US politics

Biden considers TIAA CEO Ferguson to lead his economic council

President-elect Joe Biden is considering Roger Ferguson, a former Federal Reserve vice chair, to be his top White House economic adviser, according to people familiar with the matter.

Banking & finance

DBS merger with Lakshmi Vilas Bank approved by Indian cabinet

The government of India has, on Nov 25, formally approved the scheme of amalgamation of DBS India and Lakshmi Vilas Bank.

Funds

Xero prices zero coupon US$700 mil convertible notes due 2025

Xero Limited, the cloud-based accounting platform that’s listed on the Australian Securities Exchange (ASX), has priced zero coupon US$700 million ($940.0 million) worth of senior unsecured convert

Tech

Tech stocks still have room to run, says US$507 billion fund

Technology stocks can notch further gains even as investors move beyond pandemic trades, according to Principal Global Investors.

TELECOMMUNICATIONS

Singtel launches Liquid-X integrated software-defined network platform to simplify cloud networking management

Singapore Telecommunications (Singtel) announced on Nov 25, that it has launched Liquid-X, a next-generation cloud-based networking platform.

Global Markets

Dow Average tops 30,000, S&P 500 jumps to record in markets wrap

The Dow Jones Industrial Average topped 30,000 for the first time and investors piled into risk assets as a series of market-friendly developments unleashed animal spirits on Wall Street.

New VC The Wolfpack helps consumer-focused startups build ecosystem edge - THE EDGE SINGAPORE

Funds

New VC The Wolfpack helps consumer-focused startups build ecosystem edge

Early-stage startups in Asia Pacific can now tap on The Wolfpack – a new venture capital firm – to reach customers via smarter media and experience-first strategies.

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