WITH traditional equity and bond portfolios underwhelming investors this year and China’s market returns letting them down, Asia’s most active seed-fund providers are ploughing money instead into hedge funds with strategies not correlated to major macro trends.
ELON Musk’s bankers are considering providing the billionaire with new margin loans backed by Tesla stock to replace some of the high-interest debt he layered on Twitter, according to people with knowledge of the matter.
THE cut-off yield on the latest six-month Singapore’s Treasury bill (T-bill) that closed on Thursday (Dec 8) shot to 4.4 per cent, the second highest since the return last peaked at 4.73 per cent in 1988.
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) that closed on Thursday (Dec 8) shot up to 4.4 per cent, the second highest since the return last peaked at 4.73 per cent in 1988.
PHILIPPINE lawmakers are looking to tap central bank profits to seed a proposed sovereign wealth fund, after an earlier plan to use pension funds for the purpose triggered opposition.
MASAYOSHI Son has quietly tightened his grip on SoftBank Group during a tumultuous market downturn, edging closer to the point where he could bid to take the world’s largest technology investor private.
COINBASE Global chief executive officer Brian Armstrong said the cryptocurrency exchange’s revenue is set to be cut by half or more this year as declining prices and the collapse of rival FTX rattle investors’ confidence.
AUSTRALIA is keeping an open mind on a central bank digital currency (CBDC), a senior Reserve Bank (RBA) official said, while adding it remains to be convinced there’s a case for one in a country with easy financial and cash access.
CREDIT Suisse cleared the first hurdle towards kick-starting a long-awaited US$440 million lawsuit against SoftBank stemming from the spectacular collapse of finance firm Greensill Capital.
