Markets

RHB Cap given extra time for rights issue

Bursa Malaysia Securities provides 6 month extension of its $416mn fundraising scheme.

RHB Cap given extra time for rights issue

Bursa Malaysia Securities provides 6 month extension of its $416mn fundraising scheme.

What you need to know about the new appointments of BNP Paribas' AsiaPac management team

The three new senior appointments of BNP Paribas Wealth Management will give an added boost to the bank’s growth strategy for the region.

Citi appoints Andrea Fletcher as Global Equities Client Management Head

Andrea will report to David Covin, Global Head of Investor Sales Client Strategy and Business Development.

HSBC appoints Christopher Adams as director of Global Asset Management

Prior to joining HSBC, Mr Adams was Vice President for BlackRock’s Asia ex Japan active equity capability.

Commonwealth Bank to acquire 5% stake in Vietnam International Bank for $55m

This will increase Commonwealth’s stake to 20%, the maximum allowed for a foreign investor.

BoCom gets go signal to sell $4bn subordinated bonds

The lender kicked off the capital structure improvement process with a $3.9bn sale in July 2009.

China Merchants Bank secures regulator’s approval for CNY35bn rights issue

But the application process with the China Securities Regulatory Commission and the HKEx is still ongoing.

Philippine banks petitions to halt 20% bond tax enforcement

8 banks seek the country’s Supreme Court mandate to stop imposing the tax.

Woori Finance and RBS ink deal

The alliance will enable the South Korean lender to issue covered bonds.

Asia joins in on global uprising against Wall Street

Protestors rallied in Hong Kong and Tokyo in support of the Occupy Wall Street demonstrations that began last month in New York.

DBS beefs up debt issuance program to $15bn

The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business.

Central Huijin buys China’s Big 4 stocks

The sovereign wealth fund’s support for state-owned banks spurred HKSE rally.

Woori Investment & Securities targets $510.3mn from rights issue

The company eyes selling 66.74mn new common shares at $7.70 each.

Vietnam allows banks to resume offshore gold trading

Five lenders will sell six tonnes of gold to help narrow the gap between domestic and international prices.

Three steps to winning the confidence game in Asia

Only 17 percent of Asian consumers expressed confidence in financial providers in Q2 based on the Corporate Executive Board’s (CEB) quarterly poll of...

Give the currency market some thought

You are probably exposed to it already even if you did not invest in it intentionally. From holding on to some Singaporean dollar for that weekend...

Chinese banks ditched by wary investors at signs of credit bust

The cheapest Chinese bank stocks may plunge further as the credit boom is showing signs of turning into a bust.