Banking & Finance
Powell says Justice Department served Fed with subpoenas
The US president has long called for aggressive rate cuts
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
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
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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Start and end each day with the latest news stories and analyses.
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
Philippines central bank sees inflation rising toward target
It could bring an end to its easing cycle soon
Thai central bank to expand authority to scrutinise online gold trading
Bank of Thailand has blamed gold traders for driving up the baht
UOBKH rates top pick DBS a ‘buy’ on 5.6% yield
It also upgrades the overall banking sector to ‘overweight’ and keeps its ‘buy’ call for OCBC
Blackstone eyes US$2.6 billion of debt to finance power merger
Electricity demand is soaring globally as the data centres needed for Big Tech’s artificial intelligence objectives put pressure on power grids
Morgan Stanley boosts managing director ranks after dealmaking revival
Wall Street expects another strong year as equity markets hit record highs and interest rates decline
