Lifestyle
GXS Bank receives S$229.5 million capital injection from backers
GXS Bank has received a S$229.5 million capital injection from backers Singtel and Grab, according to regulatory filings with the Accounting and Corporate Regulatory Authority of Singapore.Grab took up...
BlackRock muscles into private assets market for wealth clients
BLACKROCK is expanding further into private-markets investing, striking a new partnership to include the assets alongside traditional exchange-traded funds and mutual funds in model portfolios pitched to wealthy US...
London Metal Exchange looks to set up warehouse in Hong Kong
THE London Metal Exchange (LME) is exploring setting up its first warehouse in Hong Kong for metals delivery as it seeks to strengthen services across Asia. “We recently commissioned...
LMIRT upsizes loan facility to 4.5 trillion rupiah
LIPPO Malls Indonesia Retail Trust (LMIRT) upsized its term loan facility to 4.5 trillion rupiah (S$371.8 million) from 2.5 trillion rupiah previously. The original loan – obtained in May...
All major US banks pass Federal Reserve’s 2024 ‘stress test’
ALL 31 big US banks have passed the Federal Reserve’s annual “stress test” designed to assess how well they would fare in a major financial crisis, the US central...
Only 1 in 10 Singapore listcos shows how boards make major stakeholder decisions: study
The survey of 80 Singapore-listed firms also finds that large-cap companies outperform smaller enterprises in investor relationsALTHOUGH the vast majority of Singapore-listed companies recognise that businesses should allocate more...
Cosmetic Ozempic use under fire in Europe amid drug shortages
The EU regulator warned patients not to buy weight-loss drugs online without a prescription due to the risk of fake, dangerous productsTHE European Union’s drug regulator urged countries to...
Airbus tells airlines some of their deliveries in 2025 and 2026 may be delayed
Airbus has been warning airlines that some of their aircraft deliveries due in the next two years risk being delayed, an indication that supply-chain glitches at the world’s largest...
