Business

Singapore’s banks have ‘insignificant’ exposures to Credit Suisse

The Monetary Authority of Singapore (MAS) announced on Thursday that Singapore banks DBS, OCBC, and UOB have "insignificant" exposure to…

March 17, 2023

Credit Suisse borrows more than $50 billion from the Swiss National Bank

Credit Suisse accepted the offer from the Swiss central bank to help it financially hours after it made the announcement…

March 16, 2023

Why U.S. retailers struggle in Canada

Big-box retailers are leaving Canada because they can't replicate their U.S. success. Nordstrom closed its Canadian business last month due…

March 15, 2023

Why regulators seized Signature Bank in the third-biggest bank failure in U.S. history

Customers of Signature Bank, alarmed by the sudden failure of Silicon Valley Bank, withdrew almost $10 billion in deposits on…

March 14, 2023

How Silicon Valley Bank collapsed: Silicon Valley Bank collapse explained

Silicon Valley Bank (SVB) was shut down by United States regulators on Friday (March 10) in a dramatic move that…

March 11, 2023

Can Adidas refocus after chaos with Kanye?

Great Britain - Adidas, stung by the termination of its connection with the artist formerly known as Kanye West, needs…

March 10, 2023

JPMorgan sues former banker Staley over Jeffrey Epstein ties

JPMorgan Chase & Co. has filed a lawsuit against Jes Staley, its former head of private banking and later the…

March 9, 2023

In the “China plus one” shift, Singapore’s Keppel is going after Vietnam

Singapore's Keppel Corporation is pursuing expansion opportunities in emerging economies such as Vietnam, which is gaining pace as a manufacturing…

March 9, 2023

Singapore tech salaries increases after tech layoffs

According to a new survey, tech salaries in Singapore increased in 2022 despite a wave of IT layoffs and a…

March 7, 2023

Mastercard ex-CEO Banga, US World Bank candidate, begins “charm assault”

Former MasterCard CEO Ajay Banga, US Vice President Joe Biden's choice to lead the World Bank, met with executive directors…

March 2, 2023

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