Search Results for:John Geddie

Singapore probing Noble Group for disclosure breaches

Noble, once Asia’s top commodity trader, is seeking to transform into an Asia-focused coal-trading business following a $3.5 billion debt restructuring deal.


Goldman Sachs CEO says he feels horrible ex-bankers broke law in 1MDB case

U.S. prosecutors filed criminal charges against the two former Goldman bankers and a Malaysian financier linked to the alleged theft of billions of dollars from the fund.


Singapore launches agency to support infrastructure projects across Asia

Singapore’s ‘Infrastructure Asia’ agency will be led by its central bank, the Monetary Authority of Singapore, and Enterprise Singapore.


Singapore lender OCBC calls off sale of Hong Kong Life Insurance

First Origin International Ltd agreed to acquire the business in March last year for $907 million.


Singapore follows Hong Kong in chalking out rules for dual-class shares offering

Singapore will allow firms valued at $229 million to list with dual-class shares.


Singapore’s competition watchdog sets interim terms for Uber-Grab deal

Uber has been asked to continue operating in SG until May 7 to smoothen the transition.


Noble Group woos creditors to accept its $3.4b restructuring plan

The proposed restructuring agreement requires approval by a majority of existing senior creditors representing 75 percent in value of its debt.


Singapore: MAS assessing regulatory curbs to protect cryptocurrency investors

Singapore, which is aiming to be a hub for fintech and so-called initial coin offerings in Asia, does not currently regulate virtual currencies.


Singapore’s competition agency to further review Uber-ComfortDelGro alliance

ComfortDelGro said in December it would buy a 51% stake in a unit of Uber that runs a fleet of private hire vehicles.


Deutsche’s Asia wealth unit looks to bolster recovery with more hires

Deutsche Bank dropped out of the world’s top 15 private banks in 2016, after it withdrew from a number of countries.