Fashion
Trump team nears Taiwan trade deal with more US chip investment
[ad_1] Any agreement with Taipei risks provoking China, which claims the island as part of its territory[WASHINGTON] The Trump administration is close to a trade deal with Taiwan that would...
Japan finance minister says US Treasury’s Bessent shares concerns about weak yen
[ad_1] JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s recent “one-sided depreciation”, as Tokyo stepped up threats...
Boustead Singapore amends agreement with Unified Industrial to retain control of Vietnam business
[ad_1] This allows the company to better manage its real estate and fund management business in the country [SINGAPORE] Boustead Singapore on Monday (Jan 12) announced amendments to a master...
Threat to US Fed independence, geopolitical tensions cloud Wall Street outlook
[ad_1] Investors rush into Asia markets, precious metals as the ‘sell US’ trade takes hold[SINGAPORE] Investors could continue to rush out of US markets and seek safety in precious metals,...
BlackRock cuts hundreds of jobs, trimming about 1% of staff
[ad_1] [NEW YORK] BlackRock is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks.The cuts total about 1 per...
Major US banks gear up for bond sales as Trump turns up pressure
[ad_1] [NEW YORK] Wall Street is about to embark on its regular borrowing binge, as it gears up to sell debt soon after posting results. This year there’s a wildcard:...
US Fed’s Williams says monetary policy well positioned amid a favourable outlook
[ad_1] He said that it’s critical for the Fed to get inflation back to its 2 per cent target [NEW YORK] Federal Reserve Bank of New York President John Williams...
Meta unveils ‘Meta Compute’ initiative to build AI infrastructure
[ad_1] Big Tech companies are looking to secure long-term electricity supplies as AI and data centres increase US power demand[BENGALURU] Meta has announced its “Meta Compute” initiative to build artificial...
Citi to cut about 1,000 jobs this week
[ad_1] CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve returns at the...
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[ad_1] [GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s Temasek Holdings and Apollo Global Management, as the building products...
