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Markets

Exclusive: Boon for Hong Kong as Alibaba plans US$15 billion listing in late November – sources

Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise US$10 billion to US$15 billion (£11.7 billion) in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.

Markets

Wall Street Weekahead: Small-cap shares poised to benefit from shift to value

Beleaguered shares of small U.S. companies are set for a bump in performance as value stocks have risen, market analysts say, but small caps could quickly fade again with an economic setback.

Markets

Best World reports 16.9% drop in Q3 profits to S$24.8m

BEST World International, the mainboard-listed skincare product company that is being probed by the bourse over its sales model in China, on Friday reported a decline in third-quarter earnings, attributed to the absence of one-time “other operating income” in the year before.

Markets

China’s top chip maker urges US firms to help ease tensions

The head of China's top state-run semiconductor maker, Tsinghua Unigroup Ltd, called on U.S. companies to "do better" in efforts to overcome China-U.S. tech tensions given they continue to profit from the Chinese market.

Markets

Ryobi Kiso judicial managers ask to push creditors’ meeting deadline into 2020

THE judicial managers of ailing construction firm Ryobi Kiso Holdings, which was first placed under interim judicial management in March, are asking for more time to carry out their work.

Markets

DLF buyout offer closes with 64% shares acquired

THE buyout offer for Catalist-listed DLF Holdings closed on Friday at 5.30pm, with valid acceptances amounting to 6.98 per cent of total issued shares received by the close.

Markets

Italy’s TIM to expand data centre business under partnership with Google

Telecom Italia (TIM) said it planned to spin off its data centre operations and look for an investor ahead of a potential market listing, after unveiling a partnership with Google to develop the cloud business.

Markets

Exclusive: Sudan needs up to US$5 billion in budget support to prevent collapse

Sudan needs up to US$5 billion in budget support to avert economic collapse and launch reforms after the ouster of veteran ruler Omar al-Bashir, its finance minister told Reuters.

Markets

Yeo Hiap Seng Q3 net profit jumps to S$2.76m on absence of fair-value loss

MAINBOARD-LISTED drinks maker Yeo Hiap Seng saw a surge in third-quarter earnings on the back of narrower losses at associates and joint ventures, as well as the absence of fair-value losses on equity investments recognised in the year-ago period.

Markets

AsiaPhos Chinese subsidiary’s ex-staff withdraw severance pay claims: board

CATALIST-LISTED Chinese phosphate miner AsiaPhos, which earlier this year saw a wholly owned subsidiary slapped by former employees’ claims for severance pay, said in a bourse filing on Friday that some of the claims have been voluntarily withdrawn.

Markets

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