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The Week In Numbers: The Tiger Roars

November 7, 2015 will be remembered as the day when the President of China, Xi Jinping, and the President of Taiwan, Ma Ying-jeou, met for talks in Singapore. Neither will address the other as “President, as neither recognises the other as the President of China. Instead, they will address each other as “Mister”.

Standard Chartered, which was a darling of investors when it was in the right place at the right time, has now found itself in the wrong place at the wrong time. The Asian-focussed bank, which has been saddled with delinquent loans, said it will axe 15,000 jobs and ask investors for US$5.1 billion.

Singapore Airlines (SGX: C6L) announced that it has offered to buy the rest of Tigerair (SGX: J7X) that it doesn’t already own. The Singapore flag carrier, which owns 55.8% of Tigerair, said it is offering to pay S$0.40 in cash. Instead of taking the cash, Tigerair shareholders could choose to subscribe SIA shares at S$11.1043 each.

It was the biggest stock market flotation this year, beating even the mammoth flotation of China’s e-commerce giant, Alibaba. The Initial Public Offering (IPO) of Japan Post on the Tokyo Stock Exchange raised around US$1.9 billion.  The IPO consisted of three different stocks, namely, Japan Post Holdings, Japan Post Bank and Japan Post Insurance.

And finally, a British scientist has found a way that could cut a journey by air from the UK to Australia to just 4 hours. The new technology created by boffins at Reaction Engines, can cool air entering an engine from 1,000C to -150C in a-hundredth of a second without creating ice blockages. This, reportedly, would allow engines to run at speeds of 2,000mph.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.