Funding & Business
Asian Stocks Set to Advance After Powell Pivot: Markets Wrap
Equities in Asia were set to track Wall Street higher Monday after Federal Reserve Chairman Jerome Powell opened the door to a resumption of rate cuts next month.
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Customers Bank CEO Sam Sidhu tells Open Interest he’s expecting a stronger half of 2025 thanks to stronger pipelines. He says customers are optimistic and eager for a rate cut. (Source: Bloomberg)
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Lenders including JPMorgan Chase & Co. and Deutsche Bank AG are providing around €750 million ($879 million) of debt financing to back Apollo Global Management Inc.’s acquisition of German cooling equipment firm Kelvion.
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Construction work at a Hyundai Motor Co. joint-venture battery plant in Georgia that was raided by US immigration authorities is being delayed as the companies involved grapple with worker shortages.
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