Entrepreneurship
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over...
Economists at CBA, NAB call for Australia February rate hike
RBA Governor Michele Bullock has ruled out further policy easing last week after keeping rates steady[SYDNEY] The Commonwealth Bank of Australia and the National Australia Bank, two of the...
McKinsey plots thousands of job cuts in slowdown for consulting industry
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade[NEW YORK] As McKinsey partners gathered in the...
Bjak founder weighs IPO as Malaysia insurtech expands abroad
[KUALA LUMPUR] Bjak, Malaysia’s largest online insurance aggregator, is mulling an initial public offering (IPO) within the next two years as it seeks to enter Europe.Bjak is eyeing new...
PayPal applies to become a bank as US loosens regulatory reins
The application comes on the heels of a number of cryptocurrency firms gaining preliminary regulatory approval to become banks last week[NEW YORK] PayPal Holdings applied to become a bank...
JetBlue flight averts mid-air collision with US Air Force jet
[WASHINGTON] A JetBlue passenger jet bound for New York took evasive action on Friday to avoid a mid-air collision with a US Air Force tanker plane near Venezuela, a...
GM strikes deal to put Apple Music in all of its new vehicles
[DETROIT] General Motors (GM) has cut a deal with Apple to bring the Apple Music app into Chevrolet and Cadillac models starting on Monday (Dec 15), when the automaker...
Prediction markets will see five-fold growth by 2030, analysts say
Sports gambling companies have recently made moves to offer event contracts so they can compete[NEW YORK] Prediction markets companies are likely to see their revenues grow by a factor...
Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move
Trading hours of stocks and exchange-traded products to be expanded from 16 hours to 23 hours, five days a week[NEW YORK] Nasdaq, one of the world’s largest exchanges that is home...
US: Wall Street opens higher as investors gear up for data-packed week
WALL Street’s main indexes opened higher on Monday (Dec 15), rebounding from a tech-driven rout last week, while investors braced for a barrage of economic data that could set...
MUFG said to near deal for stake in India’s Shriram
[TOKYO] Mitsubishi UFJ Financial Group is nearing a deal to buy a minority stake in India’s Shriram Finance, according to people familiar with the matter, the latest foreign bank...
Private equity and venture capital face tougher fundraising in 2025, with uneven exit recovery: Preqin report
[SINGAPORE] Private equity (PE) and venture capital (VC) fundraising has remained tough in 2025, a report by data platform Preqin shows.About US$64.4 billion was raised for VC investments globally...