https://www.businesstimes.com.sg/ THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times. en-US https://www.businesstimes.com.sg/favicon.ico https://www.businesstimes.com.sg/ 32 32 https://www.businesstimes.com.sg/companies-markets/banking-finance/goldman-sachs-shatters-dealmaking-records-us1-trillion-first-half-m-volume Wed, 17 Jun 2026 01:43:05 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/goldman-sachs-shatters-dealmaking-records-us1-trillion-first-half-m-volume The figure comes on the back of the investment bank managing SpaceX’s landmark IPO https://www.businesstimes.com.sg/companies-markets/banking-finance/hsbc-google-ai-partnership-set-add-over-us100-million-gains Wed, 17 Jun 2026 00:45:10 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hsbc-google-ai-partnership-set-add-over-us100-million-gains The multiyear partnership will enable more than 200 new AI use cases at the bank over the next two years https://www.businesstimes.com.sg/companies-markets/banking-finance/gic-nears-deal-offload-us2-billion-private-credit-stakes Wed, 17 Jun 2026 00:06:35 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/gic-nears-deal-offload-us2-billion-private-credit-stakes Institutional investors are utilising the secondary market more frequently to rebalance their portfolios https://www.businesstimes.com.sg/companies-markets/banking-finance/binance-set-lose-eu-licence-bid-permission-offer-services-bloc-sources Tue, 16 Jun 2026 13:43:08 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/binance-set-lose-eu-licence-bid-permission-offer-services-bloc-sources The company believes it has met the relevant requirements to be MiCA authorised, a spokesperson said https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/china-signs-26-financial-institutions-digital-yuan-cross-border-payment-platform Tue, 16 Jun 2026 12:29:44 +0000 Capital Markets & Currencies Banking & Finance Companies & Markets /companies-markets/capital-markets-currencies/china-signs-26-financial-institutions-digital-yuan-cross-border-payment-platform It supports 24-hour digital payment links with foreign central banks and overseas financial institutions https://www.businesstimes.com.sg/companies-markets/banking-finance/germany-rejects-unicredits-39-billion-euro-commerzbank-offer Tue, 16 Jun 2026 08:45:19 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/germany-rejects-unicredits-39-billion-euro-commerzbank-offer The government backs the bank’s independence and opposes the Italian lender’s ‘aggressive approach’  https://www.businesstimes.com.sg/companies-markets/banking-finance/more-central-banks-increasing-domestic-gold-storage-diversifying-overseas-vaulting-survey Tue, 16 Jun 2026 06:35:39 +0000 Benicia Tan Banking & Finance Companies & Markets /companies-markets/banking-finance/more-central-banks-increasing-domestic-gold-storage-diversifying-overseas-vaulting-survey The World Gold Council says 93% of respondents reported already holding the metal, up from 81% last year https://www.businesstimes.com.sg/companies-markets/banking-finance/kpmg-scandal-deepens-big-four-accounting-firms-woes-australia Tue, 16 Jun 2026 06:15:46 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/kpmg-scandal-deepens-big-four-accounting-firms-woes-australia Latest controversy will likely accelerate sector decline, analysts say https://www.businesstimes.com.sg/international/australias-central-bank-warns-rate-hikes-might-not-be-over-after-holding-fire Tue, 16 Jun 2026 05:46:30 +0000 International Banking & Finance Companies & Markets /international/australias-central-bank-warns-rate-hikes-might-not-be-over-after-holding-fire The RBA has already raised rates by 75 basis points since February https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-raises-interest-rates-31-year-high-widely-expected-move Tue, 16 Jun 2026 03:39:56 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-japan-raises-interest-rates-31-year-high-widely-expected-move The central bank decides to raise its short-term policy rate to 1% from 0.75% by a 7-1 vote https://www.businesstimes.com.sg/companies-markets/banking-finance/aia-prudential-create-senior-roles-hong-kong-wealthy-china-clients Tue, 16 Jun 2026 02:36:17 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/aia-prudential-create-senior-roles-hong-kong-wealthy-china-clients The firms are catching up with early movers that have recently been logging record premiums https://www.businesstimes.com.sg/companies-markets/banking-finance/blackrock-sheds-another-200-jobs-adopting-regular-cycle-cuts Mon, 15 Jun 2026 23:47:56 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/blackrock-sheds-another-200-jobs-adopting-regular-cycle-cuts The company is eliminating just under 1% of its workforce https://www.businesstimes.com.sg/singapore/allianzs-reported-hsbc-life-bid-reflects-race-scale-singapores-competitive-life-insurance-sector Mon, 15 Jun 2026 12:14:26 +0000 Ranamita Chakraborty Singapore Banking & Finance Companies & Markets /singapore/allianzs-reported-hsbc-life-bid-reflects-race-scale-singapores-competitive-life-insurance-sector HSBC has reportedly shortlisted Allianz, Sumitomo Life Insurance and Dai-ichi Life Holdings as bidders for the Singapore insurance unit https://www.businesstimes.com.sg/companies-markets/banking-finance/billionaire-partners-group-founder-moves-split-family-office Mon, 15 Jun 2026 09:22:10 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/billionaire-partners-group-founder-moves-split-family-office Wietlisbach is seeking independence over individual investments, sources said https://www.businesstimes.com.sg/companies-markets/banking-finance/scandal-hit-kpmg-australia-will-not-bid-new-federal-work-until-end-september Mon, 15 Jun 2026 09:07:49 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/scandal-hit-kpmg-australia-will-not-bid-new-federal-work-until-end-september State and federal agencies are reviewing their current contracts, private sector clients have also cut ties https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-insurance-regulator-vows-crackdown-rule-breakers Mon, 15 Jun 2026 07:30:59 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hong-kong-insurance-regulator-vows-crackdown-rule-breakers This includes companies that evade recent curbs on broker fees and policy rates https://www.businesstimes.com.sg/companies-markets/banking-finance/australias-asx-admits-misleading-software-upgrade-agrees-20-5-million-penalty Mon, 15 Jun 2026 07:02:43 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/australias-asx-admits-misleading-software-upgrade-agrees-20-5-million-penalty It will also pay A$3 million towards ASIC’s costs in addition to the penalty https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asia-hedge-funds-notch-triple-digit-gains-ai-led-rally Mon, 15 Jun 2026 03:42:07 +0000 Capital Markets & Currencies Banking & Finance Companies & Markets /companies-markets/capital-markets-currencies/asia-hedge-funds-notch-triple-digit-gains-ai-led-rally Regional stock indexes hit record highs as AI demand and supply constraints drive gains https://www.businesstimes.com.sg/companies-markets/banking-finance/top-banks-rush-fill-chief-ai-roles-talent-jumps-rivals Mon, 15 Jun 2026 03:22:59 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/top-banks-rush-fill-chief-ai-roles-talent-jumps-rivals The jobs can command salaries of nearly US$3.5 million per year https://www.businesstimes.com.sg/international/us-feds-kevin-warsh-caught-between-trump-and-bond-market-betting-rate-hikes Mon, 15 Jun 2026 03:16:28 +0000 International Banking & Finance Companies & Markets /international/us-feds-kevin-warsh-caught-between-trump-and-bond-market-betting-rate-hikes Inflation is roaring back at the fastest pace in three years https://www.businesstimes.com.sg/companies-markets/banking-finance/jack-ma-backed-ant-group-set-high-stakes-overhaul-billion-user-alipay Mon, 15 Jun 2026 01:51:22 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/jack-ma-backed-ant-group-set-high-stakes-overhaul-billion-user-alipay The company’s impending update reflects a broader trend sweeping the AI arena https://www.businesstimes.com.sg/companies-markets/banking-finance/japan-central-bank-set-hike-rates-highest-1995-despite-governor-absence Mon, 15 Jun 2026 01:23:35 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/japan-central-bank-set-hike-rates-highest-1995-despite-governor-absence The Bank of Japan expects inflation to accelerate later this year https://www.businesstimes.com.sg/companies-markets/banking-finance/australias-central-bank-set-first-rate-pause-2026-bets-further-hike-ebb Sun, 14 Jun 2026 23:43:54 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/australias-central-bank-set-first-rate-pause-2026-bets-further-hike-ebb The country’s policy decision comes in a week when several major central banks are expected to stay on hold https://www.businesstimes.com.sg/companies-markets/banking-finance/sam-bankman-fried-loses-bid-overturn-crypto-fraud-conviction Fri, 12 Jun 2026 13:39:00 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/sam-bankman-fried-loses-bid-overturn-crypto-fraud-conviction The founder of FTX was a rising star in the crypto industry https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-consider-pausing-bond-taper-next-fiscal-year-sources-say Fri, 12 Jun 2026 11:43:21 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-japan-consider-pausing-bond-taper-next-fiscal-year-sources-say The BOJ is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s... https://www.businesstimes.com.sg/companies-markets/citi-sees-asian-clients-seeking-more-trade-finance-risk-support-amid-middle-east-war Fri, 12 Jun 2026 08:54:49 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/citi-sees-asian-clients-seeking-more-trade-finance-risk-support-amid-middle-east-war Firms and governments in Asia are reassessing their reliance on the Middle East for oil and energy supplies https://www.businesstimes.com.sg/companies-markets/banking-finance/singapore-banks-rout-new-china-scrutiny-wealth-flows-overblown-maybank Fri, 12 Jun 2026 06:38:54 +0000 Deon Loke Banking & Finance Companies & Markets /companies-markets/banking-finance/singapore-banks-rout-new-china-scrutiny-wealth-flows-overblown-maybank The slides in DBS, OCBC, UOB shares offer buying opportunities, says the brokerage https://www.businesstimes.com.sg/companies-markets/banking-finance/pboc-asks-big-banks-curb-interbank-lending-ease-cash-glut-sources Fri, 12 Jun 2026 05:48:38 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/pboc-asks-big-banks-curb-interbank-lending-ease-cash-glut-sources The move is aimed at correcting market expectations around access to liquidity https://www.businesstimes.com.sg/companies-markets/banking-finance/futu-founder-brother-leaf-humbled-china-broker-crackdown Fri, 12 Jun 2026 03:51:04 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/futu-founder-brother-leaf-humbled-china-broker-crackdown Income from Hong Kong and overseas brand Moomoo should easily offset pressure from the ban https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-korea-governor-says-interest-rates-be-raised-time Fri, 12 Jun 2026 02:29:52 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-korea-governor-says-interest-rates-be-raised-time The central bank targets inflation at 2% in the medium term https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-set-hike-rates-31-year-high-drop-hawkish-signals Fri, 12 Jun 2026 01:49:07 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-japan-set-hike-rates-31-year-high-drop-hawkish-signals The decision would align the BOJ with other central banks shifting towards tighter policy https://www.businesstimes.com.sg/companies-markets/banking-finance/deutsche-bank-names-robert-huray-south-east-asia-investment-banking-head Fri, 12 Jun 2026 01:33:49 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/deutsche-bank-names-robert-huray-south-east-asia-investment-banking-head The changes come at a time as Hong Kong and China now drive most dealmaking and revenue for global banks operating in Asia https://www.businesstimes.com.sg/companies-markets/banking-finance/beijings-investment-clampdown-clouds-outlook-hong-kong-banks-insurers Fri, 12 Jun 2026 01:21:00 +0000 Banking & Finance Companies & Markets International /companies-markets/banking-finance/beijings-investment-clampdown-clouds-outlook-hong-kong-banks-insurers Analysts warn of short-term risks to Hong Kong financial sector https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesias-danantara-unit-raises-us1-5-billion-debut-dollar-bond Fri, 12 Jun 2026 00:19:58 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/indonesias-danantara-unit-raises-us1-5-billion-debut-dollar-bond The notes are expected to be issued on Jun 18 under its US$5 billion global medium-term note programme https://www.businesstimes.com.sg/companies-markets/banking-finance/long-term-care-not-just-age-related-issue-great-eastern Thu, 11 Jun 2026 14:34:29 +0000 Ranamita Chakraborty Banking & Finance Companies & Markets Singapore /companies-markets/banking-finance/long-term-care-not-just-age-related-issue-great-eastern The insurer’s claims data shows that 62% of claimants under one of its long-term care plans are under 50 https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-raises-rates-nip-war-led-inflation-bud Thu, 11 Jun 2026 12:42:42 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/ecb-raises-rates-nip-war-led-inflation-bud Thursday’s hike is the first since September 2023 https://www.businesstimes.com.sg/international/asean/indonesian-bonds-resume-decline-market-confidence-stays-weak Thu, 11 Jun 2026 07:48:39 +0000 Asean Banking & Finance Companies & Markets International /international/asean/indonesian-bonds-resume-decline-market-confidence-stays-weak Indonesian markets remain volatile https://www.businesstimes.com.sg/international/japan-moves-regulate-crypto-stocks-market-growth-push Thu, 11 Jun 2026 07:20:11 +0000 International Banking & Finance Companies & Markets /international/japan-moves-regulate-crypto-stocks-market-growth-push The country approved the issuance of the first yen-backed stablecoin in 2025 https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-set-insurance-hike-iran-war-fans-eurozone-inflation Thu, 11 Jun 2026 06:42:44 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/ecb-set-insurance-hike-iran-war-fans-eurozone-inflation Inflation in the 21-country currency bloc is already above 3 per cent https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-doubles-private-bankers-singapore-team-top-50 Thu, 11 Jun 2026 05:42:40 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/jpmorgan-doubles-private-bankers-singapore-team-top-50 The US bank also offers private banking services in Hong Kong and Australia in Asia https://www.businesstimes.com.sg/companies-markets/banking-finance/boj-governor-uedas-absence-fuels-market-nerves-over-rate-meeting Thu, 11 Jun 2026 03:34:24 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/boj-governor-uedas-absence-fuels-market-nerves-over-rate-meeting Ueda is expected to miss the BOJ’s meeting and will refrain from casting a vote https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesias-danantara-eyes-us1-billion-bond-sale-test-investor-appetite Thu, 11 Jun 2026 03:12:42 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/indonesias-danantara-eyes-us1-billion-bond-sale-test-investor-appetite It set the final price guidance at 5.35% for five-year notes and 5.95% for 10-year notes https://www.businesstimes.com.sg/companies-markets/banking-finance/thai-long-bonds-draw-funds-steepest-curve-emerging-asia Thu, 11 Jun 2026 02:42:26 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/thai-long-bonds-draw-funds-steepest-curve-emerging-asia Rate expectations for the Bank of Thailand are more dovish than those of most regional peer https://www.businesstimes.com.sg/companies-markets/banking-finance/openai-visa-team-let-ai-agents-make-purchases-online Thu, 11 Jun 2026 02:15:30 +0000 Banking & Finance Companies & Markets Startups Startups & Tech /companies-markets/banking-finance/openai-visa-team-let-ai-agents-make-purchases-online ChatGPT is the best-known artificial intelligence platform among consumers https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-hedge-fund-managers-set-pay-bump-tax-plan Thu, 11 Jun 2026 01:33:00 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hong-kong-hedge-fund-managers-set-pay-bump-tax-plan Private equity fund managers already enjoy zero taxes on carried interest https://www.businesstimes.com.sg/companies-markets/banking-finance/programme-income-insurance-shareholders-sell-shares-relaunched Thu, 11 Jun 2026 00:37:53 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/programme-income-insurance-shareholders-sell-shares-relaunched The Liquidity Program for Income Insurance Shares lets eligible Income shareholders sell their shares for cash https://www.businesstimes.com.sg/companies-markets/deloittes-lee-boon-teck-new-isca-chief-urges-accountants-be-fluent-accounting-and-tech Wed, 10 Jun 2026 23:00:00 +0000 Renald Yeo Companies & Markets Banking & Finance Singapore /companies-markets/deloittes-lee-boon-teck-new-isca-chief-urges-accountants-be-fluent-accounting-and-tech He tells BT that he will also use his term to help accountants new and experienced to build career resilience https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-japan-governor-ueda-hospitalised-will-miss-june-meeting Wed, 10 Jun 2026 10:06:45 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/bank-japan-governor-ueda-hospitalised-will-miss-june-meeting Ueda will attend the next July 30-31 policy meeting https://www.businesstimes.com.sg/companies-markets/bank-singapore-taps-veteran-banker-lim-leong-guan-lead-dubai-franchise Wed, 10 Jun 2026 10:01:10 +0000 Renald Yeo Companies & Markets Banking & Finance /companies-markets/bank-singapore-taps-veteran-banker-lim-leong-guan-lead-dubai-franchise He will head private banking in the Middle East, South Asia and International, and be based in Dubai https://www.businesstimes.com.sg/companies-markets/banking-finance/ant-international-considers-raising-us1-billion-boost-growth Wed, 10 Jun 2026 09:19:47 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/ant-international-considers-raising-us1-billion-boost-growth Prospective investors include existing shareholders General Atlantic and Silver Lake, sources say https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesias-central-bank-governor-touts-higher-bond-yields-investor-pitch Wed, 10 Jun 2026 08:40:31 +0000 Banking & Finance Asean Companies & Markets International /companies-markets/banking-finance/indonesias-central-bank-governor-touts-higher-bond-yields-investor-pitch The bank will refrain from buying bonds with tenors that are 10 years or longer https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-dollar-carry-trade-appeal-dims-funding-costs-climb Wed, 10 Jun 2026 07:57:20 +0000 Banking & Finance Companies & Markets /companies-markets/banking-finance/hong-kong-dollar-carry-trade-appeal-dims-funding-costs-climb A rising Hibor narrows the interest rate gap between the US dollar and Hong Kong dollar https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-shares-end-lower-after-middle-east-conflict-intensifies-sti-down-1-3 Wed, 10 Jun 2026 02:27:48 +0000 Shikhar Gupta Chloe Lim Capital Markets & Currencies Banking & Finance Companies & Markets /companies-markets/capital-markets-currencies/singapore-shares-end-lower-after-middle-east-conflict-intensifies-sti-down-1-3 All three banking stocks end lower