The cryptocurrency and blockchain industry is experiencing rapid growth. This sector has witnessed exponential expansion in recent years, with no signs of slowing down. Cryptocurrencies have ...
Biofourmis cuts staff again, including 45 in Singapore; vacating office here: sources
HEALTHTECH unicorn Biofourmis is conducting a second major round of layoffs affecting around 45 staff in Singapore and at least 85 staff globally, sources familiar with the matter told The Business ...
Biofourmis carries out another round of layoffs, 45 staff in Singapore let go: sources
HEALTHTECH unicorn Biofourmis is conducting a second major round of layoffs affecting around 45 staff in Singapore and at least 85 staff globally, sources familiar with the matter told The Business ...
Singapore’s death row families urge end to executions
SINGAPORE: Families of death row convicts urged the Singapore government today to impose a moratorium on capital punishment to allow for an independent review of the controversial use of executions in ...
Malaysia’s OMS puts $300 million IPO on hold -sources
Malaysian telecommunications infrastructure group OMS has put its plan to list on hold due to unfavourable market conditions, two sources with knowledge of the matter said.
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 ...
Citigroup confirms sale of China-wealth unit to HSBC
Citigroup Inc. on Monday confirmed reports of the sale of its consumer-wealth portfolio in China to HSBC Plc after it announced plans ... China through its regional wealth hubs in Hong Kong and ...
HSBC/Citi: taking over China wealth unit is easy win
HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...
Citigroup agrees to sell China consumer wealth unit to HSBC
Citigroup (NYSE:C) has agreed to sell its retail wealth management portfolio in mainland China to HSBC (LON:HSBA), the lender said in a statement on Monday.The transaction, which will cover total ...
Citigroup’s Big Business Revamp Continues: Sells China Onshore Consumer Wealth Portfolio To HSBC
Citigroup Inc C disclosed its plan to sell its onshore consumer wealth portfolio in China to HSBC Holdings Plc 's HSBC China division. The deal covers Citi's client base along with assets under ...
Crypto Market Insights: Bank Of International Settlements Work With Asian Central Banks Through Projects Mariana And Mandala
BIS announced Projects Mariana and Mandala with Asian central banks. UBS launched its tokenized VCC fund in Singapore. HKEX builds smart contract settlement platform.
Singdollar’s resilience will be tested as exports lose steam: Analysts
Even after a 2 per cent decline since the end of December, the currency has stayed near the top of the pack in Asia. However, it’s vulnerable to a drop in the rankings as Singapore’s economy loses ...
Singapore banks sharpen scrutiny after $2.8 billion money laundering scandal: Sources
Banks like OCBC and UOB are demanding more documents than usual in some cases to verify sources of wealth, sources said. Read more at straitstimes.com.
Singapore shares begin week lower as traders tread with caution, STI down 0.3%
LOCAL shares began the week in the red, as investors took in news of the Israeli conflict, the resultant impact on equities globally as well as rising uncertainty amid the start of the corporate earnings season.
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%). Singapore’s top bosses are continuing their investment in ESG, with over a third of CEOs (36%) changing the language they ...
Redefining Investments: KB53 Token’s Journey in Asia Begins
David Wegner said KB53 Token's strategic expansion into Asia marks a significant milestone in the world of real-world asset investment ...