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G20 finance chiefs back central bank independence in first communique since October

UOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans

RHB Bank’s Singapore unit key to regional growth plan, targets

HSBC disbands team focused on managing geopolitical risks

ECB may wait until December to make final rate cut: survey

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Blackstone’s ASK plans to hire 70 wealth bankers in India

The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealth

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NAB pays A$751,200 penalty on breaches of consumer data rights rules

AUSTRALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged breaches of...

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Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal

The bank is in the midst of a corporate cost-saving programme called “Fit for Growth” as it aims to return US$1.5 billion...

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Fed’s Powell says he expects to see more tariff-driven price hikes in coming months

Federal Reserve Chair Jerome Powell said on Wednesday goods price inflation will pick up over the course of the summer as...

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Fidelity, BlackRock target Chinese demand for offshore funds

Mainland investors, who have consistently contributed more than Hong Kong buyers, are increasingly drawn to overseas opportunities due to deflationary risks and...

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US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead

The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in...

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DBS and Austrade ink deal to help Australian companies expand in South-east Asia

This is the first such MOU between the trade agency and a Singapore bank

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UBS, Pictet report data leak after cyberattack on provider, client data unaffected

Files containing details of tens of thousands of UBS employees were stolen, report says

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DBS aims to double Australian lending book in 5 years

The bank has signed a pact with trade agency Austrade which will help it facilitate and finance more trade and investment between...

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UOB becomes direct participant in China’s cross-border clearing and settlement system

The bank can now provide cross-border renminbi clearing, settlement and payment services to other businesses and financial institutions

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