Culture
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…
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Culture
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Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer Goldman Sachs, Group JPMorgan Chase and UBS Group are…
Culture
Wall Street falls at open on worries over Fed autonomy
Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal Reserve,…
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How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes A proposed…
Culture
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts Meta Platforms has appointed a former top…
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StanChart is preparing crypto expansion with prime brokerage
It will house the new business within its wholly owned venture capital unit, SC Ventures Standard Chartered plans to set up a prime…
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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 Volkswagen was overtaken by…
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Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on Monday (Jan 12) it has filed a motion at the country’s top…
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JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting…
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Not another dotcom bubble: DBS CIO doubles down on AI, healthcare
Hou Wey Fook is confident that AI-related optimism is based on sound fundamentals The so-called “artificial intelligence (AI) bubble”,…
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British Land CEO Carter set to leave to lead GIC-backed P3 Logistics
British Land CEO Simon Carter plans to step down this year to join European logistics developer P3 Logistics Parks, the real estate group…
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Thomson Medical appoints Tong Kooi Ong as board chairman
The Malaysian businessman succeeds Ng Ser Miang, who steps down on Jan 31 after a decade Mainboard-listed Thomson Medical Group has…
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UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12)…
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South Korea makes checks on increasing US dollar deposits as won falls
South Korean authorities summoned seven local banks last week to question them about increasing US dollar deposits, officials and bank…
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Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald Trump…
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OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms OpenAI and SoftBank Group will invest US$500…
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Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips Apple…
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ExxonMobil calls Venezuela ‘uninvestable’ as Trump pushes oil plan
Low prices are viewed warily within the oil industry, which the US president is counting on to keep pumping crude Major US oil executives…
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China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
China’s state stockpiler Sinograin purchased at least 10 cargoes of US soybeans on Friday (Jan 9), or at least 600,000 tonnes, for…
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Trafigura readies first Venezuelan oil ship as part of mega sale
Traders have been notifying US refiners to gauge interest for the oil, with sales expected to kick off on Monday Commodities trader…
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Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus
The Organization of the Petroleum Exporting Countries pumped 28.4 million barrels per day last month Oil prices rose 2 per cent on Friday…
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Europe stocks close at record as Glencore jumps on Rio Tinto interest
Technology stocks led the advance in the Stoxx 600 on the day and logged their best week in nearly two years European shares ended on…
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Wall Street opens higher after jobs data; tariff ruling awaited
Wall Street’s main indexes opened slightly higher on Friday (Jan 9), as investors digested weaker-than-expected jobs data, while awaiting…
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Meta signs multi-gigawatt nuclear deals for AI data centres
The agreements could end up totalling more than six gigawatts, enough to power a city of about five million homes Meta Platforms agreed to…