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In Debt
A drop in the Ocean
Asia’s high-yield debt market was dealt another blow when Ocean Grand Holdings was downgraded to single-D from single-B by Standard & Poor’s after the announcement that it does not have sufficient resources to service its short-term debt.
By Timothy Cuffe



IPO Report
Indian outsourcing firm prices US IPO at top end
The size of the WNS offering increased to $224 million as heavy oversubscription allowed British Airways to sell all its shares.
By Anette Jönsson

Pensions & Insurance
What to do about the MPF?
New ideas raised at a seminar organised by AsianInvestor.
By Andrew Peck




M&A Briefing
Venture Corp to acquire largest Singapore competitor
Singapore's two largest electronics companies to combine through an acqusition that values GES International at a 19% premium to the market price.


By Sameera Anand

Business Moves
HSBC buys Westpac’s Australian sub-custody book
The deal makes HSBC the second largest domestic custodian in the market.
By Cherie Marriott




People Moves
AIG Global Investment snatches mutual fund veteran
Sonthalia makes the shift to expanding AIG venture after spending most of his career at DSP Merrill Lynch.
By Sameera Anand

People Moves
Baker & McKenzie elects seven partners
Firm appoints new partners in its Hong Kong, Beijing, Shanghai and Ho Chi Minh City offices.
By Andrew Peck


Standard & Poor's Daily Ratings Direct Asia-Pacific Highlights
Welcome to Standard & Poor's daily summary of credit research of interest to investors in Asia-Pacific.
By Standard & Poor's