Culture
BlackRock, JPMorgan asset back Dynasty Financial at US$800 million valuation
DYNASTY Financial Partners, a provider of back-office services to independent investment advisers, won backing from BlackRock and JPMorgan Asset Management as it looks to accelerate growth.
The minority capital raise...
US: Wall Street rises as focus turns to inflation data, earnings
Wall Street’s main indexes opened higher on Tuesday (Oct 8), regaining some ground after a selloff in the previous session, as investors turned their focus to the start of...
Hyundai aims to raise US$3.3 billion in record India IPO next week
Hyundai Motor is seeking to raise as much as US$3.3 billion through an initial public offering of its Indian unit, people familiar with the matter said, kicking off the...
US dollar eases from 7-week highs as traders weigh Fed rate path
THE US dollar eased from near seven-week highs against major currencies on Tuesday (Oct 8) after investors assessed the outlook for US rate cuts, even as the conflict in...
GIC weighs sale of US$5 billion stake in India’s Greenko, sources say
Prospective investors include infrastructure-focused funds, sovereign wealth funds and other energy companiesGIC has been considering options for its 50 per cent stake in India’s Greenko Energy, including a possible...
China hits EU brandy imports in temporary anti-dumping move
CHINA imposed temporary anti-dumping measures on brandy imports from the European Union on Tuesday (Oct 8), hitting brands from Hennessy to Remy Martin, after the 27-state bloc voted for...
China hits out at EU brandy in tit-for-tat after EV tariff vote
CHINA imposed temporary anti-dumping measures on brandy imports from the European Union on Tuesday (Oct 8), hitting brands from Hennessy to Remy Martin, after the 27-state bloc voted for...
Yuan drags Asian currencies as China’s spending plans disappoint
CHINA’S onshore yuan had its worst day in more than a year after a week-long break, fuelling a broader weakening among Asian currencies as traders rolled back bets on...
Malaysia hopes EU legislators will be more accommodating on sustainable policies
MALAYSIA said on Tuesday (Oct 8) that it hopes European lawmakers will be “more accommodative” on sustainable policies, following a European Commission proposal to delay the implementation of a...
Hot stocks: Semiconductor plays stumble amid rising short interest
Shares of Frencken, UMS and AEM fall after a report highlighted them among the top five most shorted stocks on the Singapore bourseSINGAPORE’S semiconductor stocks were trading in the...
