Nasdaq increases scrutiny of small-cap IPOs after wild swings

NEW YORK – Nasdaq is stepping up scrutiny of initial public offerings (IPOs) by small-cap companies, according to people familiar with the matter, after a series of outsized gains by new listings that quickly evaporated. The exchange is looking more closely at prospective small-cap issuers across industries and countries, said the people, who asked not […]

‘Rampant’ greenwashing by major companies on social media: Harvard report

NEW YORK – A commercial plane photoshopped with the tail of a shark, hashtags that misleadingly evoke sustainability, tokenistic use of minorities to distract and to signal virtue: a Harvard report published on Tuesday highlights rampant greenwashing by leading companies on social media. The investigation, commissioned by Greenpeace Netherlands, involved analysing the text and images […]

US consumer watchdog plans to regulate ‘buy-now, pay-later’ companies

WASHINGTON – The US Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday (Sept 15). The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a […]

Temasek’s CLA Real Estate sets up life sciences investment company

SINGAPORE – CLA Real Estate Holdings, a wholly owned subsidiary of Temasek, has established a new company called ClavystBio to invest in life sciences companies and develop an innovation district in Singapore. Launched on Thursday, ClavystBio is led by chief executive officer Christopher Laing, who was previously vice-dean of innovation and entrepreneurship at Duke-NUS Medical School. […]

SGX makes push for full disclosure of CEO pay

SINGAPORE – The Singapore Exchange is planning changes to its corporate disclosure rules, including asking companies to reveal exactly how much their chief executive officers are paid. The Singapore Exchange Regulation (SGX RegCo), the bourse’s regulatory arm, will consult the market on requiring disclosures for the remuneration of CEOs and directors, according to a statement. […]

Biden administration releases plan for US$50 billion investment in chips

WASHINGTON – The Department of Commerce on Tuesday unveiled its plan for dispensing US$50 billion aimed at building up the domestic semiconductor industry and countering China, in what is expected to be the biggest US government effort in decades to shape a strategic industry. About US$28 billion of the so-called CHIPS for America Fund is expected […]

ApexBrasil Agency and Alibaba Signed a Memorandum of Understanding

HONG KONG, Sep 6, 2022 – (ACN Newswire via SEAPRWire.com) – The Brazilian Export and Investment Promotion Agency (ApexBrasil) held a memorandum of understanding (MoU) signing ceremony with Alibaba Group to deepen their cooperation on cross-border e-commerce platforms during the China International Fair for Trade in Services on September 3, 2022. Under the framework of […]

China to require approvals for companies to issue offshore debt

BEIJING (BLOOMBERG) – China is set to ask companies planning to sell offshore debt with tenors of longer than one year to get approval from the country’s top economic planning body. This will bring greater enforcement to parts of longstanding guidance on overseas financing as concern mounts about the strength of the United States dollar. Companies including […]

How asset managers can help ensure accountability for sustainable investing

Sustainable investing has faced some roadblocks over the past year. Part of this has to do with rising concerns about greenwashing, or the act of leading consumers and stakeholders into believing that a company’s practices, products or services are more environmentally friendly than they really are.  For investors looking to do good with their money […]

Singapore expects more US-listed Chinese firms coming to its shores: SGX CEO

SINGAPORE (BLOOMBERG) – Singapore Exchange (SGX) sees more listings in the coming months by Chinese issuers that already trade American depository receipts, even as it grapples with delayed deals amid a global valuation slump. Following Nio’s technical listing in May, investors can expect others to follow suit, chief executive officer Loh Boon Chye said in an […]

Sleuths who protect crypto from hackers are raking in money

PORTLAND, OREGON (BLOOMBERG) – At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving. With criminals including North Korean hackers increasingly targeting the sprawling software infrastructure underpinning the crypto sphere, firms that sift through code for weaknesses and run bug-hunting sites are finding themselves with more […]

Essex Bio-Technology Included in “Forbes Asia’s Best Under A Billion 2022”

HONG KONG, Aug 16, 2022 – (ACN Newswire via SEAPRWire.com) – Essex Bio-Technology Ltd (“EssexBio” or the “Group”, Stock Code: 1061.HK) is pleased and honoured to announce that it is included in “Forbes Asia’s 200 Best Under A Billion 2022” – for the Group’s outstanding long-term sustainable development across a variety of metrics. (Source: forbes.com) […]

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG (REUTERS) – Five Chinese state-owned companies, including oil giant Sinopec and China Life Insurance, said on Friday (Aug 12) they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco), PetroChina and a separate Sinopec entity, […]

How Holcim units, other Indian cement firms fixed prices: Antitrust report

NEW DELHI (REUTERS) – Swiss giant Holcim’s India units and more than a dozen other cement manufacturers colluded to raise prices and restrict supplies for years, which included regularly inspecting one another to ensure there was no breach of the agreements, according to a federal antitrust probe. The investigations arm of the Competition Commission of […]