Credit
-
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the expiry of key US tax credits that had supported sales, a person…
-
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore [SINGAPORE] International law firm Withers is commencing proceedings against Switzerland for its forced write-down…
-
Dollar wavers with politics, credit risks and trade tensions in the spotlight
THE dollar edged up against the yen but was flat versus the euro on Monday (Oct 20) as investors shifted their focus to political developments in Japan and the euro…
-
Gold holds drop as traders focus on US-China trade, credit woes
[MELBOURNE] Gold steadied following a sharp drop for precious metals on Friday (Oct 17), with traders weighing the latest developments in trade tensions as well as jitters surrounding US regional…
-
Banking shares’ wobbles reveal growing unease over credit risks
The markets have weathered a string of credit scares and surprise write-downs over the past two years [NEW YORK/LONDON/SINGAPORE] A clutch of bad loans at banks in recent weeks has…
-
Asia: Stocks fall with Wall Street as US credit fears add to worries
ASIAN stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a possible tech bubble and the US government shutdown. After…
-
Asian Stocks Fall With Wall St As US Credit Fears Add To Worries
Asian stocks tracked losses on Wall Street on Friday amid fresh credit market fears that compounded worries about trade tensions, a possible tech bubble and the US government shutdown. After…
-
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape. [NEW YORK] On Wall Street, everyone’s a friendly rival until the losses start.…
-
Banks and private credit clash after Dimon’s cockroach barb
The bickering underscores what’s at stake as a tidal wave of change sweeps across the financing landscape [NEW YORK] On Wall Street, everyone’s a friendly rival until the losses start.…
-
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
[ZURICH] A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7 billion) worth of Credit Suisse bonds…
-
Vingroup seeks US$500 million private credit for EV charging ports
China dominates the global public charging market with over 850,000 installations last year, more than double the installations in the rest of the world [HANOI] Vietnamese conglomerate Vingroup is seeking…
-
Private credit risks to be assessed by US government watchdog
THE US Government Accountability Office (GAO) is assessing the risks posed by private credit, in a sign that Washington is further scrutinising the impact of the US$1.7 trillion industry on…
-
French trade credit insurer Coface eyes growth in South-east Asia amid rising trade risks
As the global economy fragments and supply chains shift, Coface is leaning into its market intelligence and analytics [SINGAPORE] In a world where global trade faces mounting headwinds, French trade…
-
Surge in interest, capital into private credit as investors retool portfolios
A large majority of investors are intending to make an allocation to a private debt fund: Preqin [SINGAPORE] More capital has been flowing into private credit, amid growing interest among…
-
Vietnam central bank vows to push growth, limiting credit risks
The dong has fallen more than 3% this year and is hovering near its August record low [HANOI] The State Bank of Vietnam (SBV) plans to keep pursuing policies to…
