THE US dollar rallied against major currencies on Monday (Nov 21), as rising Covid-19 cases in China led to new restrictions there and weighed on global investor sentiment.
WELAB, backed by investors including Sequoia Capital and billionaire Li Ka-shing, is weighing a new funding round that could value the Hong Kong-based fintech firm at about US$2 billion, said sources.
STANDARD Chartered expects Asia and the Middle East to outperform other regions, even as spiralling inflation and a spike in borrowing costs risk tipping major global economies into a recession next year, a senior executive at the bank said.
CHINA’S financial regulators have asked banks to stabilise lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster economic growth.
YOMA Strategic’s subsidiary will now acquire Telenor’s 51 per cent stake in Digital Money Myanmar (Wave Money) for US$40 million instead of the US$53 million announced earlier this year.
ARA, a wholly-owned subsidiary of ESR Group, is partnering with Export-Import Bank of China (Exim) for the closing of a US$1 billion (S$1.4 million) infrastructure fund.
