(RTTNews) - The Thai Stock market has finished lower in two straight sessions, sinking more than 15 points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,500-point plateau although it may stop the bleeding on Monday.
(RTTNews) - The Thai Stock market has finished lower in two straight sessions, sinking more than 15 points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,500-point plateau although it may stop the bleeding on Monday.
Reliance Industries Ltd. is reversing its plans for the initial public offering of Jio Platforms Ltd. , potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported , citing unidentified people familiar with the talks. The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the Mukesh Ambani -led co...
Reliance Industries Ltd. is reversing its plans for the initial public offering of Jio Platforms Ltd. , potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported , citing unidentified people familiar with the talks. The u-turn was triggered by some Jio shareholders pushing for a higher price band, while the Mukesh Ambani -led conglomerate favors a more conservative valuation to avoid listing-day losses for retail investors, according to the newspaper. An IPO comprising entirely freshly issued shares would send all proceeds to Jio, rather than shareholders selling down through an offer for sale. It would also dilute the value of existing shareholdings. Reliance may now let the market set the price after listing, allowing private equity investors to exit later, according to the Economic Times. About 250 billion rupees ($2.65 billion) may go toward debt repayment, it said. For the latest news on equity capital markets activity in the Asia-Pacific region, follow the channel or visit NI BFWECMAS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The listing could mark the first public offering by a major Reliance unit in nearly two decades. The company formally kicked off IPO preparations in March, appointing as many as 19 banks to manage the issue. Kotak Mahindra Capital Co., Morgan Stanley, JM Financial Ltd., Goldman Sachs Group Inc., HSBC Holdings Plc, Bank of America Corp. and Citigroup Inc. are among those selected for advisory roles, people familiar with the matter have said. Jio is now expected to file the draft prospectus within the next week or fortnight, potentially delaying the listing to July, the people told the newspaper. Jio didn’t respond to ET’s request for comment.
Speaking about her stepbrother Timothy Heng, Tessa Oh said that his family knew him to be someone who put others before himself and showed up for the people in his life. Early on, hearing that he was still on Indonesia’s Mount Dukono after it erupted while most of his fellow hikers had been evacuated, “my first thought was that he must have [run] back and tried to help someone”, the 30-year-old jo...
Speaking about her stepbrother Timothy Heng, Tessa Oh said that his family knew him to be someone who put others before himself and showed up for the people in his life. Early on, hearing that he was still on Indonesia’s Mount Dukono after it erupted while most of his fellow hikers had been evacuated, “my first thought was that he must have [run] back and tried to help someone”, the 30-year-old journalist said. More details about his last movements that emerged in a media report and accounts...
The journalist Patrick Radden Keefe on trying to unravel the double life and tragic death of 19-year-old Zac Brettler – and what it tells us about London’s dark underbelly For decades, London has been a magnet for global wealth, a flashy playground for the super-rich. To one teenage boy, it contained an elite scene he desperately wanted to be part of: the oligarch class. Not just rich, but powerfu...
The journalist Patrick Radden Keefe on trying to unravel the double life and tragic death of 19-year-old Zac Brettler – and what it tells us about London’s dark underbelly For decades, London has been a magnet for global wealth, a flashy playground for the super-rich. To one teenage boy, it contained an elite scene he desperately wanted to be part of: the oligarch class. Not just rich, but powerfully connected billionaires who amassed such huge fortunes with so few questions asked that they helped turn London into what was called the “dirty money capital” of the world. Zac Brettler began posing as the son of one. Within months, he was found dead on the riverbank in central London. He was 19 years old. Continue reading...
Hong Kong authorities may widen support to cover more younger elderly residents to bolster protection, the welfare minister has said, calling current efforts to identify at-risk seniors “just the beginning” as the city reels from two tragedies in a week. Secretary for Labour and Welfare Chris Sun Yuk-han told the South China Morning Post that the government was mobilising all available resources t...
Hong Kong authorities may widen support to cover more younger elderly residents to bolster protection, the welfare minister has said, calling current efforts to identify at-risk seniors “just the beginning” as the city reels from two tragedies in a week. Secretary for Labour and Welfare Chris Sun Yuk-han told the South China Morning Post that the government was mobilising all available resources to strengthen support for the elderly, but he noted the process would take time given the city’s...
Alphabet Inc. is planning to issue yen bonds for the first time in a move that may help fund investments as artificial intelligence competition intensifies. The parent of Google is widening its funding sources as it has become a dominant player in nearly every aspect of AI. The tech giant raised its outlook for capital expenditures this year even as it is poised to overtake Nvidia Corp. as the big...
Alphabet Inc. is planning to issue yen bonds for the first time in a move that may help fund investments as artificial intelligence competition intensifies. The parent of Google is widening its funding sources as it has become a dominant player in nearly every aspect of AI. The tech giant raised its outlook for capital expenditures this year even as it is poised to overtake Nvidia Corp. as the biggest company in the world. It now plans to spend as much as $190 billion , up from a previous estimate of $185 billion, which was already double what it spent in 2025. Last week, Alphabet sold its biggest-ever euro-denominated bonds and its debut Canadian dollar notes, raising almost $17 billion. This comes just months after the company issued sterling, and Swiss franc-denominated notes, its inaugural offerings in those currencies — alongside a US dollar debt sale. The benchmark SEC-registered deal would mark Alphabet’s first yen bond offering, according to data compiled by Bloomberg. Alphabet hired BofA Securities Inc., Mizuho Securities Co. and Morgan Stanley for the potential fixed-rate senior unsecured bond deal, according to a person familiar with the matter. The deal is expected to follow in the near future, subject to market conditions. AI Wins Have Alphabet Poised to Become World’s Biggest Company Alphabet Raises $17 Billion From Debt Sales for Latest AI Push Invesco Says Big Tech Needs ‘Every Dollar’ It Can Get in AI Debt
Four Australian citizens and one permanent resident from the MV Hondius to fly home via Perth on Tuesday Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Some of the Australian travellers on board the MV Hondius, the ship at the centre of the hantavirus outbreak , will return to New South Wales this week and enter Australia’s first...
Four Australian citizens and one permanent resident from the MV Hondius to fly home via Perth on Tuesday Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Some of the Australian travellers on board the MV Hondius, the ship at the centre of the hantavirus outbreak , will return to New South Wales this week and enter Australia’s first purpose-built biocontainment facility. The federal government is still finalising health measures and quarantine arrangements for the group of five people – four citizens and one permanent resident – about to disembark in the Canary Islands. Continue reading...