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Author: traderhub8   |   Latest post: Fri, 8 Nov 2019, 4:10 PM

 

Phillip Capital Morning Note - 9 Jul 2019

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Deutsche Bank's mass restructure will see 18,000 jobs cut by 2022 and the closure of its global equities sales and trading business in a bid to improve profitability. Deutsche Bank shares plummeted on Monday, falling as much as 7.3%.

US President Donald Trump launched an extraordinary attack on Monday on outgoing British premier Theresa May, following the leak of diplomatic cables highly critical of his presidency.

Airbus SE and Boeing Co may pull out of a bidding process to supply Canada with new fighter jets because they say the contest is unfairly tilted toward Lockheed Martin Corp, two sources with direct knowledge of the situation said on Monday.

A new Bill tabled in Parliament on Monday is seeking to regulate the private-hire car industry in Singapore, proposing to issue two operating licences – one for street-hail services and another for ride-hail services.

CapitaLand has signed loans with Credit Agricole Corporate & Investment Bank, Natixis Bank and Societe Generale to raise S$300m in sustainability-linked loans, co. says in an exchange filing.

Frasers Property will form a new business unit that will combine its industrial and logistics operations in Australia and Europe, representing S$5.4 billion in assets under management.

Sembcorp Marine said that it has lodged a report with the Commercial Affairs Department of the Singapore Police Force, after revealing last week that its yard in the south-eastern state of Brazil was raided and the facility's former president was involved in a corruption probe.

United Tec Construction, which is 60 per cent owned by mainboard-listed construction firm Lian Beng Group, has secured a S$234.7 million contract to build a fresh food distribution centre for NTUC Fairprice.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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