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ADS Securities has $13 bln of bond issues lined up in UAE and beyond -CEO

BY Reuters |

Abu Dhabi financial firm ADS Securities has mandates to arrange bond issues worth $13 billion this year as governments and companies raise capital to cope with falling oil prices and a stuttering global economy, its chief executive said.
Saudi plans stock market reforms to draw foreign money

BY Reuters |

Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low oil prices.
Indonesian online retailer Bhinneka plans IPO to fund expansion

BY Reuters |

Indonesian online retailer PT Bhinneka Mentari Dimensi is planning an initial public offering (IPO) in 2018 to widen its reach, one of its directors said, as the e-commerce battleground heats up in Southeast Asia's biggest economy.
French retailer Casino to sell Big C Vietnam for $1.1 billion

BY Reuters |

Casino is to sell its Big C Vietnam business to Thai conglomerate Central Group for 1 billion euros ($1.1 billion) including debt, giving the French retailer further respite from a debt pile that pushed its credit rating to junk.
Philippine anti-money laundering body says remittance firm a 'cleaning house' in heist

BY Reuters |

A Philippine anti-money laundering body has lodged a complaint against owners of a remittance firm it called a "cleaning house" to hide the trail of $81 million looted from a Bangladesh bank, in one of the biggest cyber heists in history.
Hong Kong cracks down on illegal money flows from China trade

BY Reuters |

Hong Kong is conducting a multi-pronged customs, shipping and financial sector crackdown against so-called fake trade invoicing that allows billions of dollars of capital to leave China illegally.
CME Group fines, bars two UAE futures traders over 'spoofing'

BY Reuters |

Two futures traders in the United Arab Emirates banned from U.S. commodity markets last month for the disruptive practice known as "spoofing" faced additional penalties from CME Group Inc.
Moody's says it will appeal against HK tribunal decision on "red flags" report

BY Reuters |

Moody's Investor Services said it was appealing against a tribunal decision that partly upheld regulatory action imposed for a report on Chinese companies, a rare move that could ultimately redefine the boundaries of public research reports.
Secrecy, hierarchy haunt Japan corporate culture despite Abe's reforms

BY Reuters |

A spate of high-profile scandals at leading Japanese companies show reforms and rhetoric aimed at improving the country's corporate governance do not go far enough to unwind the culture of secrecy and hierarchy that plagues Japan Inc.
Reckitt Benckiser executive slapped in South Korea while apologizing for deadly sterilizers

BY Reuters |

An executive from British consumer goods giant Reckitt Benckiser was slapped during an emotional news conference as he apologized over deadly lung injuries linked to the use of humidifier sterilizers marketed by the firm.