Category: Finance News

A mix of lower interest rates, lower defaults and more issuances bode well for corporates and governments looking to tap Asia’s bond market in 2025. There are hopes for Asia’s bond market next year to outperform 2024 which is expected to hit $160-165 billion in 2024 for Asia, ex-Japan….

Databricks, a San Francisco-headquartered data and artificial intelligence (AI) company, has completed a substantial portion of a $10 billion Series J funding round. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. The funding values Databricks at $62 billion and is…

Asia Healthcare Holdings (AHH), which runs a specialty hospitals focused healthcare platform, has received $150 million of backing GIC, Singapore’s sovereign wealth fund. This follows GIC’s first investment of $170 million in AHH in February 2022; AHH is also backed by alternative asset manager TPG. Bangalore-headquartered AHH has invested…

Violetastoimenova | E+ | Getty Images Financial advisors will soon — and for the first time — hold more of their clients’ assets in exchange-traded funds than in mutual funds, according to a new report by Cerulli Associates. Nearly all advisors use mutual funds and ETFs, about 94% and 90%…

The Hong Kong Monetary Authority (HKMA) will offer eligible digital bond issuances up to HK$2.5 million ($320,000) in a subsidy, as the city eyes becoming a regional leader in digital bond issuances. Published on November 28, the Digital Bond Grant Scheme (DBGS) started accepting applications on the same day….

Check out the companies making headlines in midday trading: Teva Pharmaceuticals , Sanofi — Shares of Teva Pharmaceuticals and Sanofi rose more than 26% and 6%, respectively, after the companies announced positive Phase 2b results for duvakitug, their joint treatment of moderate to severe inflammatory bowel disease. Pfizer — Shares…

Unscrupulous businesses and political elites have siphoned off billions of dollars worth of money each year from the impoverished Bangladesh during the past regime under Sheikh Hasina, further weakening the country’s economic base, according to a 400-page white paper prepared by the interim government. “Systemic tax evasion, misuse of…

Traders work on the floor at the New York Stock Exchange on Dec. 10, 2024. Brendan McDermid | Reuters The Dow Jones Industrial Average has been declining for nine straight days, posting its longest losing streak since February 1978. What is going on and how concerned should investors be? First off,…

We’re buying 25 shares of Home Depot at roughly $407 each and 15 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will…

Laylabird | E+ | Getty Images A popular retirement strategy known as the 4% rule may need some recalibration for 2025 based on market conditions, according to new research. The 4% rule helps retirees determine how much money they can withdraw annually from their accounts and be relatively confident they…