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JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes [FRANKFURT] Germany’s financial watchdog BaFin has imposed its largest-ever fine of 45…
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UOB’s S$885 million allowance build-up ‘prudent’ despite Q3 profit hit: analysts
[SINGAPORE] UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and OCBC, analysts said, even…
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Singapore shares hit new high; STI up 1.5%
Across the broader market, advancers outnumber decliners 376 to 190 after 1.5 billion securities worth S$2.9 billion change hands [SINGAPORE] Local shares ended Thursday (Nov 6) higher, lifted by record…
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Indonesian bonds hit by foreign fund outflows on policy woes
[JAKARTA] Foreign investors sold Indonesian government bonds again last month, underscoring concerns over the government’s plans to increase spending and raise the deficit limit. Overseas funds sold a net US$1.8…
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Australia shares hit lowest in over a month as RBA holds rates, signals caution
[SYDNEY] Australian shares finished at their lowest in more than a month on Tuesday (Nov 4) after the central bank left its key rate unchanged as expected and signalled a…
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Samsung hit with US$191.4 million US jury verdict in OLED patent trial, plans appeal
SAMSUNG Electronics owes patent owner Pictiva Displays US$191.4 million in damages for infringing two US patents covering organic light-emitting diode technology, a jury in Texas federal court said on Monday.…
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Bitcoin ATM Scams Hit US: Millions Lost as Pensioners’ Life Savings Stolen
KEY POINTS Prosecutors allege Bitcoin ATMs are increasingly exploited by scammers, with one operator accused of charging up to 26% fees. Authorities warn seniors are being disproportionately targeted by crypto…
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ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of fiscal 2025 due to charges related…
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Volkswagen skids into the red on US tariff hit, Porsche woes
Volkswagen’s operating loss in Q3 was down from a 2.8-billion-euro operating profit for the group a year earlier [BERLIN] An expensive course correction at subsidiary Porsche dealt Volkswagen a hefty…
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Adidas sees 120-million-euro Trump tariff hit
[FRANKFURT] German sportswear giant Adidas said Wednesday (Oct 29) that it expected US President Donald Trump’s tariff blitz to cost it 120 million euros (S$180.7 million) for the year. The…
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Boeing reports US$5.4b loss on large hit from 777X aircraft delays
Boeing has pushed back commercial deliveries on the 777X to 2027 from the prior 2026 timeframe [NEW YORK] Boeing reported a US$5.4-billion third-quarter loss on Wednesday (Oct 29) as massive…
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China’s C919 Jet Hit by US Export Curbs as Trade Tensions Delay Deliveries
China’s plan to compete with Boeing and Airbus with its homegrown C919 passenger jet is facing delays as US export restrictions threaten to slow deliveries. The jet, built by state-owned…
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HSBC is bullish on 2025 despite hit from Madoff provision
[LONDON] HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade…
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iFast soars 8.2% to all-time high on robust Q3 earnings; set to hit record net inflows for 2025
Counter hits S$9.99 in early trading before shedding some gains to trade over 6% up in late morning [SINGAPORE] Shares of digital wealth management platform iFast soared nearly 8.2 per…
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MAGA-Linked Lobbying Firms Hit Record Profits Under Trump 2.0
KEY POINTS Despite campaign promises to ‘drain the swamp,’ lobbying expenditures have hit record highs under Trump 2.0.. Ballard Partners, once a small Florida firm, quadrupled its revenue in 2025.…
