The debut of electronic trading in India’s corporate bonds seeks to expand volumes now 20 percent of those in South Korea and improve transparency amid global probes into manipulation of interbank markets.
Aussino fell the most on record after the Singapore Exchange rejected a proposed purchase of Max Strategic Investments Pte. in a deal that would turn the maker of bed linens into a fuel retailer in Myanmar.
Short-seller Carson Block’s charge that Olam International Ltd. will fail, his first attack on a Singapore company, is a victory for shareholders after it made the commodity trader more responsive to investors.
Trafigura Beheer BV, a commodities trader that listed a $500 million bond earlier this month and is disclosing financial statements for the first time, said first- quarter profit rose 3.2 percent as oil revenue increased.
Singapore Exchange Ltd., operator of Southeast Asia’s biggest bourse, said it’s reviewing procedures after derivatives trading was delayed by a computer breakdown last week, sending investors to alternate venues.
Asian stocks advanced for the first time in three days as new-home construction in the U.S. jumped more than forecast, the International Monetary Fund raised its forecast for Japanese growth and the yen weakened
When Caroline Silver helped negotiate a $2.2 billion price for the London Metal Exchange last year, she woke a moribund market for cross-border takeovers that may yield an $8.2 billion windfall for NYSE Euronext.