September 2024 – Page 2 – UAG Trade Asia

KKRBacked Malaysian Telecom Infrastructure Group OMS to Revisit IPO Plan

September 30, 2024
Business
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SINGAPORE, Sept 30 Malaysian telecom infrastructure and subsea cable services company OMS Group will revisit its plan for an initial public offering in the next few years and is not ruling out a listing on the domestic stock exchange, its top executive said. OMS shelved its Malaysian IPO plan last year as KKR invested 400 million in […]

September 30, 2024
Business
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Sept 30 Reuters British real estate portal Rightmove rejected a sweetened 8.29 billion takeover bid from Rupert Murdoch39;s Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company. Rightmove said its board, after taking into consideration the views of shareholders and considering representations from REA39;s chair and management team, had concluded […]

September 30, 2024
Oil
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Israel attacks on Lebanon, Yemen raise wider war fears Oil prices under pressure from OPEC cut unwinding, Libya Beijing stimulus maybe not enough to buoy demand, analysts say China factory activity shrinks for fifth straight month LONDON, Sept 30 Reuters Oil prices declined on Monday and were on track to fall for the third month […]

September 30, 2024
Politics
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Economists cite Fed policy mistake as top economic risk Powell expected to discuss rate cut, policy outlook Survey shows mixed opinions on policy rate, election risks NASHVILLE, Tennessee, Sept 30 Reuters A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk that […]

September 30, 2024
Uncategorized
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TOKYO, Sept 30 Reuters Japan39;s factory output tumbled last month driven by typhoonled disruptions in motor vehicle production and weak U.S. sales, with the government and analysts cautioning about a subdued outlook that raises the hurdle for a solid economic recovery. Industrial output fell 3.3 in August from the previous month, data released by the […]

September 30, 2024
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SEOUL, Sept 30 Reuters South Korea39;s factory output in August beat market expectations and increased by the most in a year, led by production of cars and chips, government data showed on Monday. The industrial output index rose 4.1 over the month on a seasonally adjusted basis, after a dip of 3.9 the previous month, […]

September 30, 2024
Uncategorized
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Banks cut rates by about 50 bps on existing mortgage loans Three major cities lift key home purchase restrictions Measures aim to boost weak property market, consumption BEIJING, Sept 29 Reuters China39;s central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of […]

September 30, 2024
Uncategorized
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SEOUL, Sept 30 Reuters South Korea39;s central bank governor said on Monday he would need to discuss with board members the impact of recent government measures aimed at taming household debt, when asked about the possibility of lowering interest rates next week. I have not yet been able to discuss with monetary policy board members […]

September 30, 2024
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NEW DELHI, Sept 28 Reuters India gave the goahead on Saturday for exports of nonbasmati white rice to resume as inventories in the world39;s biggest exporter of the grain surge and farmers prepare to harvest a new crop in the coming weeks. Bigger rice shipments from India would beef up overall global supplies and soften […]

September 30, 2024
Uncategorized
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HONG KONG, Sept 30 Reuters Shares of China39;s property developers soared on Monday, with broad doubledigit gains, as investors cheered easier home purchase rules in major cities and Beijing39;s latest burst of stimulus to boost confidence in the depressed sector and the economy. China39;s Politburo pledged last week to strive to achieve the 2024 economic growth target […]

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KKRBacked Malaysian Telecom Infrastructure Group OMS to Revisit IPO Plan

UKs Rightmove Rejects Sweetened 8.3B Bid from Murdochs REA Group

Oil Sets to Fall for 3rd month Despite Middle East Conflict

Feds Powell Set to Speak as Economists Fret about Policy Mistake, Election Risk

Japan Factory Output Falls, Casting Doubts about Pace of Economic Recovery

South Korea Aug Factory Output Rises the most in a Year

China to Cut Existing Mortgage Rates by the End of October

Board needs to Discuss Household Debt, Bank of Korea Governor

India Allows nonBasmati White Rice Exports in Boost for Global Supplies

China Property Shares Surge on Easier Home Purchase Rules, Improved Sentiment

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