Business
JPMorgan faces record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes Germany’s financial watchdog BaFin has…
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Business
Business
JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes Germany’s financial watchdog BaFin has…
Business
CapitaLand Investment’s 9M revenue dips 25.5% to S$1.6 billion after CLAS deconsolidation
CapitaLand Investment reported a 25.5 per cent plunge in total revenue to about S$1.6 billion for the first nine months of 2025, from…
Business
UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and…
Business
California backs down on AI laws so more tech leaders don't flee the state
California’s tech companies, the epicenter of the state’s economy, sent politicians a loud message this year: Back down from restrictive…
Business
Singapore shares hit new high; STI up 1.5%
Across the broader market, advancers outnumber decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion change hands Local…
Business
China commercial vehicle maker Qingling Motors debuts in Singapore with the EQ2 heavy truck
Automotive group Motorway and Qingling Motors will officially launch an electric heavy vehicle (EHV), the Qingling EQ2, on Friday (Nov 7).…
Business
Corporate governance and culture must go hand in hand amid complex challenges: Sias
They are ‘two sides of the same coin’, says founder, president and CEO David Gerald As companies face increasingly complex challenges,…
Business
Maybank upgrades ESR Reit to ‘buy’ on positive developments
Maybank Securities has upgraded ESR Reit to “buy”, from “hold” previously – with a 50 per cent higher target price of S$3 – on the back of…
Business
Nissan returns to operating profit in Q2
Nissan booked 51.5 billion yen (S$437.4 million) in operating profit for July-September Nissan Motor swung back to an operating profit in…
Business
Chinese banks edge out global rivals in financing Boyu Capital’s Starbucks China deal: sources
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion Chinese…
Business
Maersk lifts full-year profit guidance range, posts Q3 profit above forecast
Shipping group AP Moller-Maersk on Thursday (Nov 6) reported third-quarter operating profit above expectations and raised the lower end of…
Business
Singtel jumps 4.9% to all-time high on talks to buy local data-centre firm
Singtel and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
Business
Singtel jumps 5.1% to all-time high on talks to buy local data-centre firm
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
Business
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global Data Centres for over S$5 billion…
Business
Australia’s NAB CEO says housing is greatest societal challenge as bank books A$7.09 billion profit
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market National Australia Bank (NAB) chief…
Business
Endowus to offer Avanda’s Singapore equity strategy on its platform
The strategy focuses on small and mid-cap opportunities, supporting MAS’ funding initiative Singapore-based wealth adviser Endowus will…
Business
KKR, Singtel seek to fully own Singapore data centre firm in US$3.9 billion deal
KKR & Co and Singapore Telecommunications are in advanced talks to buy more than 80 per cent of ST Telemedia Global Data Centres – which…
Business
Zalando Q3 Revenues Rise Rapidly on Back of About You Purchase
Revenues at Zalando, one of Europe’s largest online fashion retailing platforms, rose 26.5 percent over the third quarter and totaled 3.02…
Business
Malaysia's central bank holds key rate at 2.75%, as expected
Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by…
Business
Malaysia holds key rate as economy proves resilient to tariffs
MALAYSIA kept interest rates unchanged as the central bank remained confident that the economy can weather US tariffs without the rate…
Business
Commerzbank profit falls 7.9% in Q3, defying expectations for increase
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, said on Thursday (Nov 6) that net profit fell 7.9 per cent in…
Business
Commerzbank Q3 profit unexpectedly falls 8% as higher tax rates, costs weigh
Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9 per cent drop in third-quarter net…
Business
Clip of fire on Malaysian light rail generated with AI help
There have been no fires on the light rail transit (LRT) system in Malaysia's capital Kuala Lumpur in November, its operator said,…