Japan’s core inflation slowed sharply in November to a pace unseen in over a year, data showed yesterday, highlighting easing cost-push pressures that may give the central bank more time before phasing out its massive monetary stimulus.While service prices continued to rise, some analysts doubt whether the increase will accelerate enough to create a more demand-driven inflation … [Read more...] about Japan’s core inflation slows, eases pressure on BoJ
Bumpy road ahead for S’pore retail, F&B firms
SINGAPORE: Retailers and food and beverage (F&B) operators here are facing a challenging 2024, with cost of living issues and an uncertain outlook for tourism and the economy, but some firms are still willing to take a chance.While there have been closures in both sectors in 2023, there are still others who see plenty of opportunities in the new year. Source: The Star … [Read more...] about Bumpy road ahead for S’pore retail, F&B firms
RBC’s US$10bil deal for HSBC Canada wins approval to go ahead
The Canadian government approved Royal Bank of Canada’s (RBC) landmark deal to acquire HSBC Holdings Plc’s Canadian operations, handing a major regulatory win to one of North America’s largest financial institutions.Finance Minister Chrystia Freeland’s office issued a statement late Thursday allowing the deal, confirming an earlier report by Bloomberg News. Her blessing came … [Read more...] about RBC’s US$10bil deal for HSBC Canada wins approval to go ahead
Sumitomo offers to fully acquire Singlife, valuing insurer at US$3.46bil
SINGAPORE: In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance is offering to fully acquire local insurer Singapore Life Holdings (Singlife), valuing it at S$4.6bil (US$3.46bil).Under the deal, Sumitomo Life will buy asset manager TPG’s 35% stake in Singlife for S$1.6bil. It will also offer to acquire the shares of minority investors. … [Read more...] about Sumitomo offers to fully acquire Singlife, valuing insurer at US$3.46bil
Bursa partners RAM to unveil BR Capital
PETALING JAYA: Investors as well as small and mid-sized companies would benefit from Bursa Malaysia’s new alternative debt fundraising platform, according to analysts.The platform, which was launched yesterday in collaboration with RAM Holdings Bhd, targets listed and non-listed companies with fundraising needs of at least RM5mil and a minimum tenure of one year. Source: The … [Read more...] about Bursa partners RAM to unveil BR Capital