BY NOW, regular BT readers and those active in the market would know that the majority of investment houses are recommending a "buy" on Western markets for 2014, mainly Wall Street, and to largely ignore or underweight Asia. (See "Go West appears to be mantra for 2014", BT, Dec 2).
CDL Hospitality Trusts (CDLHT) has extended its foray into the Maldives with its acquisition of Jumeirah Dhevanafushi resort, its second property there, from Xanadu Holdings for US$59.6 million.
THE pot is being stirred at renowned family-owned chocolatier, Ferrero Group, as it tries to rebalance its heavy reliance on Western Europe towards Asia.
GENTING Hong Kong and other shareholders have agreed to sell up to 25.3 million shares in Nasdaq-listed Norwegian Cruise Line Holdings (NCLH) in a secondary public offering.
WE Holdings, the electronics distributor that is exploring Myanmar cement and resources opportunities, is acquiring Hong Kong-based electronics distributor Everbest Industrial (International) for US$7.4 million.
SWISSCO Holdings has placed orders to add $42 million worth of vessels to its fleet, while Cosco Corporation has secured a US$54 million contract.
YOMA Strategic Holdings has unveiled plans for a joint-venture company to build and operate a steel mesh products manufacturing plant in Yangon, Myanmar.
[SINGAPORE] A former Royal Bank of Scotland Group plc trader in Singapore fired for allegedly rigging the London interbank offered rate (Libor) has discontinued his lawsuit for wrongful dismissal.
ASIAN investors should look for businesses that will benefit from a shift towards recovery in developed economies in 2014, analysts at Goldman Sachs and UBS said as they gave their outlooks for the year ahead.
KEPPEL Corp's chief executive officer-designate Loh Chin Hua will join its board as an executive director from next month when current CEO Choo Chiau Beng retires.
[LONDON] Standard Chartered warned that 10 years of record earnings are likely to end this year, with profit set to fall because of losses in Korea, a slowdown in its key Asian markets and tougher regulations.