SINGAPORE: Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup’s ... ( read original story ...)
US FX Report: No currency manipulators so far – UOB
Senior Economist at UOB Group Alvin Liew reviews the latest US FX Report for the month of April. Key Quotes “Under the Biden administration and US Treasury Secretary Yellen, the ... ( read original story ...)
Competition from Digital Rivals Manageable for Singapore Banks
Fitch Ratings believes disclosures made by Singapore’s Grab Holdings as part of its planned US listing via a spec ... ( read original story ...)
Businessman in one of Singapore’s largest fraud cases faces five new cheating charges involving S$8.8m
The former managing director of commodities trader Envy Global Trading, who is alleged to be behind one of the largest financial fraud cases here, was charged yesterday with five more cheating ... ( read original story ...)
Singapore Bourse May Take Additional Damage On Wednesday
The Singapore stock market on Tuesday snapped the three-day winning streak in which it had risen almost 35 points or 1.1 percent. The Straits Times Index now rests just above the 3,190-point plateau ... ( read original story ...)
P72.45-B Monde Nissin IPO gets SEC nod
The Securities and Exchange Commission (SEC) has cleared the P72.45-billion initial public offering (IPO) planned by food manufacturing giant Monde Nissin Corp., paving the way for what could be the ... ( read original story ...)
Indonesian gold miner Archi postpones $500 million IPO
The gold miner, a unit of Indonesian conglomerate Rajawali Group, made the decision after gauging demand for the Jakarta IPO last month ... ( read original story ...)
GLOBAL: Standard Chartered signs up to the Poseidon Principles
Bunkerspot provides news, in-depth analysis, expert comment and price indications for the global marine fuels industry ... ( read original story ...)
DBS, StanChart Weigh Bids As Citi Retreats From Asia Consumer Business: Report
The businesses Citi is exiting had $82 billion in assets and were allocated $7 billion in tangible common equity last year. ( read original story ...)
Singapore’s DBS to buy 13% stake in Chinese bank SZRCB for US$814 million
SINGAPORE: DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ... ( read original story ...)
Singapore’s DBS to buy stake in bank in China’s tech hub
Singapore's biggest bank will buy a 13% stake in Shenzhen Rural Commercial Bank Corp for S$1.1 billion, joining global competitors pushing into China as the country opens its financial market. DUBAI ... ( read original story ...)
Singapore’s DBS Bank to acquire 13 pct stake in Shenzhen Rural Commercial Bank
Singapore-headquartered DBS Group Holdings Ltd (DBS Group) announced on Tuesday that its wholly-owned subsidiary, DBS Bank Ltd (DBS Bank), has entered into an agreement to subscribe for a 13 percent ... ( read original story ...)
Singapore’s DBS Bank buys 13% in Shenzhen Rural Commercial Bank for $814m
DBS, which will become the bank's largest shareholder, claims the investment will accelerate its expansion in the Greater Bay Area. ( read original story ...)
DBS buys 13 per cent stake in Shenzhen Rural Commercial Bank for US$814 million as it ‘doubles down’ on bay area
Investment in Shenzhen Rural Commercial Bank positions Singapore’s biggest bank to increase its presence in the Greater Bay Area. ( read original story ...)
Exclusive-DBS, StanChart weigh bids as Citi retreats From Asia Consumer Business
Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the ... ( read original story ...)
UPDATE 1-Singapore’s DBS to buy 13% stake in Chinese bank SZRCB for $814 mln
DBS Group has agreed to buy a 13% stake in privately-owned Shenzhen Rural Commercial Bank Corp (SZRCB) for 5.29 billion yuan ($814.3 million), marking the Southeast Asian lender's biggest acquisition ... ( read original story ...)