Posts by Riah Marton
Blackstone spies US$30 trillion opportunity in private credit
BLACKSTONE expects the private credit market to balloon to US$30 trillion in size, fuelled by lending for infrastructure projects and greater participation from pension funds. “The opportunity set to finance the real economy, whether that’s credit cards, whether that’s equipment, whether that’s data centres, aircraft – that is roughly a US$30 trillion opportunity,” said Rob…
Read MoreWhat Is My Hair Texture? Here’s How You Can Find Out, According to an Expert – E! Online
The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a commission on purchases. Finding products that work for your hair can feel like a never ending process of trail and error. Everybody’s hair is unique, of course, which can make the search for the perfect hair product difficult. By determining…
Read MoreSingapore shares open lower on Friday; STI down 0.2%
SINGAPORE stocks declined at the opening bell on Friday (Oct 4), after geopolitical tensions in the Middle East left Wall Street and European markets in a sea of red. As at 9.02 am, the Straits Times Index (STI) fell 5.41 points or 0.2 per cent to 3,572.02. Across the broader market, gainers outnumbered losers 60…
Read MoreChina’s stock boom may turn to bust as in 2015, Nomura warns
INVESTORS should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings. In the most gloomy scenario, “a stock market mania would be followed by a crash, similar to what happened in 2015”, economists led…
Read MoreUS retailers look to back-up shipping plans to prep for holidays as strike continues
MAJOR retailers from Levi Strauss to Costco are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday season as the US East Coast and Gulf Coast ports strike drags on. Long lines of container ships queued up outside major US ports on Thursday (Oct 3) as the biggest dockworker strike…
Read MoreJudge blocks California law that targeted deepfake campaign ads
With deepfake video and audio making their way into political campaigns, California enacted its toughest restrictions yet in September: a law prohibiting political ads within 120 days of an election that include deceptive, digitally generated or altered content unless the ads are labeled as “manipulated.” On Wednesday, a federal judge temporarily blocked the law, saying…
Read MoreOil jumps over US$3 a barrel as Middle East conflict stokes supply worry
OIL prices surged on Thursday (Oct 3) as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows. Brent crude futures settled up US$3.72, or 5.03 per cent, at US$77.62 a barrel. US West Texas Intermediate (WTI) crude futures settled up US$3.61, or 5.15 per cent, to US$73.71. Brent…
Read MoreShein to hold roadshows soon ahead of London IPO: sources
SHEIN is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter said, pushing ahead with preparations as it awaits UK regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said,…
Read MoreAirlines avoid Iranian airspace, hiking up flight times and fuel costs
AIRLINES are largely avoiding Iranian airspace in their flights over the Middle East, according to flight tracker FlightRadar24, lengthening flight times and hiking up fuel costs as worries over a retaliatory attack from Israel targeting Iran grow. Turmoil in the Middle East in the last year has led to confusion and upheaval for aviation, prompting…
Read MoreStarbucks buys research farms as climate change threatens coffee supply
STARBUCKS is buying two new research farms that will test everything from drones to microbes as it seeks to make coffee more resilient to climate change, which has already constricted availability and driven up prices. A farm in Costa Rica will look at solutions including how technology can help growers. In Guatemala – a…
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