Standard Chartered Bank is “clearly interested” in applying for a digital banking licence here, with Asean and South Asia chief executive Judy Hsu saying yesterday that the benefits outweigh the risks. StanChart has already joined forces with non-banking partners to win a digital banking licence in Hong Kong, where it is more dominant in serving […]
STRONG Roots, the Irish frozen food company founded by Samuel Dennigan, has raised $18.3m (€16.5m) in funding from investors including New York private equity firm Goode Partners. The financing will fuel the company’s US expansion, as it eyes sales of $300m (€271m) a year by 2023, compared to $50m in 2019. Mr Dennigan is also […]
French investment fund Infravia Capital Partners will reap the bulk of the €210m sale of Irish telecoms infrastructure company Cignal to Cellnex. The deal values Cignal chairman and ex-Esat Digfone and Digicel executive Donal O’Shaughnessy’s 2.4pc stake in the business at around €5m. Cignal CEO Colin Cunningham, another Esat Digifone old hand is also a […]
TOKYO (Reuters) – Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings. In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.10% […]
UK Prime Minister Boris Johnson has reiterated his rejection of a Northern Ireland-only backstop and determination to get a deal with the EU in a meeting with the DUP. DUP leader Arlene Foster and deputy leader Nigel Dodds met with Mr Johnson in Downing Street this evening. On leaving Mr Dodds described it as a […]
WASHINGTON (Reuters) – The share of Americans without health insurance rose for the first time in a decade last year and U.S. household income barely rose, according to a government report on Tuesday that laid bare issues that could become central to the U.S. presidential election next year. About 27.5 million residents, or 8.5% of […]
Good Tuesday. On today’s agenda: Apple’s annual iPhone unveiling is scheduled for 1 p.m. Eastern. (Was this email forwarded to you? Sign up here.) Does SoftBank want WeWork to postpone its I.P.O.? As WeWork continues to struggle with a cool reception to its forthcoming initial public offering, one of its biggest investors, SoftBank of Japan, […]
Efforts to resolve the long-running dispute causing turmoil in the beef industry have been struck a further blow as the competition watchdog refuted claims beef prices could be discussed at stakeholder talks. With poor beef prices remaining the central issue for most protesting farmers, an end to the dispute remains out of sight. It came […]
JD Sports has reported a 10% leap in like-for-like sales in the UK during the first half of its financial year, in defiance of the struggles facing the wider high street. The sports fashion chain credited investment in its store and online offering for the performance across the six months to 3 August. The wider […]
A former fund-raising official at the Massachusetts Institute of Technology who helped secure donations coordinated by the disgraced financier Jeffrey Epstein for a prominent program there has been placed on administrative leave by Brown University, where he now works. The fund-raising official, Peter Cohen, has stepped aside from his role as director of development for […]