Posts by Yurie Miyazawa
Goldman is opening up private equity deals to rich individuals
[NEW YORK] Goldman Sachs Group is expanding its private equity offering to wealthy individuals across Wall Street and beyond, in the latest sign of investment firms gradually broadening access to the much sought-after private markets. The New York-based investment bank is launching an open-ended private equity fund named G-PE, which will offer access to deals…
Read MoreSingapore shares slide ahead of Trump’s tariffs; STI down 0.4%
[SINGAPORE] Singapore shares fell on Wednesday (Apr 2), ahead of the United States unveiling tariffs against its trade partners. The blue-chip gauge, the Straits Times Index, was 0.4 per cent or 14.64 points lower at 3,954.21, with just eight of the 30 constituents trading higher at the closing bell. Stocks in the Asia-Pacific region were…
Read MoreTrump tariffs push gold even higher; fear yet fully materialised, say market watchers
[SINGAPORE] Although markets were already expecting US President Donald Trump’s reciprocal tariffs, investors were still shocked by the sheer size and the methodology used to justify it, rushing to safe heaven asset gold amid stock markets’ tumbles. In the morning session of Asian markets on Thursday (Apr 3), spot gold prices registered a new high…
Read MoreTrump tariffs push gold even higher; fears yet fully materialised, say market watchers
[SINGAPORE] Despite earlier expectations of US President Donald Trump’s reciprocal tariffs, investors were caught off guard by the scale and rationale of his latest move, sparking a rush to gold as equities sank. In Asian trading on Thursday (Apr 3), spot gold surged to a fresh high of US$3,167.71 per ounce, while June gold futures…
Read MorePBOC seen deploying stimulus soon on tariff risks, cash shortage
[NEW YORK] Global lenders such as JPMorgan Chase expect China to deliver its long-awaited monetary stimulus as early as in April, with timing likely dictated by the double threat of US tariff hikes and a seasonal cash shortage. Economists are almost unanimously that the People’s Bank of China (PBOC) will cut the reserve requirement ratio…
Read MoreIllinois Business Start: LLC Made Easy
Starting a business in Illinois can feel overwhelming, but forming an Illinois LLC is a straightforward process. This guide will walk you through the benefits of an LLC, the essential steps to establish your business, and tips to keep everything running smoothly. Whether you’re a seasoned entrepreneur or just starting out, this information will help…
Read MoreAsia: Markets edge up but uncertainty rules ahead of Trump tariffs
[HONG KONG] Asian markets edged up on Wednesday as nervous investors brace for Donald Trump’s wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors. Equities have been battered leading up to the US president’s announcement – which he has dubbed “Liberation Day” –…
Read MoreRHB Singapore appoints new CEO Goh Ken-Yi
[SINGAPORE] Goh Ken-Yi, 53, has been named the new chief executive officer of RHB Singapore, effective Tuesday (Apr 1). He succeeds Danny Quah, 55, who led the company as CEO and country head from 2019, RHB Singapore announced in a press statement on Tuesday. Goh, who was previously the deputy CEO of RHB Singapore, has…
Read MoreGrab enters Singapore taxi market with 10-year operator licence
[SINGAPORE] The Land Transport Authority (LTA) issued a street-hail service operator licence to Singaporean ride-hail and delivery company Grab. In a statement on Wednesday (Apr 2), LTA said the licence is valid for 10 years from Apr 9, and was awarded to GrabCab, a subsidiary of Grab Rentals and sister company of GrabCar. GrabCar is…
Read MorePanin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
[SINGAPORE] A potential acquisition of Indonesia’s Panin Bank could benefit from DBS’ strong track record of turning around unprofitable targets, and is a good place for South-east Asia’s biggest bank to park its surplus capital. Citi research analyst Tan Yong Hong cited DBS’ 2020 acquisition of India’s Lakshmi Vilas Bank as an example. The bank…
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