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Banking

More SE Asia firms consider U.S. IPOs, filling void left by China peers

At least four Southeast Asia firms considering U.S. IPOsU.S. IPOs by Chinese firms slumped - LSEG dataSINGAPORE/SYDNEY, Sept 19 (Reuters) - Several Southeast Asian companies are considering listing in the United States, banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings.Senior executives in leading SME digital financing platform Funding Societies, Singapore-based entertainment firm Gushcloud International and Thai insurance technology firm Sunday told Reuters they were looking into New York as one of their initial public offering (IPO) venues.This comes on top of recently...
Finance

EU says financial firms unwilling to support new deforestation law

FILE PHOTO-European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters) - The European Commission said on Wednesday that financial institutions are not backing the EU's new deforestation law, which has faced a backlash from producing countries concerned it will create unfair trade barriers.The landmark law requires importers of commodities like coffee, cocoa, beef, soy, rubber and palm oil to produce a due diligence statement proving their goods are not contributing to the destruction of forests,...
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