Shayne Heffernan

ARA Asset Management RMB IPO in Singapore

ARA Asset Management aims to list a yuan-denominated real estate investment trust in Singapore by July, Dow Jones Newswires reported. The REIT – comprising ARA Asian assets – will look to raise between 3.52 billion yuan (HK$4.32 billion) and 4.02 billion yuan. The listing will mark a first for a yuan- priced REIT outside of [...]

Asian Stock Market Preview Olam, Wilmar, PTTEP

Asia will come under pressure today as the EuroCrisis continues to worsen.Greeks are said to have withdrawn at least 700 million euros ($890 million) from banks on Monday alone. Several banking sources said Tuesday was similar. Nearly a third of bank deposits were taken out in the first three months of this year. The Greek [...]

Supra Boga Lestari IPO in Jakarta

Supra Boga Lestari, the operator of Indonesia supermarket chains Ranch Market and Farmers Market grocery stores, plans to raise Rp 160 billion ($17 million) in an initial public offering as it expands into islands beyond Java, where all its stores are located at present. Sugiyanto Wibawa, operational director at Supra Boga, said that same-store growth [...]

Insiders Selling FaceBook NASDAQ:FB

Insiders Selling FaceBook NASDAQ:FB 84 million more shares up for grabs. Strong retail demand has been generated for FaceBook however insiders are exiting on that buying as the IPO becomes more of a media event than an IPO. Additional shares will be sold by early investors including PayPal co-founder Peter Thiel, Accel Partners’ James Breyer [...]

New York Trading, FX, Gold, Oil

The Commerce Department said housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units. March’s starts were revised up to a 699,000-unit pace from a previously reported 654,000 unit rate. The housing market is showing some signs of life after collapsing six years ago, but remains hobbled by a glut of [...]

Apple Inc NASDAQ:AAPL Seek Tax Holiday

Apple Inc NASDAQ:AAPL CEO Tim Cook has met with the speaker of the United States House of Representatives John Boehner. Apple has been under fire over legal tax and investment planning, recently Senator Tom Coburn said he is joining Senator Carl Levin to investigate Apple’s tax practices, although Coburn said the probe will look into [...]

Trading Outlook AAPL, FX, Gold, Oil

Apple Inc. NASDAQ:AAPL is trading .5% higher in the premarket Apple Inc. NASDAQ:AAPL will release a new series MacBook Pro machines, to be unveiled at Apple’s annual developers conference starting June 11, also will feature high- definition screens like those on the iPhone and iPad, as well as flash memory to cut startup times and [...]

Read More » No comment May 15, 2012

EuroCrisis: Why Greece Became a Disaster

Moody’s said on April 13 that it would begin downgrading banks, including BNP Paribas, France’s biggest lender, Germany’s Deutsche Bank and New York-based JPMorgan and Morgan Stanley, by early May. Yesterday, Moody’s spokeswoman Kirsten Knight said the firm’s schedule for “concluding bank rating reviews” hadn’t changed. “Moody’s expects to conclude the reviews by the end [...]

Read More » No comment May 15, 2012

Jamie Dimon and JPM Should Move to Asia

JPMorgan Chase & Co. (NYSE:JPM) Financial Institutions around the world and especially those in Europe and the USA face a crucial set of choices about the future of their institutions. Western Governments are riddled with debt and their only way out is decades of austerity and taxes, but the new world is a mobile world, [...]

Read More » No comment May 15, 2012

ASEAN Stock Market Preview Singapore, Hong Kong, China

ASEAN markets will open lower after yesterdays session in New York, but may rally in the afternoon session. Stocks slid on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China’s economy may be softening more than previously thought. European finance ministers grappled with [...]

Read More » No comment May 15, 2012

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …