Citi sees $20 billion Asia wealth inflow after hiring hundreds in S’pore, Hong Kong
HONG KONG (BLOOMBERG) - Citigroup attracted close to US$15 billion (S$20 billion) in net new money across its Asia-Pacific wealth management...
Business
As Fed tiptoes around tapering, investors look to August meeting for clarity
NEW YORK (REUTERS) - Investors looking for clear guidelines on when the United States Federal Reserve will begin tapering its...
Record $6.65 billion raised in South-east Asia IPOs in first half of 2021
SINGAPORE (THE BUSINESS TIMES) - Companies in South-east Asia raised a record US$4.9 billion (S$6.65 billion) through initial public offerings...
Facebook doubles profit, but sees cooling growth from regulatory actions
SAN FRANCISCO (AFP) - Facebook on Wednesday (July 28) reported its profit doubled in the recently ended quarter as digital...
Samsung forecasts strong chip demand as Q2 profit jumps
SEOUL (REUTERS) - The world’s top maker of memory chips and smartphones posted a 54 per cent jump in operating profit...
Singapore banks’ shares surge after MAS lifts dividend cap; higher payouts expected
SINGAPORE - Shares of Singapore's three listed banks rose strongly on Thursday (July 29) after the Monetary Authority of Singapore...
Here’s how China cracked down on its biggest companies
BEIJING (AFP) - With market-trembling new rules and investigations, Beijing's crackdown on its most prominent companies has seeped into nearly...
China stocks rally as Beijing intensifies effort to calm market
HONG KONG (BLOOMBERG) - Stocks in China and Hong Kong jumped on Thursday (July 29), after authorities intensified efforts to calm...
Robinhood, gateway to ‘meme’ stocks, raises $2.85 billion in IPO
NEW YORK (REUTERS) - Robinhood Markets, the owner of the trading app which emerged as the go-to destination for retail...
Keppel divests stake in Chengdu real estate firm for $324 million
SINGAPORE (THE BUSINESS TIMES) - Keppel Land China will divest 100 per cent of its equity interest in Chengdu Shengshi...