Fashion
Fidelity, BlackRock target Chinese demand for offshore funds
[HONG KONG] Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to sources familiar with the matter.The global asset manager...
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
[WASHINGTON] Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into bankruptcy just long enough to slash billions...
Oil settles higher as Iran-Israel conflict enters sixth day
[NEW YORK] Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel conflict and potential direct US involvement.Brent crude futures...
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
[WASHINGTON] The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned...
Meet Kenchen Bharwani: The Mastermind of Off-Price Fashion’s Economic Growth in the United States
As the U.S. fashion industry faces a generational shift, consumer priorities pivoted toward affordability and sustainability. Shoppers want stylish clothing without the ethical baggage of fast fashion ushering in...
Sats prices US$100 million in fixed-rate notes at 4.648%
[SINGAPORE] In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per cent.The Series 003 notes will...
DBS and Austrade ink deal to help Australian companies expand in South-east Asia
[SINGAPORE] DBS and the Australian Trade and Investment Commission (Austrade) on Wednesday (Jun 18) inked an agreement to deepen investment links between Australia and South-east Asia.In a joint statement,...
Malaysia to build 50% more gas-fired power capacity to meet data centre demand
[KUALA LUMPUR] Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data centres, an industry official said.The...
UBS, Pictet report data leak after cyberattack on provider, client data unaffected
Files containing details of tens of thousands of UBS employees were stolen, report saysPublished Wed, Jun 18, 2025 · 07:39 PM[ZURICH] Swiss banks UBS and Pictet on Wednesday (Jun...
Grab’s US$1.5 billion convertible issue seen as prepping for competition and need for capital: Maybank
[SINGAPORE] Grab’s recent move to upsize its five-year convertible note size to US$1.5 billion is timely given that the Asean digital sector – which includes food delivery – is...
