(Reuters) – Standard Chartered said on Tuesday that its global private banking unit had launched an investment platform specifically tailored for its ultra-high-net-worth clientele. The Private Markets Co-Investment Club (CIC) is designed to cater to increasing demand from these high-end investors for efficient, institutional-grade private market portfolios, the global bank said. StanChart said the club...

By Tom Westbrook SINGAPORE (Reuters) -Citi analysts cut their recommendation for U.S. stocks to “neutral” from “overweight” on Monday after recession fears pummelled the market, arguing that the U.S. economy may no longer outpace the rest of the world in the coming months. At the same time, they upgraded their view on China to “overweight”...

(C) By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal is exploring the construction of a pipeline to move liquefied petroleum gas (LPG) across the trade passage, canal administrator Ricaurte Vasquez said on Monday, with Japan seen as a top potential client for gas coming from the U.S. WHY IT’S IMPORTANT The canal, one...

By Anton Bridge, Abigail Summerville and Kane Wu TOKYO/NEW YORK (Reuters) – Japanese suitors face a heightened chance of U.S. targets baking in hefty termination fees to protect against a deal collapsing due to regulatory or political reasons, following Nippon Steel’s stranded $14.9 billion bid for U.S. Steel. A reputation for reliability has long given...

By Leika Kihara TOKYO (Reuters) – Japan recorded a current account deficit in January for the first time in two years as a weak yen inflated the cost of imports, finance ministry data showed on Monday. A boost in imports of smartphones and electronic parts in the run-up to the Lunar New Year holiday, which...

By Ankur Banerjee SINGAPORE (Reuters) – The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labour market, while concerns over a global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across...

TOKYO (Reuters) -Japan’s Seven & i Holdings said on Monday that talks have begun with Canada’s Alimentation Couche-Tard (ACT) over a store sale plan that would set the stage for ACT’s $47 billion takeover bid. Last week, the 7-Eleven convenience store operator named Stephen Dacus as its new CEO to lead a recovery and respond...

By Florence Tan SINGAPORE (Reuters) – Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets. Brent crude fell 25 cents, or 0.4%, to $70.11 a barrel by 0037 GMT...

Earlier in the week, SGX launched Hong Kong Singapore Depository Receipts (HK SDRs) for three more stocks – Xiaomi (SGX: HXXD), Meituan (SGX: HMTD) and Ping An (SGX: HPAD), bringing the total number of HK SDRs to 8. We rounded up what you should know about this investment product and how you can benefit from...