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SPACs might help Singapore break its driest IPO spell in years

Bloomberg Blank-check companies could revive Singapore’s languishing market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals. Singapore Exchange Ltd. this week presented rules for the listing of special purpose acquisition companies, or SPACs, as it attempts to get a slice of what has become a worldwide frenzy. It is allowing SPACs to list ...

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IGCF to review world leaders’ response to Covid-19 crisis

Sharjah / WAM In the lead up to the 10th edition of the International Government Communication Forum (IGCF), scheduled for September 26 – 27, under the theme “Historic lessons, Future ambitions”, the forum has announced that it will review the critical messages delivered by leaders and governments in the wake of the coronavirus (Covid-19) pandemic. The discussion will aim to ...

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Oil posts weekly gain with US storm impact lingering

Bloomberg Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl US oil production, though prices edged lower following a weak US jobs report. West Texas Intermediate futures capped a gain 0.8% for the week despite shedding 1%. The deceleration in hiring reflects growing fears of the delta variant of Covid-19 and ...

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