Deutsche Bank, KBC freeze some Radiant World funds in Singapore

Deutsche Bank, KBC freeze some Radiant World funds in Singapore

This comes amid concerns that Radiant World provided banks with falsified documents about iron ore trades Published Fri, Aug 7, 2026 · 05:17 PM [SINGAPORE] Radiant World is under growing pressure after two of its key banks froze its funds and major miners moved to cut ties with the iron ore trading house.  Deutsche Bank…

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Volkswagen must cut costs faster to change, chairman says

Volkswagen must cut costs faster to change, chairman says

Published Fri, Aug 7, 2026 · 04:23 PM VOLKSWAGEN’S majority owner urged Europe’s biggest carmaker to move quickly on cutting costs and excess capacity to return to competitiveness. Volkswagen should consider “every option” to usher in a turnaround, Porsche Automobil Holding said Friday. The holding company controlled by the Porsche-Piech owner family added that it…

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China central bank adds gold in Hong Kong amid trading hub push

China central bank adds gold in Hong Kong amid trading hub push

This accelerates a longer-term trend where the People’s Bank of China moves gold reserves back home from London Published Fri, Aug 7, 2026 · 02:25 PM CHINA’S central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that is likely to support the city’s push to…

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Chinese AI chipmakers poised to gain from Beijing’s tech push

Chinese AI chipmakers poised to gain from Beijing’s tech push

The country’s firms raise orders after Beijing mandates local tech firms find alternatives to Nvidia products Published Fri, Aug 7, 2026 · 01:10 PM CHINA’S artificial intelligence chip designers are expecting bumper sales this earnings season off the back of Beijing’s push to get local firms to use homegrown components and reduce their reliance on…

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Asian stocks gain as South Korean tech shares advance

Asian stocks gain as South Korean tech shares advance

The MSCI Asia Pacific equities gauge climbs 0.2% as South Korean shares rise 1.3% Published Fri, Aug 7, 2026 · 10:45 AM ASIAN stocks gained on Friday (Aug 7) as traders looked past geopolitical tensions and technology stocks advanced in South Korea. Oil rose as prospects for a lasting Middle East agreement remained uncertain. The…

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