Culture
DBS moving to raise China securities joint venture stake to 91%, group CEO says
DBS Group chief executive Piyush Gupta said on Wednesday (Sep 25) it is in the process of increasing ownership in its China securities joint venture to 91 per cent,...
Sea freight rates could ride crest of looming US port strike to reverse slide
A strike in the US East and Gulf-Coast ports could hit more than half of US imports and 15 per cent of the global container fleet capacity, HSBC saysOCEAN...
Sea freight rates falling, but may be lifted by US port strike
A strike in the US East and Gulf-Coast ports could hit more than half of US imports and 15 per cent of the global container fleet capacity, HSBC saysSLIDING...
Sweden’s Riksbank cuts rate again and opens door to half-point move
SWEDEN’S Riksbank cut borrowing costs by a quarter point and raised the possibility of a bigger move in coming months in its bid to spur a listless economy.
The central...
Hedge funds now employ more than 1,000 people in Dubai
An influx of some of the world’s biggest hedge funds, from Millennium Management to Balyasny Asset Management, has pushed the industry’s headcount in Dubai to over 1,000, burnishing the...
Paramount cuts more jobs as part of planned reductions
PARAMOUNT Global cut more jobs on Tuesday (Sep 24) as part of a previously announced plan to reduce its US workforce by 15 per cent, or about 2,000 positions....
China unveils new measures to boost M&A, restructuring
CHINA’S securities regulator rolled out new guidelines to promote mergers and restructuring among listed companies as part of Beijing’s latest stimulus package to bolster the sagging economy.
The China...
Singdollar trades at a fresh 10-year high of S$1.28 against the greenback
The currency has been gaining strength in recent months, but especially so after Fed rate cutTHE recent weakness in the US dollar has spurred strength in the Singdollar, a...
MAS sets up cyber and technology resilience experts panel
It will advise the central bank on key emerging technology risks and threats facing the financial sectorTHE Monetary Authority of Singapore (MAS) has set up a Cyber and Technology...
Meituan raises US$2.5 billion in dollar bonds in China’s first tech debt deal of 2024
MEITUAN, China’s biggest delivery platform, has raised US$2.5 billion in a two-tranche US dollar bond deal, according to its regulatory filings on Wednesday (Sep 25), in the country’s first...
