(Bloomberg) — Singapore’s financial regulator said it is engaging with Chocolate Finance, a robo-advisory firm, after the startup experienced a surge in customer requests to redeem their investments and halted instant withdrawals. Most Read from Bloomberg The Monetary Authority of Singapore said in a statement on Wednesday that the goal is “to ensure that all
(Bloomberg) — Japanese investors are set this month to buy the largest amount of foreign bonds in 17 years as the prospects for overseas monetary policies spur a rally in debt and a drop in currency hedging costs. Most Read from Bloomberg Fund managers in the Asian nation bought the securities for a fourth straight
(Bloomberg) — Alimentation Couche-Tard Inc. could issue debt and tap its pension shareholders for funding in order to finance a proposed deal to buy out 7-Eleven owner Seven & i Holdings Co., people familiar with the Canadian retailer’s thinking said. Most Read from Bloomberg A leveraged acquisition of the Japanese company would be feasible because
(Bloomberg) — Cryptocurrency platform Kraken must face a US Securities and Exchange Commission lawsuit accusing it of operating an unregistered securities exchange, a judge ruled. Most Read from Bloomberg “The SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on its network constitute investment contracts, and therefore securities, and
(Bloomberg) — Elon Musk’s X attracted investment from a plethora of big names from Silicon Valley to global finance including Sean “Diddy” Combs and billionaire Larry Ellison, according to a court document unsealed Wednesday. Most Read from Bloomberg Many of the investors listed, such as Twitter co-founder Jack Dorsey and venture capital houses Andreessen Horowitz
(Bloomberg) — Daiwa Securities Group Inc. is eyeing Australia for its first expansion into the agricultural sector abroad, part of a wider push to boost lending and direct investment in the country’s real estate and renewable energy sectors. Most Read from Bloomberg Japan’s second-biggest brokerage is looking for investment or lending opportunities in what it
(Bloomberg) — Five of the largest emerging Asian bond markets are jointly receiving net inflows for the first time in three years, suggesting investors are getting more upbeat on the asset class. Most Read from Bloomberg Overseas funds have boosted holdings of debt in each of South Korea, Thailand, Indonesia, India and Malaysia since the
(Bloomberg) — Toll Brothers (TOL) Inc. raised its expectations for profit margins for its full fiscal year as lower mortgage rates sparked demand for the company’s luxury homes. Most Read from Bloomberg Key Insights Purchase contracts for the three months through July rose 11% from the same period a year earlier to 2,490. While that
(Bloomberg) — Stocks ticked higher after a buoyant session on Wall Street amid bets the Federal Reserve will soon signal it’s ready to start cutting interest rates. Most Read from Bloomberg MSCI’s all-country stock index headed for a ninth day of increases — the longest run of gains since December. Europe’s Stoxx 600 and US
(Bloomberg) — S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth. Most Read from Bloomberg Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statement. Investment-grade credit ratings