South Korea’s stock market has surged 20% in local currency terms this year, making it one of the best performers in Asia in 2017 Soohorang, the white tiger, is the official mascot for the Winter Olympics to be held in PyeongChang, South Korea in February 2018. Considered Korea’s guardian animal,… Read More »
Webjet have entered into an agreement to acquire JacTravel from Vitruvian Partners and its management team who will retain a shareholding in the enlarged Group. The acquisition will see JacTravel join Sunhotels, Lots of Hotels and FIT Ruum’s in the company’s B2B division WebBeds, to become one of the world’s… Read More »
Saipem S.p.A. informs that it has completed the buy-back programme (the “Programme”) for Saipem ordinary shares approved by the Shareholders’ Meeting on April 28, 2017, which concerned the buy-back of the Company’s own shares to cover the 2017 allocation of the 2016-2018 Long Term Incentive Plan (the ‘Plan’), as approved… Read More »
The major source of bond returns have come from coupons, not capital gains over the past seven years. ETF Securities expects a gradual flattening of the US Treasury yield curve, providing grounds for holding long duration bonds. Global yields are picking-upGlobal yields have bounced back from extremely low levels as… Read More »
Christopher Chu -
Asian markets have posted a better than expected performance in 2017, as share price returns have been supported by stronger earnings growth in technology stocks while a recovery in commodity prices benefited cyclical and industrial companies. Gains have also been attributed to softer than expected materialization of Trump’s protectionist agenda,… Read More »
Macro trends have been stable this year in terms of rising growth expectations, declining political uncertainty and EM outperforming developed markets (DM). More recently, inflation expectations and the so-called “Trump trades” have consistently deflated. Will it last? The widening out of the expansion is in line with our views…One of… Read More »
Corporate capex growth is finally turning positive. After four years of decline, we expect global growth of 5.5% in 2017. The recovery is broad-based, with positive growth expected in all regions and in nearly all sectors. The global corporate capex outlook finally turns positiveThis is the fifth edition of S&P… Read More »
Ardian, the independent private investment company, announces it has signed a Sale and Purchase Agreement in July 2017 with UniCredit for the acquisition of a ~€300 million portfolio of limited partnership interests in European infrastructure private equity funds. Closing of the transaction is expected in 3Q17 subject to the approval… Read More »
With regional economies moving at different speeds, and risks and imbalances often remaining specific to certain areas or countries, the divergence in global credit conditions that S&P Global Ratings observes contains a central theme: Uncertainty. Given the right–or, perhaps, wrong–circumstances, we think current high valuations in equity markets, low risk… Read More »
Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast. Petrobel is a joint venture between… Read More »
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