Lifestyle
Thai virtual bank race heats up as bidders outnumber permits
THAILAND’S virtual banking competition is heating up as applications exceeded the number of licences the central bank plans to grant. Bank of Thailand received five applications for virtual banking...
BNP Paribas to buy German private banking unit from HSBC
HSBC has been exploring the sale of various businesses in Europe’s largest economyBNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations...
Estate of Dyna-Mac’s founding shareholder says voluntary conditional cash offer not compelling
DYNA-MAC’S single-largest shareholder, the estate of founder Desmond Lim, said the voluntary conditional offer of S$0.60 a share by South Korean company Hanwha is not compelling.
On Monday (Sep...
Brokers’ take: OCBC downgrades Suntec Reit as funding costs continue to weigh
OCBC Investment Research has downgraded Suntec Real Estate Investment Trust (Reit) to “sell” as it expects marginal decline in financing costs in the near term. The research house believes...
China’s massive steel industry is facing a wave of bankruptcies
CHINA’S steel crisis is setting the stage for a wave of bankruptcies and speeding a much-needed consolidation of the industry, according to Bloomberg Intelligence (BI).Almost three-quarters of the country’s...
Watchdog takes aim at Australia’s supermarket duopoly
AUSTRALIA’S competition watchdog sued the country’s two biggest grocery chains on Monday, alleging “discount” offers on hundreds of staples were more expensive than original prices.The regulator said Woolworths and...
Gold prices hover near record highs on Fed’s aggressive rate stance
GOLD prices hovered near record highs on Monday (Sep 23), as traders embraced the momentum generated by the US Federal Reserve’s bold interest rate cut and signs that further...
Singapore shares open higher on Monday; STI up 0.1%
SINGAPORE shares began Monday (Sep 23) trading in positive territory, despite last week’s losses in global markets. As at 9.01 am, the Straits Times Index (STI) climbed 0.1 per cent...
