Lifestyle
UBS shuts some China private funds, will lay off staff: sources
HONG KONG, April 18 (Reuters) - UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank...
War insurance may attract more funds despite heightened risk, says underwriter
THE appetite for insurance that provides cover against damage resulting from acts of war or terrorism could grow bigger amid rising geopolitical tensions because people see money to be...
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
THE Straits Times Index (STI) ended Thursday (Apr 18) at 3,187.66 points, up 1.1 per cent or 32.97 points, in a convincing recovery from war jitters and interest rate...
Japan banks’ capital sufficient to withstand stresses, BOJ says
JAPANESE banks have improved their resilience to rising interest rates by rebalancing their domestic bond portfolios, the Bank of Japan said in its semi-annual report on financial systems on...
Concord to buy Hipgnosis in US$1.4 billion deal
CONCORD, a music rights investor, has agreed to buy Hipgnosis Songs Fund in a deal that values the song catalogue company at about US$1.4 billion. The bidders have offered Hipgnosis...
TSMC posts first profit growth in a year after global AI boom
TAIWAN Semiconductor Manufacturing Company (TSMC) posted its first profit rise in a year, after strong artificial intelligence (AI) demand revived growth at the world’s biggest contract chipmaker.The main chipmaker...
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
CHINESE technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday (Apr 18) that many analysts expect to contain an advanced...
Bank of Japan’s Noguchi says future rate hikes likely to be slow
BANK of Japan board member Asahi Noguchi said on Thursday that the pace of future rate hikes by the central bank will likely be far slower than the aggressive...
