StanChart shares upgraded by CLSA with Singapore’s DBS seen as likely buyer


CLSA expects that UK bank’s “challenging” recovery could lead to a takeover by a white knight- most likely DBS. Singapore’s Temasek Holdings is the biggest shareholder in both the banks

Apple promotes longtime executive Jeff Williams to COO

Apple Inc promoted longtime executive Jeff Williams to the role of chief operating officer, reinstating the title previously held by Chief Executive Tim Cook, as part of a series of changes to the company’s leadership team. Williams, who joined Apple in 1998, previously served as senior vice president of operations and… Read more »

Alibaba manages big win by avoiding getting named on US blacklist for counterfeit goods

Chinese e-commerce giant Alibaba Group Holding Ltd has avoided being named on a U.S. blacklist for sites hosting the sale of fake goods, a victory for the firm after lobbying hard to avoid inclusion on the list. The U.S. Trade Representative (USTR) said, though, it was “increasingly concerned” about Alibaba‘s enforcement… Read more »

AB InBev to quickly offload SABMiller’s two beer brands to fend off competition regulator concerns

The sales are aimed at heading off competition regulators’ concerns about AB InBev’s $100 billion-plus takeover of SABMIller, one of the biggest deals in corporate history.

Apple partners UnionPay to launch payment services in China; to compete with Alipay

Apple Inc said on Thursday it had partnered with China UnionPay to launch payment service Apple Pay in China for China UnionPay cardholders by early 2016. China UnionPay is a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country. “China is an… Read more »

AstraZeneca to buy 55% of biotech firm Acerta for $4b, to get cancer drug

AstraZeneca is to buy 55 percent of privately held biotech firm Acerta Pharma for $4 billion to give it access to a new kind of blood cancer drug, boosting its long-term growth at the cost of a near-term hit to earnings. It is a lofty price but AstraZeneca believes acalabrutinib… Read more »

PE firm Cerberus close to buying 80% of Avon North America unit: WSJ

Private equity firm Cerberus Capital Management LP is close to an agreement to buy 80 percent of Avon Products Inc‘s North American business for $170 million, the Wall Street Journal reported on Thursday. New York-based Cerberus will also invest $435 million for a nearly 17 percent stake in the parent company,… Read more »

China’s adopting US-style IPO registration system comes as boon for local brokers

China’s landmark decision this month to implement a US-style registration system for stock listings will boost revenues at local banks and brokers and lure more companies to the stock market, analysts said. Under official proposals unveiled by the State Council on Dec. 9, issuers and underwriters will have leeway to… Read more »

Apple shuts Twitter data analytics platform Topsy after buying it for over $200m

Apple Inc has shut down its Topsy Labs unit, which specialised in analyzing Twitter data and providing insights into current sentiment on a variety of topics, and the move prompted an outcry from many of its users. The website for the platform currently directs users to an Apple support… Read more »

Hong Kong: BPE Asia-NP JV to build luxury houses in Tai Tam

BPE Asia Real Estate (BPE Asia) and National Properties, a subsidiary of Hong Kong-listed firm National Electronics Holdings Limited have established a joint venture (JV) for the construction of luxury detached houses in Tai Tam, the Island South District of Hong Kong. The proposed development includes seven luxury detached houses located on a… Read more »