19-Nov
US Jobless Claims Hover Near Forty Year Low
teeth53 thot - Tomorro Friday regional bourses green green, huat huat argh.
Moving Ahead -- Other than M& A activities, other financing activities have also started to gain traction going well into next year based on a healthy pipeline of IPOs.
Additional share placements and rights issue exercises. From the period 1 st October 2014 to 1st October 2015, the Singapore Stock Exchange&rsquo s (&ldquo SGX&rdquo ) Main board and Catalist board have both managed to list 17 IPOs raising total proceeds of approximately S$762.6 million.
However, many newly listed companies prefer to list on the Catalist board. Surprisingly, additional share placements have accounted for S$1.0 billion while rights issues have raised a total of 2.8 billion in the past 12 months.
Contrary to popular beliefs, Singapore market is truly buoyant and forging forward.
&ldquo M& A activities in Singapore are still very vibrant! Despite equity markets in the region going through a correction phase, there are always opportunities for listed companies to consider through M& A, industry consolidation and corporate restructuring etc. For example, listed companies can even consider delisting and to restructure without the burdens of a listed company. After which, the said company can relist later to take advantage when equity markets recover,&rdquo proposed Robson Lee, Managing Partner of Gibson Dunn.
Table 2: Total Number of Completed Deals and Value in Singapore
1st Oct - 2014 &ndash 1st Oct - 2015
| Type of Deal | # Deals | Value in S$ |
| Cross Border | 121 | 5.4B |
| Additional Stake Purchase | 41 | 5.4B |
| Company Takeover | 73 | 3.9B |
| Tender Offer | 4 | 3.6B |
| Asset Sale | 27 | 2.7B |
| Minority Purchase | 90 | 1.9B |
| Private Equity | 58 | 1.69B |
| Venture Capital | 50 | 1.1B |
| Joint Venture | 10 | 393.5M |
| Majority Purchase | 19 | 327.2M |
| Mandatory Offer | 1 | 321.4M |
| Squeeze Out | 1 | 321.4M |
| Going Private | 1 | 186.0M |
| Private Placement | 10 | 160.9M |
| Spin-off | 1 | 148.2M |
| Financing Round | 14 | 136.9M |
| Sale Leaseback | 1 | 98.1M |
| Option Agreement | 5 | 53.8M |
| PE Seller | 1 | 24.9M |
| Seed | 9 | 7.3M |
| Debt for Equity | 1 | 5.6M |
| Angel | 1 | 4.2M |
| Related Party Transaction | 1 | 947.7k |
Straits Times Index (&ldquo STI&rdquo ) has plunged more than 20% since hitting this year&rsquo s peak in April. It benchmark index has also broken its critical 3-year support level of 2,800 points. Partly contributed to many analysts expecting further weakness in the STI and turnover volumes to taper off substantially in the near term.
Is Singapore&rsquo s financial market really in the doldrums?
According to Bloomberg data in the past 12 months, Singapore has generated 221 deals aggregating S$12 billion in value. Neighbouring countries with major stock exchanges like Malaysia and Indonesia generated lesser transactions and values in the same period. In comparison, Singapore has come out top in the region.
Total Number of Completed Deals and Value in the Region
1st October 2014 &ndash 1st October 2015
| Rank | Country | # Deals | Value in S$ |
| 1 | Singapore | 221 | 12.0 B |
| 2 | Malaysia | 121 | 2.4 B |
| 3 | Thailand | 45 | 1.7 B |
| 4 | Indonesia | 60 | 854.7 M |
| 5 | Vietnam | 41 | 534.9 M |
M& A Activities in Singapore Many corporate advisors are citing increasing merger and acquisition (&ldquo M& A&rdquo ) activities in privatisations and reverse take-overs (&ldquo RTO&rdquo ) due to better valuation and more realistic expectations. During the past 12 months, the total size of company takeovers stands at a staggering S$3.9 billion while a single privatisation deal accounted for S$186 million in the same period. Completed cross border deals champions the cause generating around S$5.4 billion through 121 transactions in the last 12 months. The cross border numbers fortifies the fact that Singapore remains a prime financial destination in the region.
Round and round it goes. Another sea of Red today perhaps?
gold drop 20pts...... huat ah...short
Stock rout costs China's richest man $3.6 bn in one day - AFP News 1 hour 29 minutes ago
China's richest man lost $3.6 billion in a single day after global stock markets tanked and Chinese markets erased all their gains for the year.
Wang Jianlin, chairman and founder of property and entertainment company Dalian Wanda, lost more than 10% of his total wealth on Monday, according to the Bloomberg Billionaires Index, which tracks the world's richest people.
Shanghai shares Monday collapsed by 8.49%, the biggest daily loss since 2007, sparking a vast sell-off in global financial markets as concerns mounted that a slowdown in the world's 2nd-largest economy could hurt global growth.
Tuesday - Shanghai fell an additional 7.63% after black Monday.
SGX index going minus -100 poihts.
Greece gets $129 billion bailout deal, Business News & Top ...
ATHENS &bull Greece and its international lenders reached an &euro 85 billion (S$129 billion) bailout agreement yesterday after talking through the night, officials said ...
China growth beats forecasts at 7 percent as activity picks up
Greece now in better shape?. - or other wise
The results are rolling...in: http://ekloges.ypes.gr/current/e/public/index.html?lang=en
Date: 06-07-2015. 02:28
Registered 9.750.940
Reporting 99,13 %
Voted 62,47 %
Invalid/Blank 5,80 %
NO, NO vote: 61,33 %
YES YES vote: 38,67 %
Case for Greece: when it forgave Germany's debt - Associated Press. 3 hrs ago
LONDON -- Forgiving debt, if done right, can get an economy back on its feet.
The IMF certainly thinks so, according to a new report. But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. After the hell of World War II, the Federal Republic of Germany ? commonly known as West Germany ? got massive help with its debt from former foes.
Among its creditors then is Greece.
The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of Germany's loans and restructured the rest, is a landmark case.
So Greek Finance Minister Yanis Varoufakis claims debt relief is the key issu.
The IMF backed the call to make Greece's debt manageable with a wide-ranging report on Thursday.
Despite years of budget cuts, Greece's debt burden is higher than when its bailout began in 2010 ? over 300 billion euros ($332 billion), or 180 percent of annual GDP ? because the economy has shrunk by a quarter.
Here's a look at when Germany got debt relief, and if such action might help Greece.
FORGIVE US OUR DEBTS
1953's London Agreement, hammered out over months, was generous to West Germany. It cut the amount owed, extended the repayment schedule and granted low interest rates.
And crucially, it linked West Germany's debt repayment schedule to its ability to pay ? tying repayments to the trade surplus it was running and expected to run. That created an incentive for trading partners to buy German goods.
The deal effectively blocked claim, and it wasn't a one-way street.
"The London Agreement gave Germany sweeping debt forgiveness and protection from creditors, in exchange for pro-market reforms," said Professor Albrecht Ritschl of the London School of Economics.
West Germany was able to borrow on international markets again, and, free of onerous debt payments, saw its economy grow strongly.
Development activists stated. "The same opportunity should be given to Greece that was given to Germany in 1953," said Eric LeCompte, executive director of debt relief organization Jubilee USA
Greece ppl was greedy. Want package and benefits. Greece PM was a gutless man. Decision like that just dump to citizen to decide.... and he want Greece out of EU?! So can totally write him off. Will be worried if it was spain, italy and such..... so many ppl wanna help them but they simply wanted their way. Selfish lot.
Should not see any blood today. Good luck.
U.S. stocks closed higher on Wednesday as investors eyed better-than-expected data and remained optimistic on resolution between Greece and its creditor.Stocks advanced despite Prime Minister Alexis Tsipras' statements the country will go ahead with the referendum on Sunday and that it is not a determinant of whether or not Greece remains in the euro zone, Reuters reported.
The Dow Jones industrial average closed about 140 points higher, off a more than 170-point rise in the open. The Nasdaq Composite also briefly jumped 1 percent as Apple advanced and biotechs gained.
Dow futures leaped more than 160 points on morning news that Tsipras accepted lenders' conditions in a two-page letter originally sent to the heads of the European Commission that requested only minor revisions to their suggestions on pensions and tax reforms.
Whoa! The Greek govt does a U turn and is now ready to sign on to a bailout package.Just days ago, they Make about-face and won't fix their country's crisis any time soon.
Prime Minister Alexis Tsipras wrote to Euro leaders and International Monetary Fund, accepting most of the conditions they had attached to releasing more cash, a European official told CNNMoney.
