Singapore Markets Brace for Oil Shock and Rate Hike as Grab Makes $1.9B Fintech Play

US 10-year Treasury yields breached 5% for the first time since 2007, sending a chill through Asian markets including Singapore as investors price in a near-certain Federal Reserve rate hike.

Money Moves

• Grab to acquire majority stake in Atome Financial — Singapore-based ride-hailing giant commits US$1.49 billion (S$1.9 billion) for 60% of the BNPL lender, with a deal potentially valuing Atome at up to US$4.5 billion
• **US crude hits US$103.24 per...