November 18, 20240 Comments

Indonesia stocks lower at close of trade; IDX Composite Index down 0.29% By Investing.com

Investing.com – Indonesia stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Jakarta, the declined 0.29% to hit a new 3-months low. The best performers of the session on the were Saranacentral Bajatama Tbk (JK:), which rose 29.47% or 28.00 points to trade at 123.00 at the close. Meanwhile, Jakarta Setiabudi Internasional (JK:) added 25.00% or 1,090.00

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November 18, 20240 Comments

Australia’s competition watchdog begins review of Vocus-TPG $3.4 billion deal By Reuters

(Reuters) -Australia’s competition regulator said on Monday it is seeking views on the Macquarie-backed telecommunications group Vocus’ A$5.25 billion ($3.39 billion) takeover of local telecom operator TPG Telecom (BCBA:)’s enterprise, government, and wholesale (EG&W) fixed business and fibre network assets. The Australian Competition and Consumer Commission (ACCC) said it is seeking views from interested parties on the likely impact on prices and service quality in the supply of fixed line

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November 18, 20240 Comments

Exclusive-Country Garden submits offshore debt restructuring plan to creditors, sources say By Reuters

By Xie Yu and Clare Jim HONG KONG (Reuters) – Country Garden (HK:) submitted the preliminary terms of its offshore debt restructuring proposal to some creditors late last month, said five sources familiar with the matter, as the indebted Chinese property developer tries to avoid liquidation. The restructuring proposal includes a revised cash flow projection, said two of the sources who have direct knowledge and another person familiar with the

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November 18, 20240 Comments

Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say By Reuters

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple (NASDAQ:) supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold

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November 18, 20240 Comments

Australia regulator sues NAB for ignoring hardship application deadlines By Reuters

(Reuters) -Australia’s corporate watchdog on Monday launched civil penalty proceedings against National Australia Bank (OTC:), the country’s second-largest lender, for failing to respond to hundreds of financial hardship applications within the legally mandated time frame. Shares in NAB slipped as much as 1.9% to A$38.98 in early trade, largely in-line with a 1.2% fall in the broader financial sub-index. The Australian Securities and Investments Commission (ASIC) claims that NAB and

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