Business
Singapore's Lighthouse Canton to invest over US$1.5b in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
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credit
Business
Singapore's Lighthouse Canton to invest over US$1.5 billion in India; eyes private credit, real estate
Singapore-based asset manager Lighthouse Canton plans to invest over US$1.5 billion in India in the next few years, with a focus on…
Business
UBS reshuffles leadership as Credit Suisse integration nears end
Lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent a similar crisis UBS…
Business
Blackstone profits soar but lower rates bring scrutiny to credit
The US$1.2 trillion firm is a giant non-bank lender in its own right, with credit dominating flows in the third quarter Blackstone sent…
Business
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…
Business
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore International law firm Withers is commencing…
News
Dollar wavers with politics, credit risks and trade tensions in the spotlight
THE dollar edged up against the yen but was flat versus the euro on Monday (Oct 20) as investors shifted their focus to political…
Business
Gold holds drop as traders focus on US-China trade, credit woes
Gold steadied following a sharp drop for precious metals on Friday (Oct 17), with traders weighing the latest developments in trade…
Business
Banking shares’ wobbles reveal growing unease over credit risks
The markets have weathered a string of credit scares and surprise write-downs over the past two years A clutch of bad loans at banks in…
Business
Global bank stocks wobble amid U.S. credit concerns
Fear over credit quality in U.S. regional banks rippled through markets on Friday, dragging global financial stocks lower and reviving…
Business
Asia: Stocks fall with Wall Street as US credit fears add to worries
ASIAN stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a…
Business
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape On Wall Street, everyone’s a…
News
Biden, Blinken take credit for Gaza peace plan, hostage release
Former President Joseph R. Biden and his former secretary of state, Antony Blinken, took credit for the ceasefire in Gaza and the release…
News
GM takes a $1.6 billion hit as EV tax credit ends and it rethinks its strategy
General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy…
Fashion
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
Vingroup seeks US$500 million private credit for EV charging ports
China dominates the global public charging market with over 850,000 installations last year, more than double the installations in the…
News
Private credit risks to be assessed by US government watchdog
THE US Government Accountability Office (GAO) is assessing the risks posed by private credit, in a sign that Washington is further…
News
Trump Bizarrely Tries to Take Credit After Judge Blocks Funding Cuts
“Now, are they taking great pleasure in that? No. Is trolling the Democrats? Yes. I mean, yes! Because that’s what President Trump does,…
Business
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin More capital has been flowing into private…
Business
Vietnam central bank vows to push growth, limiting credit risks
The trade levies are putting upward pressure on inflation and adding pressure on the currency The State Bank of Vietnam plans to keep…
Business
Tesla sales surge to record on rush to snag US tax credit
The deliveries tally offers a preview of the earnings results the company will report Oct 22 Tesla reported a surprise increase in…
Business
San Sebastian Creative Investors’ Conference: 7 Takeaways, From U.S. Tax Credit Hell to Europe’s Challenge of Scale and Ways Forward for Latin America
The third edition of San Sebastian’s Creative Investors’ Conference, co-organized with CAA Media Finance, wrapped Wednesday on a spirited…
News
Why Gen Z’s credit scores are dropping—and what to do if yours is too
Gen Z has seen its credit scores drop more than any other generation over the past year, largely because of student loan debt, according…
Business
U.S. credit scores suffer largest 2-year drop since Great Recession
After more than a decade of steady improvement, the average American’s credit score fell for the second year in a row. Falling credit…