Private Funding in Asia May Hit 10-Year Low, Preqin Says
Private capital fundraising in Asia Pacific may hit a decade low this year, as investors shift away from China-focused funds, according to London-based research firm Preqin Ltd.
Bloomberg Business
UOB Lowers Fee Growth Forecast as Profit Beats Estimates
United Overseas Bank Ltd. lowered its fee income growth forecast for 2023, signaling a more challenging outlook, even as it reported second-quarter profit that topped estimates.
Crypto Regulatory Framework Bill Endorsed by House Financial Services Committee
Legislation championed by crypto advocates that sets clearer rules for the nascent industry was approved by a key US House panel on Wednesday.
Venture Firm Debuts $150 Million Fund for Indian AI Startups
Indian venture capital firm Together Fund announced a $150 million early-stage fund to back AI companies, aiming to capitalize on use of the technology in the software-as-a-service market.
A Post-Fed Wall Street Buckles Up for High-Stakes Economic Data
Ever since the Federal Reserve kicked off its historic tightening campaign, Wall Street has clung to every word and deed of Jerome Powell and his colleagues.
Mitch McConnell Freezes at Start of News Conference, Returns Later
Senator Mitch McConnell abruptly stopped speaking and froze in place for about 20 seconds during a news conference Wednesday in the Capitol, raising new concerns about the Republican leader’s health.
Surf Air’s Shares Assigned $20 Reference Price by NYSE
Surf Air Mobility Inc. shares were issued a reference price of $20 by the New York Stock Exchange to guide investors when the stock starts trading Thursday in the first significant direct listing in almost two years.
Pemex Chief Says Mexico to Refinance Its Debt to Avoid High Cost
Mexico will refinance Petroleos Mexicanos’s debt since it’s cheaper than if the state oil giant goes to the market itself, according to the company’s Chief Executive Officer Octavio Romero.
Record Heat of 2022 Is A Glimpse of UK’s Climate Future, Met Says
Last year’s heat will be considered normal by 2060 as temperature extremes in the UK change faster than the global average, according to the UK’s Met Office. By 2100, it would be deemed a ‘cool’ year.
The UK Is at Least Half a Decade From Making 1 Million Cars Again
The UK is probably at least a half decade away from making 1 million cars a year again, according to the industry’s trade group.
