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Oct 9, 2015

StanChart CEO plans to cut about 1,000 top staff – memo

SINGAPORE/LONDON, Oct 9 (Reuters) – Standard Chartered’s
new Chief Executive Bill Winters plans to cut up to a
quarter of the bank’s most senior staff to reduce costs,
according to a memo sent to staff, which is likely to see about
1,000 top jobs go.

Winters said he planned to reduce the number of staff who
are graded in bands 1-4 by a quarter, according to an internal
memo seen by Reuters. Those bands cover bankers at director
level and higher, and include about 4,000 staff.

Oct 7, 2015

AirAsia’s potential management-led buyout faces headwinds

KUALA LUMPUR/SINGAPORE (Reuters) – AirAsia founder Tony Fernandes may find it tough to take the budget airline private due to large funding needs as potential partners worry about a floundering Malaysian economy and a weak regional aviation market.

Reuters exclusively reported on Tuesday that AirAsia’s founders were talking to banks to secure financing for a management-led buyout, which could be launched this year.

Oct 7, 2015

AirAsia shares gain eight percent after report it may be taken private

KUALA LUMPUR/SINGAPORE (Reuters) – Shares of AirAsia Bhd (AIRA.KL: Quote, Profile, Research, Stock Buzz) rose to their highest in nearly two weeks after Reuters reported that the founders of Asia’s largest budget airline are sounding out investors to take the company private.

The stock rose as much as 8 percent in early trade to hit 1.35 ringgit per share, its highest since Sept 25, and outperforming the 0.05 percent rise in the benchmark index .

Oct 6, 2015

Noble’s U.S. metal traders Evans, Romanek leave: sources

NEW YORK/SINGAPORE (Reuters) – Noble Group Ltd’s senior U.S. metals traders Scott Evans and Jeff Romanek have left the company, four sources said on Tuesday, the latest in a string of high-profile departures as the Asian commodities trader battles weak commodities prices.

The sources requested anonymity because they are not authorized to speak to the media.

Oct 6, 2015

Exclusive: Beaten-down AirAsia taps investors to take company private – sources

SINGAPORE (Reuters) – Founders of Asia’s largest budget carrier, AirAsia, are sounding out investors to take the company private in a management-led buyout, after a critical research report knocked its shares to a seven-year low, people familiar with the matter said.

AirAsia Bhd co-founder Tony Fernandes is talking to banks to secure financing for the transaction, which could be launched over the next few months, said the people, who did not want to be identified as the discussions were confidential.

Oct 6, 2015

Exclusive – Beaten-down AirAsia taps investors to take company private

SINGAPORE (Reuters) – Founders of Asia’s largest budget carrier, AirAsia, are sounding out investors to take the company private in a management-led buyout, after a critical research report knocked its shares to a seven-year low, people familiar with the matter said.

AirAsia Bhd co-founder Tony Fernandes is talking to banks to secure financing for the transaction, which could be launched over the next few months, said the people, who did not want to be identified as the discussions were confidential.

Oct 6, 2015

Beaten-down AirAsia taps investors to take company private-sources

SINGAPORE, Oct 6 (Reuters) – Founders of Asia’s largest
budget carrier, AirAsia, are sounding out investors to take the
company private in a management-led buyout, after a critical
research report knocked its shares to a seven-year low, people
familiar with the matter said.

AirAsia Bhd co-founder Tony Fernandes is talking
to banks to secure financing for the transaction, which could be
launched over the next few months, said the people, who did not
want to be identified as the discussions were confidential.

Oct 4, 2015

Senior M&A executive at Noble Group departs – sources

SINGAPORE, Oct 2 (Reuters) – A senior M&A and investments
executive at Noble Group has resigned from the
company, marking a string of recent departures at the
commodities trader as it battles weak prices of resources,
people familiar with the matter said on Friday.

Ellen Chon, who has been with the company for more than six
years, is currently on leave, said the people, who declined to
be identified as they were not authorised to speak to the media.

Oct 2, 2015

Noble Group’s global M&A head departs – sources

SINGAPORE, Oct 2 (Reuters) – Noble Group’s global
head of M&A has resigned from the company, marking a string of
recent senior level departures at the commodities trader as it
battles weak prices of resources, people familiar with the
matter said on Friday.

Ellen Chon, who has been with the company for more than six
years, is currently on leave, said the people, who declined to
be identified as they were not authorised to speak to the media.

Sep 22, 2015

Singapore Exchange faces test as China-led boom fades

SINGAPORE/HONG KONG, Sept 22 (Reuters) – The new head of
Singapore Exchange Ltd, which was hit hard in its
derivatives trading by China’s economic slowdown, could face his
toughest questions yet at an annual shareholders’ meeting on
Wednesday as pressure mounts to find new sources of revenue.

Trading in one of the exchange’s key futures contracts for
Chinese shares has slumped by nearly three-fourths from a record
high hit in early July, Thomson Reuters data shows, at a time
when its derivatives business has been growing and contributes a
rising share of its revenue.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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