AIA Singapore on the trail of the rich with new wealth team and centre
AIA Singapore is spreading its wings with a more than S$20mil investment, so it can swoop in on a burgeoning…
Samsung first-quarter operating profit soars
Samsung Electronics Co says its operating profit shot up more than 10-fold in the first quarter, with its chip business…
New Zealand business confidence drops to seven-month low
New Zealand business confidence dropped to a seven-month low in April as high interest rates and a sluggish economy curbed…
US lifts borrowing above forecasts to US$243bil
The US Treasury ramped up its estimate for federal borrowing for the current quarter to US$243bil, more than most dealers…
Marcos hikes 2024 borrowing plan by 4.47%
The Marcos administration is hiking its borrowing plan for this year to 2.57 trillion pesos, as it also expects to…
Australian March retail sales in unexpected decline
Australian retail sales fell unexpectedly in March as cautious consumers pulled back spending amid elevated costs of living, while the…
Economists see the need for more stimulus in China’s economy
Chinese industrial firms’ smaller first-quarter profits have raised concerns over their uneven recovery and heightened the need for additional stimulus…
Multi-strategy hedge fund launches tumble
New multi-strategy hedge fund launches accounted for less than one in 10 of new funds in the first quarter, down…
Some respite for Boeing in US$10bil bond offering
Boeing Co raised US$10bil from a bond sale that attracted about US$77bil of orders and allowed the planemaker to ease…