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  • EU regulators approve RBS plan to help challenger banks

    September 18, 2017 4:30 PM 3

    BRUSSELS - EU state aid regulators formally approved on Monday a British plan allowing bailed-out lender Royal Bank of Scotland to fund about 835 million pounds ($1.1 billion) to boost competition by helping challenger banks. The British government had reached an agreement in principle with the European Commission on July 26 after RBS failed to sell a business

  • Hiscox sees $150 million net claims from Hurricane Harvey

    September 18, 2017 8:45 AM 3

    Lloyd's of London underwriter Hiscox Ltd said it estimates net claims of about $150 million (110.3 million pounds) based on an insured market loss of $25 billion from Hurricane Harvey, which lashed Texas in the last week of August. "This (claims) is within the group's modeled range of claims for an event of this nature, and reinsurance protections for the group

  • DBS appoints Mark Troutman group head of sales for global transaction services

    September 18, 2017 2:45 AM 3

    SINGAPORE - DBS Bank on Monday (Sept 18) named industry veteran Mark Troutman as its new group head of sales for its global transaction services (GTS) unit. Mr Troutman was previously the global head of corporate sales for HSBC's payments and cash management product group. In this role, he led the strategy and development of corporate sales across HSBC's

  • Stocks to watch: Pavillon Holdings, ISR Capital, mm2 Asia

    September 18, 2017 1:03 AM 3

    Pavillon Holdings Limited: Singapore-listed Pavillon Holdings on Monday said its subsidiary Fengchi Real Estate Sdn Bhd had on Sept 16 entered into a conditional sale and purchase agreement for the acquisition of units in a commercial complex and adjoining vacant lands in Johor Bahru, Malaysia, for RM52 million (S$16.7 million). Pavillon said 70 million

  • Singapore's exports jump 17% in fourth straight month of growth

    September 18, 2017 12:33 AM 3

    SINGAPORE: Non-oil domestic exports (NODX) in Singapore jumped by 17 per cent year-on-year in August, the fourth consecutive month of growth, according to statistics released by trade agency International Enterprise (IE) Singapore on Monday (Sep 18). The increase, which was due to an increase in both electronic and non-electronic exports, extends the 7.6 per cent growth

  • Pavillon Holdings unit to buy Johor Bahru properties for RM52m

    September 18, 2017 12:03 AM 3

    SINGAPORE-LISTED Pavillon Holdings on Monday said its subsidiary Fengchi Real Estate Sdn Bhd had on Sept 16 entered into a conditional sale and purchase agreement for the acquisition of units in a commercial complex and adjoining vacant lands in Johor Bahru, Malaysia, for RM52 million (S$16.7 million). The properties comprise 107 lots in a high rise commercial

  • Australia judge dismisses 21st Century Fox challenge against of CBS TV buyout

    September 18, 2017 12:00 AM 3

    SYDNEY - An Australian judge dismissed a challenge by a group involving Rupert Murdoch's Twenty-First Century Fox on Monday against an agreed takeover by CBS Corp of struggling television broadcaster Ten Network Holdings Ltd . Twenty-First Century Fox and CBS were creditors of Ten when it went into administration three months ago. Twenty-First Century

  • Weekly Economic & Political Timeline

    September 17, 2017 8:57 AM 3

    This week will have a high-impact news agenda, with monthly policy commentaries and bid rates from the FOMC and the Bank of Japan, as well as the Minutes of the recent determinations of the Reserve Bank of Australia. Therefore, volatility this week should be relatively high. The market will probably be most active on Wednesday, and Thursday to a lesser

  • Axis Capital (NYSE:AXS) Is Now Covered By Buckingham. What can We Expect?

    September 16, 2017 3:43 PM 6

    Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.13, from 0.9 in 2016Q3. It fall, as 23 investors sold Axis Capital Holdings Limited shares while 119 reduced holdings. 43 funds opened positions while 66 raised stakes. 75.16 million shares or 1.20% less from 76.07 million shares in 2016Q3 were reported. 313,871 are owned by Janus Cap Mngmt

  • Visitors walk along train tracks for Downtown Line 3 sneak peek event

    September 16, 2017 5:37 AM 4

    SINGAPORE - Visitors walked along train tracks along the Downtown Line 3 (DTL3) as part of an evacuation exercise on Saturday (Sept 16). The train-to-track detrainment was part of a community engagement session ahead of the line's opening in October. They disembarked from a train that stopped in the tunnel between the upcoming Geylang Bahru Station and Mattar