Business
SMFG said to eye US$1.1 billion additional investment in Yes Bank: sources
The fresh investment would bring the total amount to US$2.7 billion, giving SMFG a roughly 25% stake in Yes Bank Sumitomo Mitsui Financial…
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Investment
Business
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.…
Business
Gold, pesos and lasers: What’s on Fidelity’s investment radar
A weakening US dollar and volatile equity markets were among the hotly discussed themes at Fidelity International’s Asia-Pacific Media…
Business
World’s biggest climate fund ramps up investment plans
The world’s biggest multilateral climate fund said it will make its largest ever series of investments and speed up dealmaking as it looks…
Business
Barclays names several leadership changes in its Asia Pacific investment banking unit
Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes…
Business
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assets Paribas said…
Business
China raises quota for foreign investment, ending 13-month pause
The QDII programme allows local institutional investors who meet certain conditions to buy foreign securities, bonds, and commodities…
Business
Max-Hervé George: From French Prodigy to Architect of a €10 Billion Investment Platform
At 36 years old, Metz-born Max-Hervé George already straddles two worlds many financiers never bridge: the gilded circles of luxury…
Business
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…
Business
Texas Instruments Announces $60B Investment to Strengthen US Tech Backbone with Analog Chip Expansion
American semiconductor giant Texas Instruments (TI) is taking one of the industry's most substantial technology leaps in recent years. The…
Business
Meta finalises investment in Scale AI, valuing startup at US$29 billion
META Platforms has finalised an investment in Scale AI that values the startup at over US$29 billion, Scale AI said on Thursday. Two…
Business
Stocks to watch: CapitaLand Investment, TalkMed, Aspen
The following companies saw new developments that may affect trading of their securities on Thursday (Jun 12). CapitaLand Investment…
Business
Blackstone plans US$500 billion Europe investment: CEO
BLACKSTONE is planning to invest as much as US$500 billion in Europe over the next 10 years, underlining the continent’s growing appeal to…
Business
Barclays cuts more than 200 investment bank jobs to reduce costs
Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS…
Business
CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen
CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional…
Business
Stocks to watch: OCBC, CapitaLand Investment, Sasseur Reit, Thakral
The following companies saw new developments that may affect trading of their securities on Monday (Jun 9). OCBC: The bank has made a…
Business
Meta in talks for scale AI investment that could top US$10 billion
Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people…
Business
Venture capital investment is rising in Los Angeles — and not just for AI startups
Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Chatsworth…
Business
German Cabinet backs tax relief measures to boost business investment
Members of the German cabinet arrive at the Chancellery at the start of the Federal Cabinet meeting. Michael Kappeler/dpa The German…
Business
Stocks to watch: CapitaLand Investment, Nio, Japfa, Stoneweg E-Reit, Grand Venture, Frencken
The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 4). CapitaLand Investment…
Business
Huda Kattan Takes Full Ownership of Huda Beauty
Just a year after re-assuming her role as chief executive officer, Huda Beauty founder Huda Kattan is tacking on “owner” to her title,…
Business
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment…
Business
True Beauty Ventures Invests in Jupiter
True Beauty Ventures has added another business to its portfolio. The fund has taken a minority stake in Jupiter, the scalp care brand…
Business
US risks losing ‘reliable investment’ status, Allianz Global Investors manager says
Inside one of Europe’s biggest asset managers, there’s growing concern that Republican efforts to gut legislation supporting key…