Culture
Anthony Law, PropNex Realty salesperson refute allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania[SINGAPORE] Anthony Law Corp, which has been sued by a...
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO[MUMBAI] Meesho’s US$604 million initial public offering was fully subscribed the first day...
Asian exchanges play key role in providing global investors with diversification: SGX chief
Loh Boon Chye expects product innovation for derivatives to move towards multi-jurisdictional operations[SINGAPORE] The chief executive officer of the Singapore Exchange (SGX) on Wednesday (Dec 3) cited the dual-listing...
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks[LONDON] Banks could give investors a clearer view on how they manage risks, such...
Airbus cuts 2025 delivery target after issues with top-selling jet
[PARIS] Airbus cut its 2025 delivery target to around 790 commercial aircraft on Wednesday (Dec 3), 30 fewer than previously expected, but maintained financial goals following a quality issue...
Singapore’s benchmark STI rises for the sixth day, up 0.4%
Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted[SINGAPORE] Singapore shares rose on Wednesday (Dec 3),...
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model[SINGAPORE] The International Accounting Standards Board (IASB) on Wednesday (Dec 3) proposed new rules to...
China’s LandSpace fails to complete reusable rocket test
The rocket was not able to complete a controlled landing following an initial launch[BEIJING] The maiden test of LandSpace’s next-generation Zhuque-3 rocket ended in failure on Wednesday (Dec 3),...
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates[LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis,...
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
[SINGAPORE] Cordlife Group is facing claims of at least S$5.45 million in damages from clients who stored 109 cord blood units (CBUs) with the company.In a bourse filing on...
