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Fugitive tycoon behind HHSC’s shady fundraising network held in Bali

THE fugitive Chinese businessman behind Shanghai HHSC Capital Management, an insolvent investment firm that left a 30 billion yuan (S$5.5 billion) financial...
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ECB is set to deepen global easing with rate cut it didn’t expect

THE European Central Bank (ECB) will probably advance the global push for monetary easing in the coming week with an interest-rate cut...
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Dollar pauses for breath after US data, eyes on French and British economies

The dollar paused near a two-month high against a basket of peers on Friday (Oct 11), as traders digested the latest inflation...
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Wells Fargo’s profit falls on lower interest income

WELLS Fargo’s profit fell in the third quarter as the bank’s interest income was squeezed by subdued loan demand and higher payments...
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Wells Fargo profit beats forecasts as provisions shrink, shares rise

WELLS Fargo’s profit beat analysts’ expectations in the third quarter, helped by resilience in wealth management and lower provisions for credit losses,...
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JPMorgan profit drops on bigger provisions for loan losses

JPMORGAN Chase’s profit dropped in the third quarter as it built up provisions for potential loan defaults, the bank said on Friday...
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JPMorgan profit drops as it sets aside bigger provisions, but interest income climbs

JPMORGAN Chase’s third-quarter profit dropped as it set aside more money to cover potential loan defaults, while rising interest payments and investment...
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BlackRock hits US$11.5 trillion of assets as private markets grow

BLACKROCK pulled in US$160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to...
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UOB launches career transition initiative, to reskill up to 500 employees

FROM the fourth quarter of 2024, up to 500 UOB employees in operations and administrative roles will be selected over the next...
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Japan to suspend Nomura from bond group after manipulation

JAPAN’S Ministry of Finance plans to temporarily exclude Nomura Holdings from taking part in government debt auctions after the firm admitted to...
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