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Vietnam seeks $1.2billion in overseas loans to expand refinery

  Bloomberg Vietnam is seeking about $1.2 billion in overseas loans for its only oil refinery before a share sale in 2017, to increase output and meet demand in one of Southeast Asia’s fastest growing economies. “The expansion will help our refinery operate more efficiently since it will boost the overall output by 30 percent and help cut production costs,” ...

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SoftBank CEO says $100bn tech fund ‘oversubscribed’

  Bloomberg SoftBank Group Corp. is close to tying up $100 billion for a technology fund that it announced with the government of Saudi Arabia, the Japanese company’s founder and Chief Executive Officer Masayoshi Son said. “I am talking to a few investors and I think we are oversubscribed,” Son said at an event in New Delhi on Friday, without ...

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Malaysia to ease onshore hedging rules as ringgit dips

  Bloomberg Malaysia said it would provide greater hedging flexibility in its onshore currency market after the central bank’s moves last month to discourage speculators saw the ringgit tumble toward its weakest since 1998. Overseas and domestic fund managers will be allowed to manage their foreign exchange exposure of as much as 25 percent of invested assets, the central bank ...

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