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China’s record mergers in 57 trillion yuan small banking sector raise future risks
[ad_1] CHINA oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s efforts to tackle risks in the small...
South Korea’s Mint halts gold bar sales as supply tightens
[ad_1] SOUTH Korea’s Mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals.The Korea Minting and Security Printing said it’s...
Alibaba’s shares soar after investors buy iPhone AI hopes
[ad_1] ALIBABA Group Holding’s stock surged as much as 8.6 per cent after the Information reported that Apple is working with the e-commerce pioneer to roll out artificial intelligence (AI)...
Australia’s CBA first-half profit beats estimates on strong asset quality, lending volume growth
[ad_1] COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower provisions for bad debts offset higher technology costs.Shares of...
Gold falls as traders hunker down for US inflation print
[ad_1] GOLD eased on Wednesday (Feb 12), after hitting an all-time high in the previous session on global trade war fears triggered by US President Donald Trump’s new tariffs, as...
Singapore shares rise at Wednesday’s open; STI up 0.5%
[ad_1] SINGAPORE shares began Wednesday (Feb 12) trading in positive territory as markets abroad logged mixed results. As at 9.01 am, the Straits Times Index (STI) was up 0.5 per cent...
Cordlife group CEO resigns, search for replacement ongoing
[ad_1] PRIVATE cord-blood bank Cordlife’s group chief executive officer Yiu Pang Fai, 35, has tendered his resignation “to pursue other opportunities” and its board of directors has accepted his decision. His...
Stocks to watch: SGX, FEHT, Wing Tai, PropNex, First Reit, QAF, Cordlife
[ad_1] THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 12).
Singapore Exchange (SGX): The total securities market turnover value on the SGX...
Hong Kong’s latest bubble tea IPO mints another billionaire
[ad_1] CHINA’S insatiable appetite for bubble tea has spawned another billionaire.Guming Holdings’ US$233 million Hong Kong initial public offering (IPO) bolstered the value of the stake owned by its millennial...
JPMorgan adds buy-now, pay-later provider Klarna to its payments platform
[ad_1] JPMORGAN Chase’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later (BNPL) options for its merchants.JPMorgan Payments will provide some 900,000 businesses the ability...
Charles Schwab expands 24-hour trading to all its retail clients
[ad_1] CHARLES Schwab is expanding overnight trading to all of its retail clients as it seeks to capture demand from investors piling into US stocks amid elevated prices.Schwab’s retail clients...
Listed companies can dial down on diversity; profits, financial prudence, shareholder treatment matter more
[ad_1] LIVING in multi-racial, multi-religious Singapore – where people hail from diverse nationalities and many are foreign-born – is fun. One can celebrate various festive occasions, learn about disparate cultures...