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Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources

If the deal goes through, it could potentially be the largest in India’s banking sector, where deal-making, especially involving foreign entities, is...

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China keeps lending benchmarks unchanged; economic weakness tests policymakers

CHINA left its lending benchmarks unchanged on Thursday (Jul 20), after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery called for more stimulus.

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Standard Chartered boosts 2024 Bitcoin forecast to US$120,000

THE value of top cryptocurrency Bitcoin could reach US$50,000 this year and US$120,000 by the end of 2024 Standard Chartered said on Monday (Jul 10), predicting that the recent jump in its price could encourage Bitcoin “miners” to hoard more of the supply.

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Bitcoin ETF trades top US$4.6 billion in ‘ground-breaking’ day

THE first US exchange-traded funds (ETFs) that directly hold Bitcoin got off to a strong start, with billions of US dollars changing hands in a historical first day of trading for the long-sought investment vehicles.

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Schwab leaders say firm can weather storm after deposit drop

CHARLES Schwab executives said the firm can withstand the turmoil roiling US banks, while pausing stock buybacks in response to the industry’s worst crisis since 2008.

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Chew’s Agriculture signs 10-year S$27m sustainability-linked loan with DBS

EGG producer Chew’s Agriculture has signed a 10-year, S$27 million sustainability-linked loan with DBS Bank, to construct a new farm with larger cage-free facilities.

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Singapore is top Asean destination for companies looking to expand footprint in next 2 years: HSBC survey

MORE than a third of international firms with an in-market presence say they will prioritise their growth in Singapore over the next two years, according to the findings of a new survey by HSBC released on Wednesday (Sep 6).

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Asia healthcare assets risk overvaluation as private investors scoop them up

Macroeconomic uncertainty among reasons driving PE investors to buy up more assets in the segment, long viewed as defensive

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China’s answer to World Bank could open Singapore, HK offices: sources

It would be its biggest expansion since beginning operations in Beijing almost a decade ago

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Ontario pension set to shut Hong Kong office in China retreat

Some Hong Kong-based employees will be offered the opportunity to transfer to Singapore, while others will leave the firm, according to Madge

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