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  • Singapore court revokes bail decision for ex-BSI wealth manager

    Singapore court revokes bail decision for ex-BSI wealth manager

    reuters.com 27 May '16, 11am

    SINGAPORE A former wealth manager of troubled Swiss private bank BSI was denied bail by the Singapore High Court on Friday and will await his trial in prison for two of the nine charges that are part of the city-state's investigations into money laundering. The case is related to illi...

  • Singapore ex-BSI wealth manager stays in remand as prosecutor challenging bail

    Singapore ex-BSI wealth manager stays in remand as prosecutor challenging bail

    reuters.com 26 May '16, 10am

    SINGAPORE A former Singapore wealth manager of troubled Swiss private bank BSI Bank will remain in remand of white-collar police after the state prosecutor said it is challenging a court's decision on Thursday to grant him bail of S$600,000 ($435,761). The case is part of Singapore's ...

  • Brent oil pushes above $50 for first time in nearly seven months

    reuters.com 26 May '16, 2am

    SINGAPORE Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Buoyant stock markets also supported prices, with the Dow Jones indust...

  • Brent oil pushes above $50 for first time in nearly seven months

    reuters.com 26 May '16, 2am

    SINGAPORE Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Buoyant stock markets also supported prices, with the Dow Jones indust...

  • BSI Singapore shutdown a wake-up call for private banks in Asia

    reuters.com 25 May '16, 10am

    HONG KONG/SINGAPORE Singapore's drastic move to shut Swiss bank BSI's operations in the city-state over its dealings with scandal-hit Malaysian fund 1MDB is a wake-up call for wealth managers in Asia, which had been spared the large fines and sanctions seen in the West. The private ba...

  • Fed's Bullard: tight U.S. labor market may put upward pressure on inflation: SINGAPORE (Reuters) - U.S. labor...

    Fed's Bullard: tight U.S. labor market may put upward pressure on inflation

    reuters.com 26 May '16, 10am

    SINGAPORE U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday. "By nearly any metric, U.S. labor markets are at or beyond full employment," Bullard said in an OMFIF lecture in Singapore. "...

  • Singapore charges six Bangladeshi men for terrorism financing

    Singapore charges six Bangladeshi men for terrorism financing

    reuters.com 27 May '16, 8am

    SINGAPORE A Singapore court on Friday charged six Bangladeshi men, who were detained last month for planning attacks in their home country, for involvement in terrorism financing activities. The six were among eight Bangladeshi men who were detained in April under Singapore's colonial...

  • LPC: Gunvor Singapore closes increased $1.04 billion loan

    reuters.com 26 May '16, 1pm

    LONDON Gunvor Group has closed $1.041 billion of syndicated revolving credit facilities to support new activities and existing operations in Asia Pacific, the company said on Thursday. The financing, which is for wholly-owned subsidiary Gunvor Singapore Pte Ltd, is split between a $95...

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