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US president Donald Trump has issued 15% tariffs on every country exporting to the US after his so-called reciprocal tariffs were ruled illegal by the US Supreme Court.
If the deal is finalised, a combination of the US and UK global asset managers will control almost $2.5 trillion of assets under management; they both have offices across Apac.
Brookfield Asset Management has acquired an office skyscraper in Tokyo from a consortium of Japanese investors for an undisclosed price; the global HQ of Dentsu Group is a tenant.
Net profit at the Singapore bank fell 10% in Q4 amid rate headwinds, higher tax expenses and the absence of non-recurring gains; annual revenue in FY 2025 climbed to a record high of S$22.9bn.