JP Morgan is set to expand its footprint in Nigeria by converting its Lagos representative office into a fully operational business branch. This development was disclosed in a report by Africa Intelligence, which stated that the US banking giant, which…
Read moreThe world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town in the western part of Eswatini–better known by its former name, Swaziland, in southern Africa. Yet nearly a…
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Taiwan-based United Microelectronics Corp. (UMC) inaugurated a new 22-nanometre semiconductor fabrication facility in Singapore on 1 April, aiming to address rising global chip demand and enhance supply chain resilience. The new fab, which is located adjacent to UMC’s existing plant…
Read moreBank stocks tanked across the globe on Friday as fears of a recession swept through markets after U.S. President Donald Trump announced the highest tariff walls in a century. The S&P 500 banks index which tracks U.S. lenders, fell more…
Read moreMeta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure. In February,…
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The Morgan Stanley-managed fund is due to close in June and expected to raise at least $684mln based on current investor commitments, according to the people, both of whom declined to be identified because the information hasn’t been made public.…
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Months after President Donald Trump had been hammering Panama over its most valuable asset, the Panama Canal, an investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in the place owned by a…
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Explosive Allegations Surface: Ken Koh Accuses UOB of Breaching Banking Secrecy and Orchestrating a Conspiracy That Cost 300 Singaporeans Their Jobs — Potentially Singapore’s Largest Financial Scandal In a bombshell revelation backed by audio recordings and extensive documentation, Ken Koh,…
Read moreFour Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share placements, with their boards having approved proposals to issue A-shares to designated investors. The initiative includes the Bank…
Read moreChina’s finance ministry will inject $69 billion into four of the nation’s largest state banks via their share placements, following through on Beijing’s earlier pledge to beef up the lenders’ capital buffers. Bank of Communications Co.,Ltd., Bank of China, Postal Savings Bank…
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