News
Singapore shares dip 0.3%, even as regional markets rise
[SINGAPORE] Shares on the Singapore bourse closed lower on Thursday (Oct 16), bucking the gains charted in most regional markets.The benchmark Straits Times Index (STI) slipped 0.3 per cent,...
UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources
The Zurich-based lender is using Deloitte and KPMG to help screen client documentation[SINGAPORE] UBS Group is increasing scrutiny of the sources of client money in its fast-growing Asian wealth...
DBS, Banque Saudi Fransi join forces to boost payment flows across Asia, GCC
The partnership will boost GCC trade, finance and currency-clearing collaboration across the region[SINGAPORE] DBS Group, the largest bank in South-east Asia, said on Thursday (Oct 16) that it has...
CLI’s self-storage unit invests close to S$100 million in Singapore flagship project, 3 Tokyo facilities
When completed, the local facility will expand ESA’s portfolio in the Republic to 13 properties with more than 1.5 million sq ft of gross floor area[SINGAPORE] Extra Space Asia...
TSMC ADR premium tops two-decade high as global buyers pile in
[HONG KONG] Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Company (TSMC) ahead of its earnings, confident that the world’s leading chip foundry will remain one of...
Auditor for Dasmond Koh’s NoonTalk Media flags firm’s ability to continue as a going concern amid losses
The group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000[SINGAPORE] The independent auditor for Catalist-listed NoonTalk Media has raised doubts about the group’s...
Asia: Stocks rise as traders weigh China-US row, rate cut hopes
ASIAN equities edged up on Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this...
US weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral[WASHINGTON] The US took steps to block one of Hong...
Gold hits record high as investors turn to safe haven
Investors anticipate a near-certain 25-basis-point rate cut at this month’s US Federal Reserve meeting, followed by another in December[BENGALURU] Gold hit a record high on Thursday (Oct 16) as...
Trump says Modi has assured him India will not buy Russian oil
[WASHINGTON] US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get...
