Singapore Financial News

Delhi Municipal Corporation or MCD. Singapore's High Commissioner to India, Simon Wong, in a social media post today morning highlighted a spelling error in the name of his country on a signboard installed near the high commission. Mr Wong, likely discovered the gaffe while on his morning walk, took to X and asked the MCD to do a 'spell check' before installing the signage. His post included a picture of signage, which had wrongly mentioned the spelling of his country as Singapur.

Swedish private equity firm EQT Partners is poised to sign on the dotted line to acquire one of Australia’s largest veterinary chains, VetPartners.

Heavyweight creditors, a pair of Asian private equity firms and a reclusive rich lister. Here’s a messy deal to sink your teeth into.

India's suspension of visa processing will hinder face-to-face connection. Speaking to PTI, Vice-President International, University of Toronto, Professor Joseph Wong said, “We know that many members of the University of Toronto community are watching relations between the governments of Canada and India with concern." “The situation is evolving rapidly, causing uncertainty and stress, and we do not yet have answers to many of the pressing questions it raises," Prof Joseph said, adding that the varsity is proud to be home to more than 2,400 international students from India.

A Federal Court justice is expected to rule shortly on whether Optus can claim “legal professional privilege” to stop a report by Deloitte on its 2022 cyberattack from being released as class action lawyers try to get hold of more documents.

Tokyo is constantly recreating itself

FTA journey can be divided into three distinct phases. 1975-2004: In this phase, the focus was on reducing tariffs to promote merchandise trade. India embarked on its FTA journey in 1975 by signing the Bangkok Agreement with Bangladesh, Sri Lanka, and S Korea.

Asian markets posted gains Friday, shrugging off Wall Street losses ahead of key US jobs data due later in the day. Analysts say signs of a robust American economy, such as strong labour market data this week, are bad news for equities as it gives the Federal Reserve more reason to keep monetary policy tight through to the end of the year and beyond. US Treasury yields hit their highest levels since 2007 this week as investors fear high borrowing costs for businesses and consumers will eventually drag on the economy. All eyes are on Friday's monthly US employment data, which will give investors a good idea of whether recent signs of a softening in the labour market will continue. «European markets look set to open modestly higher ahead of today's US jobs report,» said Michael Hewson, chief market analyst at CMC Markets UK, «which, along with the September CPI report which is due next week could shift the odds significantly on whether we see another rate hike in November». «One other reason for the welcome retreat in yields yesterday may well have been the sharp decline in oil prices we've seen the past couple of days.» On Thursday, the Dow Jones Industrial Average finished flat, while the S&P 500 and Nasdaq index ticked lower. But Hong Kong was on the front foot Friday, with gains of about 1.5 percent by the afternoon, though Tokyo closed marginally lower. Singapore, Seoul and Manila were also up, while mainland Chinese markets were closed for a week-long holiday. London, Frankfurt and Paris all kicked off with small gains. Stephen Innes, managing partner at SPI Asset Management, said the Asian advances were «thanks partly to a drop in oil prices that benefits Asia's colossal oil-importing nations». «This

₹1,890 crore. Earlier, larger conglomerates including Adani and Reliance had evinced interest in the company.

The Monetary Authority of Singapore authorized Coinbase to offer institutional and individual crypto payment services one year after receiving an in-principle approval. With 32% of Singaporeans owning crypto, the Coinbase license may boost the uptake and price of the best cryptocurrencies, such as Ethereum (ETH) and VC Spectra (SPCT).

Shipping firms, formerly based in Dubai or Singapore, have established subsidiaries in the GIFT City-headquartered IFSC, which has received as many as eight applications for ship leasing activities, a senior official said on Friday. He also said that the International Financial Services Centre (IFSC) provides a conducive business environment, a competitive tax regime and effective dispute resolution.

SoftBank on Friday offloaded a 2.5% stake in Policybazaar's parent firm PB Fintech through open market transactions for Rs 871 crore. SoftBank through its affiliates — SVF India Holdings (Cayman) Ltd and SVF Python II (Cayman) Ltd — sold the shares of the company.

peak of the pandemic, Singapore recorded up to 4,000 daily cases. The government had then imposed strict curbs, that mandated the wearing of masks and restricted public movement. However, no such restrictions are being planned to address the current surge in infections, Health Minister Ong Ye Kung said, while speaking to the local media.

₹762.8 apiece. Financial services firm Societe Generale bought 0.58% or 2.6 million shares in the company at the same price. Before the sale, SoftBank held a 4.39% stake in PB Fintech through its entity SVF Python II (Cayman) Ltd.

Fast-fashion giant Shein is expected to announce Friday new leadership overseeing its global growth initiatives as the company seeks to diversify its supply chain beyond China. Marcelo Claure, a former SoftBank Group executive, will serve as group vice chairman, a New York-based role that involves expanding manufacturing beyond China to be closer to Shein consumers, he said. “We’re not saying that we’re replacing China," Claure said.

By Rae Wee and Alun John

Barclays bank to lay off over 450 employees in UK Sood, Chakka, Credit Suisse and Barclays did not comment on questions. Earlier in August, Barclays PLC named new executives to its top management in India, a major overseas market for the lender.

Canadian diplomatic staff in the country to a level on par with the number of Indian diplomats in Canada. Canadian Prime Minister Justin Trudeau had sparked a diplomatic crisis last month after claiming that there were ‘credible allegations’ linking Indian government agents to the June murder.

By Tom Westbrook

By Sudarshan Varadhan

Investing.com — Crude prices edged higher on Friday amid deep weekly losses left by one of the oil market’s worst tumbles for the year.