Lifestyle
HSBC will reshape investment banking to look more like rivals
HSBC Holdings is revamping parts of its investment bank in a move that will make it look more like rivals such as Citigroup.Executives in HSBC’s global banking business are...
Sats restructures gateway services business to form two new units
GATEWAY services and in-flight catering solutions provider Sats has restructured its gateway services business to form two new business units, Singapore Hub and Gateway Services Asia-Pacific. On Wednesday (Jul...
Barclays plans major hiring spree to serve ultra-rich and family offices in Singapore and India
BARCLAYS plans a major hiring spree in Asia to expand client assets over the next few years, focusing on the ultra-rich and family offices in India and Singapore, according...
Two Hong Kong IPO debutants sink 15% as mood remains negative
TWO Chinese companies sunk by 15 per cent in their Hong Kong initial public offerings (IPO) debuts on Wednesday, while a small Chinese petroleum refiner soared nearly 30 per...
New Zealand central bank maintains cash rate, signals potential for future easing
NEW Zealand’s central bank held the cash rate steady at 5.5 per cent on Wednesday, but opened the door to monetary policy becoming less restrictive over time should inflation...
Music catalog fund Hipgnosis sold to Blackstone
SHAREHOLDERS of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a US$1.6 billion takeover from...
Global oil market will be in supply deficit next year: EIA
GLOBAL oil demand will outpace supply next year, the US Energy Information Administration said on Tuesday, reversing a prior forecast for a surplus.The change came after Opec and its allies, collectively...
Europe: French stocks drag shares lower on political concerns
EUROPEAN shares dropped for a third straight session on Tuesday, dragged down by weakness in French stocks as political uncertainties lingered, while investors analysed Federal Reserve Chair Jerome Powell’s testimony.The...
