
Jollibee Eyes Hong Kong as Listing Venue for Overseas Arm
The Philippines fast-food giant is considering listing its international arm in Hong Kong, advancing a plan to split its overseas and domestic businesses.
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The Philippines fast-food giant is considering listing its international arm in Hong Kong, advancing a plan to split its overseas and domestic businesses.

Japan's 10-year government bond yield touched 3%, its highest level since 1996 The yen traded near 160 per dollar, reviving concern about possible intervention.

The U.S. Treasury announced on August 19 that it would at least double the maximum size of its liquidity-support buybacks in the 10-to-20-year and 20-to-30-year bonds. The news reversed over six months of position unwinding of debasement trade; gold rose roughly 15% in August and Bitcoin roughly 25%.

U.S.-based private equity firm Veritas Capital agreed on Tuesday to buy Britain's Bodycote in a £1.85 billion ($2.51 billion) debt-inclusive deal, outbidding CVC in a contest that also saw Apollo Global walk away earlier this year.

Oil prices remain supported by U.S.-Iran war and Hormuz supply risks as WTI tests $87 and Brent eyes $100.

Premium Brands is rated Buy with a base-case price target of $105 per share, implying ~33% upside over two years. PBH's end of a heavy Capex cycle, renewed FCF strength, and U.S. Protein segment acceleration support the investment thesis. Management reaffirmed the $1 billion FY 2027 adjusted EBITDA target, with bolt-on M&A capacity and margin-improvement potential.

Rep. Beth Van Duyne, R-Texas, discusses how President Donald Trump's Venezuela oil deal benefits Texas refineries and its impact on Canada on ‘The Evening Edit.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #theeveningedit #donaldtrump #trump #bethvanduyne #vanduyne #venezuela #texas #canada #oil #energy #oilindustry #oilrefineries #refineries #usenergy #energyproduction #economy #trade #business #politics #political #politicalnews #government

U.S. equity markets were mixed this past week, with modest gains in the major benchmarks offset by weakness across several defensive and cyclical sectors. A relatively small Florida missile manufacturer, Powerus (PUSA), made headlines this week when it announced they had secured a dedicated contract to manufacture “Guardian” counter-UAS drone interceptors.

An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters.

Online fashion retailer Shein's shares tumbled in early Hong Kong trading on Tuesday as the company made its long-awaited debut, capping a years-long effort to go public.

Fast-fashion giant Shein slid in its long-awaited trading debut, as regulatory headwinds and slowing sales challenge a company once valued at about US$66 billion.

Indian PM Narendra Modi urged Russia to end the Ukraine war and for a cessation of hostilities. India's reliance on Russian crude has risen sharply as the Iran war has caused a global energy shortage.

A tanker was struck by three unknown projectiles while transiting eastbound through the Strait of Hormuz on Monday. Iran's Islamic Revolutionary Guard reported on Monday the interception of a U.S. MQ-9 drone over the eastern Strait of Hormuz.

Shein made its Hong Kong market debut Tuesday. The fast-fashion giant plans to use 80% of its IPO proceeds on technology and global expansion.

Semiconductors, which account for more than a third of South Korea's exports by value this year, continued to drive the gains.