Singapore banks are increasing scrutiny of some Chinese-born clients with other citizenships, following last month’s crackdown on money laundering involving more than S$2.4 billion ($1.8 billion) worth of assets that has rattled the Asian financial hub.
US regulators said Novo Nordisk A/S failed to properly investigate bacterial contamination earlier this year at a plant that makes one of its best-selling diabetes drugs.
Saudi Arabia is getting closer “every day” to a landmark deal normalizing diplomatic relations with Israel, Crown Prince Mohammed bin Salman said.
UK government borrowing came in below official forecasts in the first five months of the fiscal year, but a challenging economic outlook means Chancellor Jeremy Hunt may have only limited room to cut taxes before a general election.
The Writers Guild of America and the group representing major Hollywood studios said they would meet for a second day, an encouraging sign that talks are progressing in a labor standoff that has lasted for months.
Chevron Corp. and unions are close to a deal that would end strikes at liquefied natural gas plants in Australia that have roiled global markets, with the nation’s labor regulator putting forward new proposals to resolve remaining disputes.
China is road testing a new property policy in an experimental city President Xi Jinping is building outside Beijing to try to stabilize a housing market rocked by an ongoing credit crisis.
British retailer Frasers Group Plc asked a US judge to order Morgan Stanley Chief Executive Officer James Gorman to produce evidence for its UK lawsuit against the bank over an almost $1 billion margin call.
Emerging Asian currencies have been less attractive than most of their global peers as carry-trade targets over the past year but they are now catching up.
A surprise easing in UK inflation has handed pound bears a boost, and some analysts see more losses in the pipeline.
