Posts by Nathan Pine
UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources
[ad_1] The Zurich-based lender is using Deloitte and KPMG to help screen client documentation [SINGAPORE] UBS Group is increasing scrutiny of the sources of client money in its fast-growing Asian wealth hubs, pressing some customers into greater disclosures as the Swiss bank seeks to stamp out the risk of further clashes with regulators. The Zurich-based…
Read MoreDBS, Banque Saudi Fransi join forces to boost payment flows across Asia, GCC
[ad_1] The partnership will boost GCC trade, finance and currency-clearing collaboration across the region [SINGAPORE] DBS Group, the largest bank in South-east Asia, said on Thursday (Oct 16) that it has partnered with Riyadh-based Banque Saudi Fransi (BSF) to strengthen trade finance and payment flows between Asia and Saudi Arabia. The partnership, aimed at capitalising…
Read MoreHow Kate Cassidy Has Coped Since Liam Payne’s Death a Year Ago
[ad_1] In the last text Kate Cassidy sent to Liam Payne, she wrote that she couldn't wait for him to "get home and see the house," the influencer having put up Halloween decorations after returning early… [ad_2] Source link
Read MoreCLI’s self-storage unit invests close to S$100 million in Singapore flagship project, 3 Tokyo facilities
[ad_1] When completed, the local facility will expand ESA’s portfolio in the Republic to 13 properties with more than 1.5 million sq ft of gross floor area [SINGAPORE] Extra Space Asia (ESA), the self-storage platform managed by real asset manager CapitaLand Investment (CLI), is investing close to S$100 million into its flagship Singapore development and…
Read MoreTSMC ADR premium tops two-decade high as global buyers pile in
[ad_1] [HONG KONG] Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Company (TSMC) ahead of its earnings, confident that the world’s leading chip foundry will remain one of the biggest winners from the artificial intelligence (AI) spending boom. Its American depositary receipts (ADRs) are trading at the highest premium to its Taipei shares…
Read MoreAuditor for Dasmond Koh’s NoonTalk Media flags firm’s ability to continue as a going concern amid losses
[ad_1] The group incurs a net loss of nearly S$1.8 million and has net liabilities of S$396,000 [SINGAPORE] The independent auditor for Catalist-listed NoonTalk Media has raised doubts about the group’s ability to continue as a going concern, citing net liabilities and substantial losses for the financial year ended Jun 30. In an announcement on…
Read MoreAsia: Stocks rise as traders weigh China-US row, rate cut hopes
[ad_1] ASIAN equities edged up on Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year. Markets have been in flux this week since US President Donald Trump fanned the embers in his tariff row with Beijing on Friday, threatening…
Read MoreUS weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
[ad_1] The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral [WASHINGTON] The US took steps to block one of Hong Kong’s largest phone companies from accessing domestic telecom networks, citing national security concerns, a move that intensifies the fallout on the city’s tycoon Li…
Read MoreGold hits record high as investors turn to safe haven
[ad_1] Investors anticipate a near-certain 25-basis-point rate cut at this month’s US Federal Reserve meeting, followed by another in December [BENGALURU] Gold hit a record high on Thursday (Oct 16) as investors sought refuge in the metal amid persistent geopolitical and economic uncertainties, with expectations of US rate cuts and a weaker US dollar adding…
Read MoreTrump says Modi has assured him India will not buy Russian oil
[ad_1] [WASHINGTON] US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues. India and China are the two top buyers of Russian…
Read MoreUK’s Reeves should go big on tax increases in November, think tank says
[ad_1] [LONDON] British finance minister Rachel Reeves should raise taxes by a lot in next month’s budget to exit the “Groundhog Day scenario” of continuously having to find measures to patch up the public finances, a think tank said on Thursday. The Institute for Fiscal Studies urged Reeves to stop giving herself only minimal headroom…
Read MoreDiane Keaton’s Cause Of Death Revealed By Family
[ad_1] Days after Diane Keaton’s death at 79, her family is now revealing the cause. In a statement to People, the Oscar-winning actress’s family said she died of pneumonia. “The Keaton family are very grateful for the extraordinary messages of love and support they have received these past few days on behalf of their beloved…
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