Real Estate
DBS unit fined in Hong Kong for anti-money laundering breach
DBS Group Holdings’ Hong Kong unit was fined HK$10 million (S$1.7 million) by the city’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.The disciplinary action...
Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
CHINESE tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for...
Singapore refinery sale, Dutch plant delay to cost Shell US$2 billion in impairment
SHELL expects as much as US$2 billion of impairments in its second-quarter earnings related to a delayed biofuels plant under construction in the Netherlands and its chemicals facility in...
Chery launches 28,000 euro crossover SUV in Italy as it plans Europe expansion
CHINA’S Chery Auto is starting sales in Italy with a petrol version of its Omoda 5 crossover SUV, priced from 27,900 euros (S$40,731), as the automaker assesses its options...
SGX securities turnover value declines in June as volumes fall 19%
TOTAL securities market turnover value on the Singapore Exchange (SGX) shed 11 per cent to S$21.1 billion in June compared with the same period a year ago.
This came...
Pound steady as UK’s Labour bags landslide win; Singapore stocks with British portfolios mixed
THE sterling pound strengthened slightly on Friday afternoon (Jul 5) as The Labour Party swept to a resounding victory in the United Kingdom general election. The British currency was...
Bitcoin drops for fourth day even as global stocks hit records
BITCOIN sank for a fourth consecutive trading session, part of a wider crypto sell-off that contrasts with recent record highs in global stocks.The digital asset shed 2.5 per cent...
Samsung flags better-than-expected rise in second-quarter profit as chip prices jump
SAMSUNG Electronics estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a...
