Real Estate
Hedge fund Arrowpoint lures CPPIB, Temasek as anchor investors
FORMER Millennium Management Asia executive Jonathan Xiong’s new hedge fund pod-shop has signed up Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings as additional...
Amazon mulls US$5 to US$10 monthly price tag for unprofitable Alexa service, AI revamp
AMAZON is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service and has considered a monthly fee...
JPMorgan wealth head sees China’s economic outlook improving
JPMORGAN Chase is seeing signs of an improving economy in China that will bolster the bank’s business in the country after a sluggish period, its CEO of asset and...
SingPost appoints financial adviser for strategic review of Australia businesses
This is part of the national postal service provider’s plans to achieve scale in the countrySINGAPORE Post (SingPost) announced on Friday (Jun 21) that it appointed Merrill Lynch Markets...
Europe: Shares rise after Swiss rate cut, Bank of England decision
EUROPEAN shares advanced on Thursday with broad-based gains as markets tracked a global upbeat sentiment, while shares of British, Swiss and Norwegian stocks were in focus after their respective...
BMW cancels 2 billion euros battery cells contract with Northvolt
German premium carmaker BMW said on Thursday (Jun 20) it had cancelled a two billion euros (S$2.9 billion) order for battery cells for its electric vehicles with Northvolt.
German media,...
Dollar rises, pound, Swiss franc drop on busy central bank day
The dollar climbed on Thursday (Jun 20), while the Swiss franc and the pound dropped as a busy day of central bank meetings kept currency traders alert.The dollar index,...