Investment Management
* DBS, Southeast Asia’s largest bank, had offered on April 2, 2012, to buy 99 percent of Danamon — including a 67 percent stake from Temasek’s Fullerton Financial Holdings — for 66.4 trillion rupiah ($6.5 billion) * The proposed acquisition was hobbled after Indonesia implemented new bank ownership rules a year ago that limited DBS […]
* Diageo Plc, the world’s biggest distiller, said today it sees some “soft spots” in emerging markets and reported full-year sales growth at a slower pace than last year and its mid-term goal. * Trading in Brazil was “relatively soft” in the year ended June 30 and could continue to be weak in the first […]
* Dubai’s revived real estate market is showing signs of overheating again with average rental costs up almost a third over the past 12 months, five years since the emirate’s debt-laden property bubble burst. * Economic confidence has returned to the emirate’s trade, tourism and services sector as Dubai emerges as a haven amid regional […]
* AUD/USD’s sell orders are lined up around 0.9000, should pair rise to that level today, according to a foreign-exchange trader • AUD/USD is now down 0.1% at 0.8969; today’s range so far is 0.8927-0.8994 • NOTE: China HSBC/Markit manufacturing PMI at 47.7 in July • NOTE: China manufacturing PMI at 50.3 in July * […]
* Taylor Wimpey Plc, the U.K.’s second-largest homebuilder by volume, said first-half profit rose 5.3 percent on demand for larger, more expensive homes * Net income increased to 136.1 million pounds ($207 million) from 129.2 million pounds a year earlier, the High Wycombe, England-based company said today in a statement. Revenue increased 11 percent to […]
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