News
Major US banks gear up for bond sales as Trump turns up pressure
The biggest US banks usually borrow in the investment-grade bond market soon after posting earnings[NEW YORK] Wall Street is about to embark on its regular borrowing binge, as it...
Strong January lifts odds of another record year for STI, further upside ahead: OCBC
[SINGAPORE] The year may have kicked off on a shaky note for global markets with geopolitical volatility following American action in Venezuela.However, the Singapore market appears to have bucked...
US urges partners and allies to increase critical minerals supply chain resiliency
[WASHINGTON] US Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different US partners and allies “to discuss solutions to secure and diversify supply chains for...
Fitch Ratings says Fed independence is key factor for US sovereign rating
[NEW YORK] Fitch Ratings said on Monday it views the Federal Reserve’s independence as a key supporting factor for its AA+ US sovereign rating.The credit rating agency will continue...
Meta plans to cut 10% of jobs at company’s Reality Labs division
[SAN FRANCISCO] Meta Platforms plans to cut 10 per cent of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away from some...
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[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...
Wall Street falls at open on worries over Fed autonomy
[NEW YORK] Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal Reserve, stoking fresh worries about the central...
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice-chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts[SAN FRANCISCO] Meta Platforms has appointed a former top adviser to US President Donald Trump to...
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs[BEIJING] Volkswagen was overtaken by Geely Auto in sales in China...
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting[NEW YORK] JPMorgan predicts that the US Federal Reserve’s...
Singapore Exchange proposes bond futures for India, South-east Asia
THE Singapore Exchange (SGX) held multiple calls with treasury officials from global banks about introducing futures tied to some Asian government bond markets, according to people familiar with the...
Grab gets approval to test its autonomous vehicle services with the public in Singapore
The community testing phase involves grassroots advisers and residents of Punggol[SINGAPORE] Ride-hailing giant Grab, in partnership with WeRide, has started accepting selected members of the public to test its...