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US Fed’s Williams says monetary policy well positioned amid a favourable outlook
He said that it’s critical for the Fed to get inflation back to its 2 per cent target [NEW YORK] Federal Reserve Bank of New York President John Williams...
Stocks to watch: Thomson Medical, Vin’s Holdings, Alpha Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 13): Thomson Medical : The mainboard-listed group on Monday announced that it...
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
[BENGALURU] Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12), as the Google parent’s sharpened artificial intelligence (AI) focus allayed doubts about its strategy and thrust...
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve returns at the...
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s Temasek Holdings and Apollo Global Management, as the building products...
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer[LONDON] Goldman Sachs, Group JPMorgan Chase and UBS Group are leading a debt financing deal backing a...
StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures[SINGAPORE] Standard Chartered plans to set up a prime brokerage for cryptocurrency trading, sources said,...
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs[BEIJING] Volkswagen was overtaken by Geely Auto in sales in China...
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
[KUALA LUMPUR] Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on Monday (Jan 12) it has filed a motion at the country’s top court seeking clarity on the...
Singapore Exchange proposes bond futures for India, South-east Asia
THE Singapore Exchange (SGX) held multiple calls with treasury officials from global banks about introducing futures tied to some Asian government bond markets, according to people familiar with the...
