January 17, 2021

Info IEC

Business & Finance Information

Day: January 8, 2021

Elon Musk has overtaken Amazon . com Inc. founder Jeff Bezos as the world’s richest person, driven by a meteoric rise in the value of Tesla Inc., the electric-car maker he runs.

The bragging rights around personal wealth pit two of the tech industry’s biggest rivals in a competition that spans from the roads to outer space. Messrs. Musk and Bezos, both founders of rocket companies, have clashed over issues such as Amazon’s power over book publishing and Mr. Musk’s interest in colonizing the planet Mars. Amazon last year bought a self-driving-car startup that would compete with Tesla.

Mr. Musk’s

Fri, Jan 08, 2021 – 12:33 PM

UOB announced on Friday that it has successfully priced capital securities with a reset coupon rate that references the Singapore Overnight Rate Average Overnight Indexed Swap (Sora-OIS) rate, which is believed to be the first in Singapore.

The bank’s latest issuance is a step forward to promote the adoption of a Sora-based pricing benchmark in the Singdollar bond market, and part of broader industry efforts to develop deep and robust Sora-based cash and derivatives markets.

The reset coupon rate of UOB’s perpetual, non-call five-year additional Tier 1 securities on the first call date

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