Author: Admin

[SINGAPORE] Shares on the Singapore bourse closed lower on Thursday (Oct 16), bucking the gains charted in most regional markets.The benchmark Straits Times Index (STI) slipped 0.3 per cent, or 12.22 points, to 4,356.20. Across the broader market, decliners outnumbered advancers 305 to 227, with total turnover at S$1.5 billion.Yangzijiang Shipbuilding was the STI’s top gainer, rising 1.9 per cent or S$0.06 to S$3.26.Genting Singapore was the most actively traded STI counter by volume, with 52.6 million shares worth S$38.2 million changing hands. The counter closed 0.7 per cent or S$0.005 lower at S$0.725.For the second straight day, Hongkong Land…

Additional treatment options for the 38.4 million U.S. patients living with diabetes BRIDGEWATER, N.J. and BENGALURU, India, Oct. 16, 2025 /PRNewswire/ — Biocon Biologics Ltd. (BBL), a fully integrated global biosimilars company and subsidiary of Biocon Ltd. (BSE code: 532523, NSE: BIOCON), today announced expansion of its strategic collaboration with Civica, Inc. (Civica) to include a new Insulin Glargine medicine that will benefit patients in the United States by increasing supply of high-quality affordable insulins. The multi-year transformational agreement between Biocon Biologics and Civica creates an exclusive distributorship arrangement where Biocon Biologics will manufacture and supply Insulin Glargine medicine to Civica, and…

Crypto heavyweight Kraken said on Thursday it has acquired futures exchange Small Exchange from IG Group for $100 million, paving the way to launch a fully U.S.-based derivatives suite.Small Exchange is a U.S. Commodity Futures Trading Commission-licensed designated contract market, giving Kraken a regulated venue to offer futures and options to both retail and institutional clients.”Under CFTC oversight, Kraken can now integrate clearing, risk and matching into one environment that meets the same standards as the largest exchanges in the world,” Arjun Sethi, co-CEO of Kraken said in a statement. Once the preserve of banks and brokers, the derivatives market…

The Zurich-based lender is using Deloitte and KPMG to help screen client documentation[SINGAPORE] UBS Group is increasing scrutiny of the sources of client money in its fast-growing Asian wealth hubs, pressing some customers into greater disclosures as the Swiss bank seeks to stamp out the risk of further clashes with regulators.The Zurich-based lender is using Deloitte and KPMG to help screen client documentation, mainly in Singapore but also in Hong Kong, for any signs of illicit activities including money laundering, people familiar with the matter said. UBS is taking a more disciplined approach amid tougher rules in some jurisdictions, the…

HA LEJONE, Lesotho — HA LEJONE, Lesotho (AP) — In the snow-topped mountains of Lesotho, mothers carrying babies on their backs walk for hours to the nearest health clinic, only to find HIV testing isn’t available. Centers catering to the most vulnerable are shutting their doors. Health workers have been laid off in droves. Desperate patients ration or share pills.This Lesotho was unimaginable months ago, residents, health workers and experts say. The small landlocked nation in southern Africa long had the world’s second-highest rate of HIV infections. But over years, with nearly $1 billion in aid from the United States,…

[TOKYO] Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they said was “opaque” valuation and a failure to safeguard the interests of minority shareholders.An Aug 8 letter from some two dozen asset managers, which was made public on Thursday (Oct 16), is likely to deepen scrutiny of the deal. Those who signed the letter were managers from firms such as AllianceBernstein, Neuberger Berman and Schroders.It promises a landmark unwinding of cross-shareholdings, and to strengthen the influence of the founding Toyoda family within the group.The transaction is being closely…

Richard Linklater likes to joke that if he and Ethan Hawke didn’t know each other so well, Hawke probably would have punched him during the making of “Blue Moon.”The two Texans have been friends and collaborators for over 30 years. They had made eight films together when they started “Blue Moon,” about the lyricist Lorenz Hart set over one night at Sardi’s restaurant. It’s a project they’d been talking about for over a decade. One might assume that it would be all old hat between them. And yet this was a film, in select theaters Friday, that would require a…

WASHINGTON — WASHINGTON (AP) — President Donald Trump confirmed Wednesday that he has authorized the CIA to conduct covert operations inside Venezuela and said he was weighing carrying out land operations on the country.The acknowledgement of covert action in Venezuela by the U.S. spy agency comes after the U.S. military in recent weeks has carried out a series of deadly strikes against alleged drug-smuggling boats in the Caribbean. U.S. forces have destroyed at least five boats since early September, killing 27 people, and four of those vessels originated from Venezuela.Asked during an event in the Oval Office on Wednesday why…

PHNOM PENH, Cambodia — PHNOM PENH, Cambodia (AP) — Cambodia’s government said Wednesday it hopes the U.S. and Britain have sufficient evidence in their pursuit of Prince Holding Group and its Chairman Chen Zhi, after both governments imposed coordinated sanctions accusing the Cambodian conglomerate of running massive online scams and using forced labor.Cambodia’s Interior Ministry spokesman Touch Sokhak said Prince Holding Group has met all legal requirements to operate in Cambodia and has been treated no differently than other major companies investing in the country. He also said the Cambodian citizenship given to China native Chen was in accordance with…

Diageo, the struggling owner of Guinness and Johnnie Walker whisky, is facing an investor backlash next month over nearly £8.5m in stock awards handed to the frontrunner to become its next chief executive.Sky News has learnt that investors in Diageo are being urged to vote against its pay report at its annual meeting in early November because of disquiet over the lack of performance conditions attached to shares awarded to Nik Jhangiani. Mr Jhangiani joined the company, which also owns Baileys and Smirnoff, as its finance chief just over a year ago.Money blog: New ready meals costing up to £30…