Wednesday , 17 December 2025

Recent Posts

Powell waves off recession fear while leaving rate cuts on table

Bloomberg Federal Reserve Chairman Jerome Powell pushed back against perceptions that the US economy was tilting into a recession, while leaving the door open to further interest-rate cuts to keep the country’s record economic expansion on track. Speaking in Zurich, Powell said consumer spending and support from monetary policy should help deliver economic growth between 2 percent and 2.5 percent …

Read More »

Ping An unit mulls ‘digital bank license’

Bloomberg Ping An Insurance (Group) Co’s financial technology unit is considering an application for one of Singapore’s new digital banking licenses, according to a person familiar with the matter. OneConnect is looking to secure a wholesale license which would allow it to provide banking services to small and medium-sized businesses on the island, said the person, who requested anonymity because …

Read More »

Goldman CEO, Bono nicked in Sugarfina bankruptcy

Bloomberg Sugarfina Inc, the chain of luxury candy shops backed by some of the biggest names in banking and entertainment, filed for Chapter 11 bankruptcy protection as mall-based stores struggle to compete. Posh candies like Champagne gummy bears for $8.50 and bourbon-and-toffee chocolate bars at $9.50 are part of Sugarfina’s lineup. The company listed assets and liabilities of up to …

Read More »