The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.
Industry
US municipal bonds still register more outflows than inflows
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
LAVCA report released for first half of 2013
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Indonesia plans to ease up on divestment rules on foreign miners
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Indonesia loses private equity allure over buyout prices - report
Indonesia has been losing its attraction as a private equity goldmine due to increased competition, shifting government regulations and high valuation prices.
Latest News
OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.
CBS Corp and Time Warner Cable had reached an agreement to end a month long cable blackout of some shows in New York, Dallas and Los Angeles.
After completion of the Vodafone-Verizon USD130 billion deal, Vodafone would return a hefty USD84 billion in cash and shares to its investors.
The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
Many Gulf markets registered losses as the region prepares for the possible military action to punish the Syrian chemical attack on civilians.
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
