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Asian equities edge up, dollar slides as US Fed Reserve subpoenaed

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Markets

Powell says Justice Department served Fed with subpoenas

The US president has long called for aggressive rate cuts
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Markets

Fed served with DOJ subpoenas, Powell vows to stand firm

Trump has also sought to fire the central bank governor Lisa Cook, another extraordinary step
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Markets

E-commerce platforms such as Shopee expand into insurance, drawing closer regulatory scrutiny 

Questions around governance and oversight of the digital sales channels come into sharper focus
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Markets

UOI bets on hybrid insurance model as customers seek both digital ease and human touch

It also offers specialised products that meet specific consumer needs, such as Singapore’s first dedicate cruise insurance
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Markets

E-commerce platforms such as Shopee expand into insurance amid tighter regulatory scrutiny

Questions around governance and oversight of the digital sales channels come into sharper focus
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Markets

Israeli cyber startup Torq raises $140 million at $1.2 billion valuation

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Markets

Musk’s X to open source new algorithm in seven days

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Markets

Six banks seen reaping US$157 billion on Trump’s return

Some banks have already telegraphed the boost from deal flow
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Markets

Trump calls for one-year cap on credit card interest rates at 10%

Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed
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