Fashion
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer[LONDON] Goldman Sachs, Group JPMorgan Chase and UBS Group are leading a debt financing deal backing a...
How Trump’s proposed cap on credit card rates could reshape consumer lending
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit boxes[NEW YORK] A proposed one-year cap on credit...
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...
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...
Singapore stocks rise as US Fed probe revives ‘Sell America’ trade; STI up 0.5%
[SINGAPORE] Singapore shares climbed on Monday (Jan 12), as Asian markets gained on a rise in “Sell America” sentiment after the Trump administration escalated its attacks on the US...
Beijing looms large over Singapore-based Manus’ deal with Meta
The swift scrutiny shows fears Manus’ sale could spur more tech stars to follow the same path[SHENZHEN] It took just 10 days for Meta’s acquisition of Manus to run...
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model[ZURICH] UBS on Monday (Jan 12) rejected government proposals to strengthen regulations...
Xpeng hires banks for flying car unit IPO in Hong Kong: sources
Xpeng Aeroht’s first mass-produced flying vehicle is scheduled for customer delivery in late 2026[HONG KONG] Xpeng has hired banks to work on an initial public offering of its flying...
Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow
He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the assets under its management[SINGAPORE] The returns generated by...
Trump says he’s inclined to exclude ExxonMobil from Venezuela
Chevron is the only Western oil major to have continued operating in the country while Maduro was in charge [NEW YORK] US President Donald Trump signalled he’s leaning towards...
