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Veteran fund manager lists global macro hedge fund Asia Genesis on ADDX

VETERAN local fund manager Chua Soon Hock – the founder and chief investment officer of Asia Genesis Asset Management – has listed a global macro hedge fund on private market exchange ADDX following his return to fund management.

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China local government special bond issuance slows in December

CHINA’S local governments issued a net 9.8 billion yuan (S$1.9 billion) in special bonds in December, the finance ministry said on Sunday (Jan 29), slowing sharply from 45.5 billion yuan in November.

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Global central banks preaching on pay are enforcing squeeze too

CENTRAL bankers trying to ensure that surging consumer prices don’t feed yet more inflation are doing what they can to keep their own houses in order.

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US seeks tighter bail for FTX founder Bankman-Fried to prevent tampering

US PROSECUTORS on Friday (Jan 27) asked a Manhattan judge to impose tougher bail conditions on Sam Bankman-Fried, expressing concern that the founder of the FTX cryptocurrency exchange might tamper with witnesses or destroy evidence in his criminal case.

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Charge a US$75m painting on your AmEx card? CEO says you could

ADD US$75 million paintings to the list of extravagant things American Express (AmEx) users can charge to their cards.

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Goldman Sachs slashes CEO Solomon’s pay about 30% to US$25m

GOLDMAN Sachs Group cut chief executive officer (CEO) David Solomon’s compensation by about 30 per cent to US$25 million for 2022, a year in which the share price and profit tumbled and the firm retreated from a highly public effort to create a consumer bank.

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DOJ probing Visa on US debit card practices, competition

VISA said on Friday (Jan 27) the antitrust division of the US Department of Justice (DOJ) had issued investigative demand earlier this month seeking documents and information about US debit card practices and competition with other payment networks.

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Key inflation gauge cools further, paving way for smaller Fed rate hike

THE Federal Reserve’s preferred inflation measures eased in December to the slowest annual paces in over a year while consumer spending fell, helping pave the way for policymakers to further scale back the pace of interest-rate hikes.

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US dollar ticks up ahead of central bank meetings

THE US dollar edged up on Friday (Jan 27) to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew of major central bank meetings next week.

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AmEx misses profit estimate as loan-loss provisions weigh

AMERICAN Express missed market estimates for fourth-quarter profit on Friday as the credit card giant stockpiled more rainy-day funds to prepare for a worsening economy, wrapping up a turbulent quarter for major US card companies.

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