News
Hong Kong steps up defence of FX peg as fixed range tested again
[HONG KONG] Hong Kong’s de facto central bank ramped up purchases of the city’s currency as it sought to defend a peg that has been strained by volatility in...
Stocks to watch: Nio, Lendlease Global Commercial Reit, mm2 Asia
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 2): Nio: The electric vehicle maker delivered 24,925 vehicles in June, an...
Tesla’s sluggish sales return to the fore after robotaxi debut
[AUSTIN] Tesla’s rally off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another downbeat quarterly sales report.The...
Biggest US banks hike dividends, announce share buybacks after acing stress tests
[NEW YORK] US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health check last week. The moves come after the lenders...
China’s Huawei must face US criminal charges, judge rules
[NEW YORK] A US judge on Tuesday (Jul 1) rejected Huawei Technologies’ bid to dismiss most of a federal indictment accusing the Chinese telecommunications company of trying to steal...
US: Stocks mixed as Trump tax bill advances, Tesla falls
[NEW YORK] Wall Street stocks finished mixed on Tuesday after the Senate approved Donald Trump’s sweeping legislation to extend tax cuts and enact deep reductions in social spending.The Republican-led upper congressional...
Tinder rolls out mandatory face verification for California users
West Hollywood-based Tinder is now requiring facial recognition scans for all users in California as part of its efforts to build trust among users and reduce the prevalence of...
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assetsPublished Tue, Jul 1, 2025 · 05:52 PM[LONDON] BNP Paribas...
MAS proposes to improve complex product labelling and disclosures for investors
[SINGAPORE] Investors in Singapore may soon gain clearer disclosures and improved guidance for complex products, following the implementation of proposed amendments by the Monetary Authority of Singapore (MAS).
The central...
No compulsory financial advice needed for most retail investors under proposed MAS changes
[SINGAPORE] Retail investors may soon be able to invest in products that are deemed complex without seeking the now-mandatory financial advice, even where they may not have the relevant...
