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US judge dismisses lawsuit against Danske Bank over money laundering scandal

NEW YORK: A U.S. judge on Monday dismissed a lawsuit accusing Denmark's Danske Bank A/S and four former top executives of defrauding shareholders by hiding and failing to stop widespread money laundering at its former Estonian branch. U.S. District Judge Valerie Caproni in Manhattan said ...

Markets

Commentary: Language barriers block businesses off from Indonesia

Regulations mandating the use of Bahasa Indonesia in business are souring the appetite of international investors, says an observer.

Markets

Commentary: Singapore’s CBD needs to redevelop to stay relevant in a post-COVID world

If occupier demand for office spaces weakens, we may see more building owners bringing forward redevelopment plans for their properties, says Karamjit Singh.

Markets

Salesforce to replace Exxon in Dow Jones Industrial Average index next week

Salesforce.com Inc , Amgen Inc and Honeywell International Inc will become a part of the blue-chip Dow Jones Industrial Average index on Aug. 31, S&P Dow Jones Indices said on Monday.

Markets

Singapore currency to stay strong until 2021 on broad USD weakness

THE Singdollar is likely to continue strengthening till next year amid a broad weakness of the greenback, in particular against the Chinese currency.

Markets

LVMH and Tiffany push back deal deadline by three months: source

French luxury goods giant LVMH and U.S. jewellery chain Tiffany will give themselves another three months to complete their US$16.2 billion tie-up after the deal did not close on the Aug. 24 date set out in deal documents, a source familiar with the discussions said.

Markets

Automakers urge FTC to seek appeal after defeat in Qualcomm case

A group of tech companies and automakers including Ford Motor Co , Honda Motor Co Ltd and Daimler AG on Monday urged the U.S. Federal Trade Commission to seek an appeal after its loss in a case against chip supplier Qualcomm Inc .

Markets

Facebook blocks group of one million critical of Thai monarchy amid government pressure

Facebook on Monday blocked access within Thailand to a group with 1 million members that discusses the country's king, after the Thai government threatened legal action over failure to take down content deemed defamatory to the monarchy.

Markets

Zoom says service restored after U.S. users hit by partial outage

Video-conferencing company Zoom Video Communications Inc said on Monday (Aug 24) it had restored service to its US users after a partial outage left many unable to log in to work meetings or attend school classes remotely.

Markets

TikTok, saying it had ‘no choice,’ sues Trump over threatened US ban

TikTok said on Monday that "we simply have no choice" but to sue the Trump administration over US President Donald Trump's executive order banning transactions in the United States with the popular short-form video-sharing app.

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