Chinese online fashion retailer Shein is set to raise around US$2bil (RM9bil) in a new funding round this month and is aiming for a US listing in the second half of this year, three people with ...
Economists lift Singapore growth forecast slightly to 1.9%
Private sector economists have raised slightly their forecast for Singapore’s economic growth in 2023, with the pace seen accelerating to 2.5% in 2024, according to a Monetary Authority of Singapore ...
Singapore’s Central Bank Quietly Boosts Its Gold Reserves By 30%
Without announcement, Singapore’s Central Bank added a massive 44.6 tonnes of gold to its official reserves in a single month ...
Singapore stocks drop 0.4% as rate rise concerns rattle investors
Jangling nerves over yet more interest rate rises and trepidation about impending US job numbers kept regional investors a little twitchy on Thursday. The edgy mood sent some regional markets down ...
China’s Shein set to raise $2 billion in new funding round, aims for U.S. IPO later this year, sources say
Shein cut its valuation to $64 billion in this fundraising, down by a third from a funding round a year ago, according to six sources with knowledge of the matter.
UPDATE 2-China’s SHEIN set to raise $2 bln, eyes US IPO later this year -sources
The United Arab Emirates' sovereign wealth fund Mubadala is a major investor in this round as are existing investors, private equity firm General Atlantic (GA) and venture capital group Sequoia ...
SHEIN IPO: List of investors, latest funding round and expectation for US listing
The company last month held initial talks with several investment banks to pick lead bookrunners for the US IPO.
DBS Group CEO’s earnings climb to S$15.4m as bank posts record profits
DBS Group, the largest bank in Southeast Asia, saw its CEO, Piyush Gupta, receive a 13.2% increase in annual earnings, with his compensation package totalling S$15.4 million last year after the bank r ...
Axis Bank shares may hit Rs 1,200 in the next 12 months, says Morgan Stanley
Axis Bank has recently informed the stock exchanges that the deal to acquire Citibank India’s consumer business and NBFC business of Citicorp is expected to be completed by March 1.
UOB prices A$1.5 billion dual tranche Senior Unsecured Bond
UOB has priced a AUD1.5 billion dual tranche 3-year Senior Unsecured Bond ("Bond") comprising AUD 750 million Floating rate ("FRN") tranche at 3m BBWS + 73 bps and AUD 750 million Fixed Rate ("FXD") ...
Singapore stocks drop 0.4% in tandem with most regional markets
Jangling nerves over yet more interest rate rises and trepidation about impending United States jobs numbers kept regional investors a little twitchy on Thursday. Read more at straitstimes.com.
Favila named new Citi PH CEO
American banking giant Citi has picked Paul Favila, a 29-year veteran of the foreign bank as new Citi Philippines CEO and country Officer, subject to regulatory confirmation. Favila is taking ...
Trafigura: the 10-day unravelling of an alleged $500mn fraud
Court documents show how the situation came to a head during a tense 10-day period in November as the relationship between the two sides soured, as well as how Trafigura faced mou ...
Citi names Favila as PHL CEO
CITIGROUP Inc. announced last March 1 it has appointed Paul Raymond Favila, a 29-year veteran of the foreign bank as new Citi Philippines CEO and Country Officer subject to regulatory confirmation.
Axis Bank takes over Citibank’s operations in India. How are Citibank customers affected?
The private lender has acquired Citigroup's India consumer business from Citibank NA ... initiated through PayNow by the Liquid Group in Singapore (Abhijit Bhatlekar/ Mint)(MINT_PRINT) Mumbai ...
Trafigura: The Ten-Day Unravelling Of An Alleged $500-Million Fraud
Commodities trader Trafigura says it is the victim of a huge fraud. Keystone / Martial Trezzini A heart attack, a handwritten note and 1,000 shi ...