap since 1998

SINGAPORE • Tencent Holdings Ltd is no Apple Inc, and technology shares in Asia are feeling it — the sector is diverging from its US counterpart by the ...

Techbond signs IPO UA with Public Investment Bank

by DASHVEENJIT KAUR
Techbond Group Bhd, en route to be listed on the Main Market of Bursa Malaysia by year-end, has signed an underwriting agreement ...

XL Axiata mulls RM3b bond, sukuk issuances

by TMR
Axiata Group Bhd’s Indonesia arm, PT XL Axiata Tbk, has proposed to raise funds by undertaking two new public offering programmes for bonds and ...

Indonesia wants tighter forex rules

Authorities want to tighten some rules on exporters amid a rout in the currency, says finance minister
JAKARTA • Indonesian exporters must keep their ...