Morgan stanley is considering a 7 per cent cut in its asia-pacific investment banking workforce, with china taking the biggest hit as deteriorating relations with the us and weaker economic growth curb dealmaking, people familiar with the matter said.
South-east asia’s second-largest lender ocbc will aim to reduce the absolute emissions for the oil and gas sector attributable to the bank by 95 per cent by 2050 from its 2021 levels, and will no longer finance upstream oil and gas projects that have been approved after 2021.
Oil prices rose a dollar a barrel on monday (may 15) after three straight sessions of declines, boosted by the prospect of tightening supplies in canada and elsewhere, although recession fears kept pressuring the market.
Sumitomo mitsui financial group (smfg), japan’s second-largest lender by assets, reported a 51.3 per cent drop in fourth-quarter net profit on monday (may 15).
Gold prices rose on monday (may 15) as the us debt ceiling stalemate and concerns over an economic slowdown steered some traders towards the safe-haven metal.
Silicon valley automotive ethernet chip startup ethernovia inc said on monday (may 15) it had raised us$64 million in a series a funding round including porsche automobil, qualcomm ventures, venturetech alliance and others.
The philippine central bank is likely to leave its key rate unchanged at its policy meeting this week, governor felipe medalla said, possibly hitting the pause button after its most aggressive tightening cycle in two decades.
Gold prices were flat on monday (may 15) as a steady us dollar countered support from wider economic risks and expectations that the federal reserve would pause its interest rate-hike cycle.
There are several reasons why startups in Southeast Asia go bust, but we lack data about it. This piece helps you track the region's macro-level trends.
The current banking environment and pressures on earnings of some us regional banks may lead to some concentration in the sector, and regulators will likely be open to such mergers, treasury secretary janet yellen said on saturday (may 13).
In addition to fundraising developments, this week also witnessed some acquisitions, big partnerships, and fund launches. Take a look at the major happenings reported from across the region this week. Comma3 Ventures makes first close of US$45M Web3 fund Comma3 Ventures made the first close of its Web3 fund at US$20 million. The target size ...The postHave a look at the news articles we published this weekappeared fi...
Binance said on friday (may 12) it was withdrawing from canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations.
Oil prices settled more than 1 per cent lower on friday (may 12), falling for the third consecutive week, as the market balanced supply fears against renewed economic concerns in the united states and china.
Units of hsbc holdings have agreed to pay us$75 million to settle us commodity futures trading commission (cftc) charges related to manipulative and deceptive trading and record-keeping failures, the regulator on friday (may 12).
