Leadership
South Korea to safeguard competition after Korean Air, Asiana merger
SOUTH Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a 1.8 trillion won (S$1.7 billion) acquisition of Asiana Airlines on Thursday (Dec...
Nordic Group bags S$22.9 million worth of contracts
The bulk of it comes from contracts secured by its system integration division and its cleanroom, air and water engineering solutions divisionPRECISION engineering and systems integration solutions provider Nordic Group...
ESR inks largest syndicated sustainability-linked loan for US$2.5 billion
HONG Kong-listed real asset manager ESR Group has secured a five-year syndicated sustainability-linked term loan and revolving credit facilities (SLL) amounting to US$2.5 billion. The move brings such loans...
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.The digital asset rose nearly 5 per cent on Wednesday...
Gold rises for fifth day as US data lifts Fed rate-cut bets
GOLD nudged higher for a fifth straight session on Thursday (Dec 12) to hover near a more than two-week peak, supported by increased expectations of an interest rate cut...
Singapore stocks rise amid Fed rate-cut hopes; STI up 0.4%
SINGAPORE shares reversed earlier losses to close in the green on Thursday (Dec 12), with Asia-Pacific markets mostly in positive territory as mild inflation data from the United States...
Blackstone keen to boost Nippon Life ties after Resolution deal
BLACKSTONE signalled that it’s eager to strengthen its relationship with Nippon Life Insurance following the Japanese firm’s US$8.2 billion purchase of Resolution Life Group Holdings. Nippon announced on Wednesday...
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countriesTHE International Finance Corporation (IFC), the World Bank’s private finance...
