Number of millionaires in city-state up in 2023
The number of millionaires in Singapore rose to 333,204 in 2023. This was about 0.4% more than the figure of…
SME broad turnaround paves way for GDP growth
A rebound in the fortunes of small and medium enterprises (SMEs) helped the economy to grow by the fastest pace…
Lender dangles megabank salaries for hires
Yamaguchi Financial Group Inc, a regional lender headquartered on the western tip of Japan’s biggest island, is considering paying new…
China cracks down on short sales, quants
China took some of its most extreme steps yet to restrict short selling and quantitative trading strategies, seeking to support…
Alphabet shelves efforts to buy HubSpot
Google parent Alphabet Inc has shelved efforts to acquire HubSpot Inc, according to people with knowledge of the matter, putting…
US retailers want to move back-to-school shopping to July
While American children may wish summer vacation would never end, retailers want back-to-school season to start earlier than ever –…
Saudi Aramco sells US$6bil of bonds amid fierce demand
Saudi Aramco pulled in more than US$31bil of orders for its US$6bil bond sale, its first dollar-debt offering in three…
Microsoft ditches OpenAI observer seat
Microsoft has given up its board observer seat at OpenAI in a move aimed at easing US and UK antitrust…
Power-guzzling AI to drive ESG debt sales
The global artificial intelligence (AI) frenzy is driving demand for energy-intensive data centres, which could end up being a factor…