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Yangzijiang Financial not proceeding with one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure an approval from Ningbo Shanshan’s creditors[SINGAPORE] Yangzijiang Financial said the plans to pump one billion...
Yangzijiang Financial aborts one billion yuan investment in Chinese lithium battery producer
Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors[SINGAPORE] Yangzijiang Financial said the plans to pump one billion yuan...
India in talks to create bigger banks, including via mergers, finance minister says
India has 12 state-owned banks, which together hold assets totalling 171 trillion rupees (S$2.51 trillion) as of March[MUMBAI] India needs more “big banks” and efforts are underway to achieve...
SGX to launch ‘next-gen’ trading engine in second half of 2027
SGX Regulation is seeking public feedback on rule amendments and new functions of the engine from Thursday to Dec 31[SINGAPORE] With investor participation on the rise, the Singapore Exchange...
JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes[FRANKFURT] Germany’s financial watchdog BaFin has imposed its largest-ever fine of 45...
UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
[SINGAPORE] UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and OCBC, analysts said,...
Motorway debuts China commercial vehicle brand Qingling Motors; relaunches Ssangyong in Singapore
Qingling Motors’ introduction comes just ahead of government incentives commencing in 2026[SINGAPORE] Automotive group Motorway and Qingling Motors launched an electric heavy vehicle (EHV) on Friday (Nov 7), marking...
Corporate governance and culture must go hand in hand amid complex challenges: Sias
They are ‘two sides of the same coin’, says founder, president and CEO David Gerald[SINGAPORE] As companies face increasingly complex challenges, David Gerald, the founder, president and CEO of...
Nissan returns to operating profit in Q2
Nissan booked 51.5 billion yen (S$437.4 million) in operating profit for July-September[YOKOHAMA] Nissan Motor swung back to an operating profit in the second quarter on Thursday (Nov 6) reporting...
Singtel jumps 4.9% to all-time high on talks to buy local data-centre firm
Singtel and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion[SINGAPORE] Shares of...
