Leadership
Fed considers rule tweak that could save biggest US banks billions in capital
The US Federal Reserve is considering a rule change that could save the country’s eight largest banks combined billions of dollars in capital, in a potential long-sought win for...
US: S&P 500, Nasdaq open at fresh record highs; Powell testimony awaited
Wall Street stocks were mostly higher early Tuesday (Jul 9), with both the S&P 500 and Nasdaq adding to records ahead of congressional testimony from US Federal Reserve Chair...
Dyson to axe around 1,000 jobs in Britain
VACUUM cleaner manufacturer Dyson will cut about 1,000 jobs in Britain as part of a global restructuring.
The company, founded by James Dyson, the inventor of the bagless cleaner, employs...
Global regulators tighten rules on banks outsourcing services
BOARD directors of banks must take ultimate responsibility for outsourced services and document how they manage the risk of outages and disruptions to customer services, the global Basel Committee...
Citi says it’s time to book profits in high-flying AI equities
THE rally in artificial-intelligence stocks may show little sign of flagging, but a historical review suggests it’s time to take profit in the biggest names, according to strategists at...
Ping An Insurance considering convertible bond sale this year
The insurer would need Chinese regulatory approval to proceed with a convertible bond salePing An Insurance (Group) is considering a convertible bond sale this year, according to people familiar...
China ‘cannot be ignored’: Temasek reshaping China portfolio from export to domestic-driven companies
DESPITE Temasek’s one-year portfolio returns being dragged down by China’s market performance, the world’s second-largest economy remains firmly on the state investor’s radar screen. Temasek said that it is...
Saudi Aramco seeks at least US$3 billion from first bond sale in three years
SAUDI Aramco is looking to raise at least US$3 billion from its first bond sale in three years, according to sources familiar with the plan. The world’s biggest oil...
Frasers Property obtains S$904 million sustainability-linked loan
The facility incorporate a price reduction structure which is pegged to the company’s global real estate sustainability benchmark (GRESB) performance,FRASERS Property’s wholly owned subsidiary, Frasers Property Treasury, has secured...
