Blog Layout

AEP Investment to mull IPO for $701mn property assets

  Bloomberg AEP Investment Management Pte, which invests in commercial real estate in Asia Pacific, is considering listing some of its assets through a Singapore initial public offering, people with knowledge of the matter said. AEP has held talks with investment banks about potential exit options, including a real estate investment trust IPO comprising properties held by funds it manages, ...

Read More »

S’pore braces for globalization backlash as trade fears grow

  Bloomberg Singapore, on track to post its worst economic performance since the 2009 global financial crisis this year, is bracing for more uncertainty as rising protectionism poses risks for the export-dependent nation. While the government is forecasting economic growth of as much as 3 percent in 2017 — double the maximum it sees for this year — the city-state ...

Read More »

Sticker shock for US Granola lovers

  Bloomberg Granola and oatmeal lovers in the US may need to prepare for some sticker shock. Oat production in Canada, the world’s biggest exporter, is set to plunge after rain and snow delayed harvests across the Prairie Provinces. Because the crop spent too much time in wet fields, grain quality declined, which means more will end up as livestock ...

Read More »

Swiss to vote on exit from N-energy today

  Geneva / AP Like other countries after the 2011 Fukushima disaster, Switzerland pledged to abandon nuclear power in coming years. But anti-nuclear advocacy groups say the Swiss government’s timetable isn’t fast enough, and have pushed for a referendum this weekend that would hasten the planned exit. Swiss voters cast ballots on an initiative championed by environmentalists and nuclear foes ...

Read More »

EU gets tough: Bloc tells UK Brexit is lose-lose situation

  LONDON / AP Since Britain voted to leave the European Union, UK officials have had one message: Brexit means Brexit. Now they have EU leaders’ reply: And it’s going to hurt. The prime minister of Malta, whose country is about to assume the EU presidency, is the latest leader to dash Britain’s hopes of an easy divorce, signaling that ...

Read More »

J&J approaches Actelion on takeover

  Bloomberg Actelion Ltd. said that Johnson & Johnson has approached it about a potential takeover of the $17 billion Swiss drugmaker, as the US health-care giant works to expand its pharmaceutical lineup. Actelion confirmed the approach in a statement and said it’s not certain that a deal will happen. Actelion is working with an adviser to explore options, and ...

Read More »

Don’t lower corporate taxes. Abolish them

  Lowering the corporate tax rate appears to be all the rage. Donald Trump has promised a cut to 15 percent from 35 percent in the U.S., and British Prime Minister Theresa May has pledged to make the U.K.’s corporate tax the lowest in the G-20, which would mean taking it lower than Trump intends to. On the surface, it ...

Read More »

Facebook’s latest foray into China just may work

  Facebook’s Mark Zuckerberg is willing to try just about anything to get his company back into China. Publicly, he launched a charm offensive that included learning Mandarin and offering Chinese President Xi Jinping the chance to name his first child (he declined). Less publicly, but no less important, the New York Times reports that his company has developed tools ...

Read More »

France’s Republicans must decide who can stop Le Pen

  On Sunday, France’s Republican Party will choose its candidate for the presidential election next spring. Opinion polls say that the Republicans are so far ahead that the party, in effect, is about to name the next president — either Alain Juppe or Francois Fillon, former prime ministers offering not-too-dissimilar conservative programs. The polls, for once, had better be right. ...

Read More »

Urgent need to ban plastic microbeads

  Environmentalists are stepping up their campaign to ban plastic microbeads, which are polluting our seas and killing marine life. These are also entering our food chain. What are plastic microbeads? They are tiny plastic particles which are found in cosmetics — including facial scrubs, exfoliators, shower gels and toothpastes — and household products as well as industrial processes. A ...

Read More »
Send this to a friend