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Investment banks on course for first-half Asia record

Investment banks on course for first-half Asia record Investment banks are poised to celebrate their best first half on record in Asia with buoyant capital markets and strong takeover activity driving up revenues. Financial firms have earned an estimated $1.7bn in revenues from deals in Asia and, with seven weeks to the end of the period, are within striking distance of the record high set in the first half of 2005, according to figures by Dealogic, the research firm. Most investment banking fees are confidential but executives say the Dealogic figures under-estimate their firms earnings, highlighting the fact that rapid growth in revenues

Asia Cryo-Cell plans 2 overseas banks

Asia Cryo-Cell plans 2 overseas banks Asia Cryo-Cell Pvt Ltd, which provides cord blood stem cell banking service, has said it planned to set up two overseas banks for umbilical cord stem cells by June 2006. It was considering Sri Lanka, Malaysia or Dubai as candidate locations. The Chennai-based company, formed in November 2004, would soon set up a stem cell transplant facility in Chennai in collaboration with a teaching hospital there. The unnamed hospital would offer therapies based on umbilical cord blood stem cells for leukaemia, neurological disorders, spinal cord injuries, diabetes and heart attack, said S. Abhaya Kumar, Vice-Chairman and

FUND VIEW-China and Hong Kong best Asia bets

FUND VIEW-China and Hong Kong best Asia bets Global stock investors should be overweight China and Hong Kong in their portfolios, because the Chinese economy is likely to keep growing at or near double-digit rates, a fund manager at New Star Asset Management said on Monday. But investors should be underweight the technology-heavy markets of Taiwan and South Korea, because of the risk a slowing U.S. economy will slash the profits of low margin exporters, added Jorry Noeddekaer. Our biggest overweight right now is definitely Hong Kong and China. We more or less add these two names together, he told Reuters in an

Japan’s Nomura aims to become top investment bank in Asia

Japan's Nomura aims to become top investment bank in Asia Nomura Holdings Inc. (8604.TO) aims to become the top investment bank in Asia by clinching more large deals with Asian companies and grabbing market share from rivals from the U.S. and Europe, the company's head of investment banking said Monday. Nomura, Japan's biggest securities business group by revenue, has been building up its capabilities and competitiveness of its investment banking operations in the region, and has served as a global coordinator for large equity offerings by such companies as South Korea's Lotte Shopping Co. and India's ICICI Bank Ltd. "In this

India, China, Spore best investment bets in Asia: JP Morgan

India, China, Spore best investment bets in Asia: JP Morgan India, China, Singapore and Indonesia offer Asias best stock investment opportunities outside Japan, while South Korea, Malaysia and Thailand have the least appeal, JP Morgan Asset Management said on Wednesday. The outlook for global equities in general is positive because corporate earnings are strong, inflation is subdued and global growth remains on track, added Geoff Lewis, head of investment services at JF Asset Management, which had more than US $26 billion in assets under management at the end of the first quarter. The company is part of the fund management arm of JP