Aletheia Capital has initiated coverage on Sea with a “sell” recommendation and a target price of US$40 ($56.36).The brokerage’s target price implies that there’s a 20% downside to the NYSE-listed counter’s last-closed share price of US$50 on Oct 25.“Sea has chronic difficulties that are...

CGS-CIMB Securities group CEO Carol Fong has confirmed a split between the brokerage’s parent companies, with China Galaxy Securities (CGS) assuming full control by January 2023.Speaking to The Edge Singapore on Sept 28, Fong says a call and put option has already been put in place. “By January ...

KUALA LUMPUR : Malaysia's stock exchange on Monday said it will launch a voluntary carbon market (VCM) by the year's end, with the aim of increasing transparency and enabling companies to buy carbon credits to offset their emissions.The new exchange will encourage investments in high-quali...

Recent conversations about the global economy and markets have been defined by a set of recurring questions. While there are many moving parts that are difficult to capture in a single clear picture, it is worth attempting to bring some of the biggest issues into better focus.Recession poserThe firs...

OSLO : Norway's Telenor hopes the European Commission will change its stance on competition in the telecoms sector and allow for more consolidation and thereby encourage investments in infrastructure, its top executive told Reuters on Wednesday."The European Commission needs to adopt a...

Brent oil blew past US$65 ($86.37) a barrel as a cold blast that’s taken out almost 40% of US crude production morphed into a global supply shock. Futures in London jumped as much as 1.8% at the open after closing at the highest in almost 13 months. The global crude benchmark last traded abov...