Weekly Global News Wrap: Global regulators ready to give more support; Investment firms to buy HSBC's French retail arm

30 Sep 2020 - Singapore Business Review
And Goldman Sachs reshuffles asset management and consumer wealth units. From Reuters Global banking regulators have said that they stand ready to offer more relief to lenders as a second wave of the pandemic and prolonged remote working test their resilience. The Basel Committee of banking regulators ...
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STI retreats 0.5% alongside muted trading in Asian markets

29 Sep 2020 - The Business Times
THE Straits Times Index (STI) fell alongside muted trading in other Asian markets on Tuesday, retreating 11.4 points or 0.46 per cent to finish at 2,471.61. In all, about 1.22 billion securities worth S$1.06 billion changed hands, with losers outnumbering gainers 244 to 178. The index's top loser was ...
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Singapore stocks fall at Tuesday's open; STI down 0.3%

22 Sep 2020 - The Business Times
SINGAPORE shares continued their fall on Tuesday following a regional rout on Monday driven largely by pockets of Covid-19 resurgence across the globe, particularly in Europe and the UK. The benchmark Straits Times Index (STI) lost about 0.3 per cent or 7.18 points to 2,478.53 as at 9.04am. Gainers and ...
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Daily Briefing: Singapore Life plans expansion after Aviva deal; Lightspeed opens Singapore office

18 Sep 2020 - Singapore Business Review
And PrimePartners, Fundnel commence trading on Hg Exchange. From Reuters: Singapore Life, an insurance platform which agreed a $2.71b (US$2b) deal for the Singapore business of insurer Aviva, plans to tap into Southeast Asia to expand more and will seek to list in the city-state, its founder and CEO ...
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Find out who won at the first virtual Malaysia Technology Excellence Awards

10 Sep 2020 - Singapore Business Review
More than 25 companies were hailed in this year’s digital presentation. The most outstanding Malaysian companies and startups were recognised at the second Malaysia Technology Excellence Awards 2020 held digitally on 10 September. The Technology Excellence Awards honoured enterprises that have remarkably ...
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SGX, HSBC, Temasek completes pilot digital bond for Olam International

1 Sep 2020 - Singapore Business Review
SGX successfully replicated a $400m 5.5-year public bond issue by Olam. Singapore Exchange (SGX), in collaboration with HSBC Singapore and state-run investment company Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, the bourse ...
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Swiss bank BCP alleges fraud in oil deal between ZenRock and China Aviation

19 Aug 2020 - Singapore Business Review
BCP issued a letter of credit to finance its purchase of about 260,000 barrels of gasoil from CAO. Banque de Commerce et de Placements SA, DIFC Branch, has sued China Aviation Oil (Singapore) over an alleged fraudulent deal as the Swiss bank seeks to reclaim the $25.91m ($19m) it paid to CAO for a cargo, ...
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Ascendas Reit launches $7b Euro medium term securities programme

12 Aug 2020 - Singapore Business Review
It will finance or refinance the trust’s acquisitions and/or investments. Ascendas Reit has established a $7b Euro medium term securities programme (EMTN programme), an SGX filing revealed. HSBC was appointed as the issuer of the programme, whilst OCBC is the sole arranger and dealer. The net proceeds ...
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STI sheds 0.05% amid GDP plunge

11 Aug 2020 - The Business Times
THE Straits Times Index (STI) ended the first trading day of the week in negative territory, shedding 1.36 points or 0.05 per cent to close at 2,544.15 as investor optimism waned after the state reported its worst economic performance for the second quarter. Forecasters from the Ministry of Trade and ...
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AA REIT to acquire site at Jurong Innovation District for $129.6m

11 Aug 2020 - Singapore Business Review
Upon completion, rental contribution from master leases is slated to rise from 30.3% to 36.4%. AIMS APAC REIT (AA REIT) has entered a put and call option agreement to acquire a logistics facility at 7 Bulim Street for $129.6m from Titan (Wenya), a press release revealed. HSBC Institutional Trust Services ...
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