News
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on[BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese unit has resumed supplying semiconductors to local distributors, according to two...
Nokia profit surges past estimates on network growth
[HELSINKI] Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks businesses.The Finnish company reported 435 million euros (S$655.2 million)...
Singapore 6-month T-bill cut-off yield slides to 1.41%
This is a drop from the 1.44% offered in the last 6-month auction that closed on Oct 9 [SINGAPORE] The latest cut-off yield on Singapore’s six-month Treasury bill (T-bill)...
Former Citi banker Wang Qiming gets longest sentence in S$3 billion money laundering scandal
[SINGAPORE] A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing...
Former Citi banker gets longest sentence in S$3 billion money laundering scandal
[SINGAPORE] A former wealth banker at Citigroup got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing...
Nomura CEO seeks to tap more private market bets from Japanese
[TOKYO] Nomura Holdings’ chief executive officer sees more scope to get business from Japanese investors who are looking to private markets as a way to diversify their assets. “Compared...
Asia: Crude spikes as Trump threatens Russian giants, stocks turn lower
Crude prices spiked more than two per cent on Thursday after Donald Trump said he would hit two Russian oil companies with hefty sanctions, while talk that the White...
China and US ‘just flexing muscles’ over critical metals, BHP chair says
[MELBOURNE] The US and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential...
Gold eases as dollar firms, focus on US inflation data
Investors have nearly fully priced in a 25-basis-point rate cut at the US Federal Reserve’s meeting next week[BEIJING] Gold prices edged lower on Thursday (Oct 23), weighed down by...
Wee Hur unit in JV to build Wycombe Abbey international school in Singapore
It also plans to consolidate its purpose-built student accommodation assets under a new fund[SINGAPORE] Wee Hur announced on Wednesday (Oct 22) that its wholly owned subsidiary Wee Hur Property...
