Leadership
Cathay out from government shadow as Covid loan set to be repaid
Although travel is booming and plane seats are mostly full, passenger traffic at Cathay still is not back to what it was before the pandemicHONG Kong’s Cathay Pacific Airways...
DBS fined by Hong Kong for violating anti-money laundering rules
DBS Group Holdings was fined HK$10 million (S$1.72 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.The disciplinary action follows an investigation...
Foxconn Q2 revenue beats market forecast on AI server demand
Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, posted on Friday (Jul 5) better-than-expected quarterly revenue on AI server demand, and forecast continued growth...
UK election brings few hopes or fears to cautious City of London
THE UK financial sector is warming to Labour’s pro-business overtures and pledges to provide stability and support, but many in the City remain wary it could be targeted to...
Pound steady as UK’s Labour heads for landslide; Singapore stocks with British portfolios mixed
THE sterling pound strengthened slightly on Friday morning (Jul 5) as the Labour party headed for a resounding landslide in the United Kingdom general election. The British currency was...
Apac investment banking fees down 25% to US$9.3 billion in H1 2024: LSEG
THE Asia-Pacific region, excluding Japan, recorded a 25 per cent year-on-year decline in investment banking (IB) fees to US$9.3 billion in the first half of 2024. This was the...
China’s PBOC readies multibillion-yuan pool of bonds to sell by tapping major banks
CHINA’S central bank took the next step towards selling government bonds to cool a record-breaking rally, saying it now has “hundreds of billions” of yuan of the securities at...
Ho Bee Land prices S$160 million in green notes due 2029 at 4.35%
HO BEE Land priced S$160 million in fixed-rate green notes due 2029 at 4.35 per cent, it said on Friday (Jul 5).The notes fall under the real estate group’s...
