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Markets

HSBC Private Banking in Singapore hires ex-Credit Suisse banker for ultra high net worth unit

HSBC Private Banking has made another senior hire for its new ultra high net worth unit focused on serving super rich families in Asia, following two senior hires in March.

Markets

Apple adds Foxconn, chip suppliers to clean energy program

Apple Inc said on Thursday it has nearly doubled the number of suppliers using only clean energy for production work, including two that assemble and make the processor chips for the iPhone.

Markets

Chinese employees stole corporate secrets from ASML: Dutch newspaper FD

Chinese employees stole corporate secrets from Dutch semi-conductor equipment maker ASML resulting in hundreds of millions of euros (dollars) in losses, leading Dutch financial newspaper Financieele Dagblad reported on Thursday.

Markets

Growth woes, trade tension douse rally in Asian shares

Asian stocks held near eight-month highs on Thursday and the dollar slipped again on expectations global interest rates will stay lower for longer after a dovish turn by the European Central Bank and milder than expected U.S. inflation.

Markets

‘Chinese spies’ stole secrets from chip equipment maker ASML: Dutch newspaper FD

Chinese employees stole corporate secrets from Dutch semi-conductor equipment maker ASML resulting in hundreds of millions of euros (dollars) in losses, leading Dutch financial newspaper Financieele Dagblad reported on Thursday.

Markets

How to say the ‘R-word’: bank executives grapple with recession talk

Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters.

Markets

NTUC Income, China’s ZA Tech join hands to develop innovative digital insurance products

INSURER NTUC Income has partnered ZA Tech Global Limited to develop digital innovations and product launches in Singapore, starting with a lifestyle insurance product catering to the tourism sector.

Markets

Singapore fintech Smartkarma in tie-up with US brokerage Interactive Brokers

SINGAPORE-BASED fintech Smartkarma will integrate its technology with major US brokerage Interactive Brokers, it said in a media release.

Markets

Hyflux has until Apr 25 to indicate if it needs more time to keep creditors at bay

SINGAPORE: With a crucial rescue plan aborted just weeks before its court-approved debt moratorium expires, Hyflux will have until Apr 25 to indicate if it needs more time to keep creditors at bay. However, the beleaguered water treatment firm will need to put together “something fairly ...

Markets

Volkswagen eyes big stake in China partner JAC, taps Goldman: sources

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.

Markets

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