Financial Roundup: Jan 16, 2015

2018-05-01T11:47:25+08:00By |Banks, Roundup|
Roundup: Mega bank merger off; Oil prices (still) down; US stocks continue fall; 1MDB & Ananda Krishnan; Social Video trends
CIMB, RHB, MBSB merger called off
rhb-cimb-mbsb
– Unable to “arrive at a value-creating transaction for all stakeholders”
 
Oil price still down
oil
– Jan 15 biggest % rally to above $5 before dropping again
– Brent crude <LCOc1> closed at $47.67 (-$1.02)
– U.S. crude <CLc1> closed at $46.25 (-$2.23)
 
US stocks fall for 5th day
us-drop
– Weak US economic data
– Energy prices drop as oil prices down 4%
– S&P financial sector -1.3%
 
Ananda Krishnan (Astro) linked to 1MDB IPO
ananda-krishnan
1mdb
– $3 billion listing of its power assets
– >5% stake
– Major boost for cash-strapped 1MDB ($12b debt)
 
Social video trends
youtube
– 75% not viewed via YouTube!
– Fb challenged & shook up video platform
– Brands automated video buying
– Biggest challenges: Viewability & Anti-Fraud (non-human traffic)
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