StanChart Plans to Split Asia Into Singapore, Hong Kong Hubs

Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said. The bank has drawn up plans to ... ( read original story ...)

HSBC, ING Bank execute first blockchain transaction

KUALA LUMPUR (June 5): HSBC and ING Bank have successfully executed the first live trade finance transaction via blockchain for a shipment of soybeans from Argentina to Malaysia. The transaction was conducted via Cargill’s Geneva and Singapore ... ( read original story ...)

Singapore: DBS Group Holdings Ltd (DBSM:SI) Bearish Trend

Overall, the bias in prices is: Sideways. The projected upper bound is: 29.50. The projected lower bound is: 27.11. The projected closing price is: 28.31. A black body occurred (because prices closed lower than they opened). During the past 10 bars, there ... ( read original story ...)

Singapore Banks

CIMB Singapore bank is a part of Malaysian financial company CIMB Group, that offered a full range of personal and commercial banking services. Citibank Singapore is a part of the US-based global financial group Citigroup, the first American bank branch in ... ( read original story ...)

The Singapore Stock Market Today: Jawala Inc Makes Its Debut

Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI) finished Friday at 3,427.51, inching down slightly by 0.02%. Hutchison Port Hldg Trust (SGX: NS8U) lost the most ground among ... ( read original story ...)

Singapore’s PropNex Realty preparing to launch IPO: Sources

SINGAPORE (BLOOMBERG) PropNex Realty Pte, Singapore's biggest property broker, plans to seek about S$40 million from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalisation of ... ( read original story ...)