News
UBS to pay US$125 million in fines over anti-money laundering violations
This is the largest-ever fine against a broker-dealer for Bank Secrecy Act violationsPublished Tue, Aug 4, 2026 · 12:17 AMUBS Financial Services (UBSFS), a subsidiary of UBS Group, has...
Great Eastern’s big rally – activist investors can be crucial part of market ecosystem
MAS and SGX should seek to make responsible shareholder activism more culturally acceptable in the local market[SINGAPORE] Some shareholders of Great Eastern (GEH) who resisted OCBC’s attempt to fully...
New York City spared downgrade by Fitch and Moody’s, for now
Published Sat, Aug 1, 2026 · 10:13 AM[NEW YORK] New York City avoided a debt downgrade on Friday (Jul 31) by two major credit-rating companies, though both warned the...
OUE to book H1 FY2026 net loss on associate losses, impairment charge
It owns 29.07% of an investee company which has been hit by the slowdown of the property market in China[SINGAPORE] OUE is expected to book a net loss for...
Wall St opens higher as Microsoft’s results temper some AI jitters
Published Thu, Jul 30, 2026 · 09:44 PM[NEW YORK] US stocks opened higher on Thursday (Jul 30) as Microsoft’s forecast-beating results soothed investor concerns about massive AI spending by...
Ferrari has already hit 2026 sales target for Luce EV
Published Wed, Jul 29, 2026 · 11:20 PM[ROME] Ferrari has hit its annual sales target for its first-ever electric vehicle on the back of strong demand from China, the...
ST Engineering unit bags S$840 million contract for Taiwanese rail line
The project is expected to start in Q4 this year and will be delivered over eight years[SINGAPORE] The urban solutions business of ST Engineering has secured an S$840 million...
Porsche to shed 5,000 jobs by 2035 under German factory pact
Published Mon, Jul 27, 2026 · 11:27 PM[STUTTGART] Porsche agreed to eliminate 5,000 jobs by 2035 as part of a deal with labour officials that protects its main German...
Dunearn House sells 56% of 380 units at average of S$3,140 psf at launch
[SINGAPORE] New residential project Dunearn House, a Frasers Property-led development in the upcoming Turf City precinct, sold 56 per cent of its 380 units at its weekend launch, with...
China fines Trip.com US$765 million for abusing market dominance
Published Sat, Jul 25, 2026 · 02:35 PM[BEIJING] Chinese regulators fined Trip.com Group 5.18 billion yuan (US$765 million), concluding that the country’s largest travel booking platform abused its market...
