S’pore returns $8bn to banks involved in rate probe
(Nov 6) - Singapore has returned about S$10bn ($7.7bn) that it forced 19 banks to hand over last year as punishment in a sweeping global investigation into alleged manipulation of financial benchmarks and foreign exchange. The Monetary Authority of Singapore said the 19, which include UBS, Bank of America Merrill Lynch, Royal...
China warns citizens to beware of fraud when shopping for electronics in S’pore
(6 Nov) SINGAPORE - Chinese tourists heading to Singapore have been warned to be careful when buying expensive electronic products such as mobile phones here. China's Ministry of Foreign Affairs put up a notice from its Singapore embassy on its consular services website on Wednesday, urging tourists who plan to buy expensive...
Singapore Airlines Second-Quarter Profit Falls
(6 Nov) - Singapore Airlines Ltd. said its net profit for the fiscal second quarter fell sharply due to a loss at affiliate Tiger Airways Holdings Ltd. In a statement, the company said net profit fell to 90.9 million Singapore dollars (US$70 million) from S$160.6 million a year earlier. The company attributed the earnings...
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