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2 mins read
Global gold demand drops 6% in Q2 2024 due to slump in jewelry consumption, OTC investment pushes the total to record high
The record-high gold prices took a significant toll on jewelry consumption. Volumes fell 19% YoY to…
ANI
1 min read
Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions
Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transacti…
Jennifer Sor
2 mins read
One of Singapore's flashiest CEOs was planning to throw a Tomorrowland-style party for the books. Then the mirage started to fall apart.
David Yong, 37 was featured in the Netflix series "Super Rich in Korea" as one of the "super rich" …
Kwan Wei Kevin Tan
1 min read
India, China amongst top gold buyers in March quarter as central banks hoard yellow metal
India emerged as one of the top five buyers of gold in the March quarter.It joins other Asian count…
3 mins read
Gold demand dips 13% globally in Jan-Mar quarter says World Gold Council
Global gold demand declined by 13 per cent year-on-year to 1,080.8 tonnes during the January-March …
PTI
2 mins read
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
5 mins read
Top trending international destinations for Indian travellers in 2024
Indian travellers are exploring new horizons in 2024, with top destinations including Amsterdam, Si…
2 mins read
COP27: Act fast to finance net-zero emission goals, says Singapore central bank MD
"We must also balance decarbonisation and development. The world requires significant financi…
ANI
3 mins read
A flashy CEO who claimed to be among Singapore's top 1% was planning the island's answer to Coachella. Now prosecutors have charged him with fraud, denied bail, and say he's a 'real flight risk.'
Businessman and K-pop enthusiast David Yong, 37, was arrested by the Singaporean police on August 1…
Kwan Wei Kevin Tan
6 mins read
India could emerge as an economic superpower amid dull global economic landscape
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…
ANI
2 mins read
NPCI International to support Namibia develop instant payment system like UPI
A key emphasis of the Indian government has been on ensuring that the benefits of UPI are not limit…
ANI
3 mins read
The West can't completely isolate Russian banks because it would be disastrous beyond Russia
The West could still block the access of all Russian banks to SWIFT — but it would come with major …
Huileng Tan
2 mins read
Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar
Central banks added 228.4 tons of gold to global reserves in the first quarter, the World Gold Coun…
Filip De Mott
1 min read
China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
China continued to amass gold, adding an additional 16 tons in May, while its foreign currency rese…
Filip De Mott
2 mins read
Singapore to to act tough on crypto platforms in the coming months
Amid the global crypto meltdown, Singapore, which has a clear licensing and regulatory framework, i…
2 mins read
Australia, Malaysia, Singapore and South Africa will trial cross-border central bank digital payments
Australia, Malaysia, Singapore and South Africa have decided to jointly test multiple CBDC's that f…
Camomile Shumba
2 mins read
Singapore, the World Bank and others are offering a $150,000 prize to the winner of a global competition to create a workable central bank digital currency
Singapore is holding a global competition to design a central bank digital currency for retail use.…
Camomile Shumba
5 mins read
A retired banker in Singapore was looking for his next venture. He found it by reviving a dying trade: traditional coffee shops.
Today, Killiney Kopitiam is one of Singapore's most successful coffeechains. Woon Tek Seng told BI …
Marielle Descalsota
3 mins read
This Singapore startup makes banking accessible by opening branches in remote locations for just $150
An Indian-origin banker who was so consumed by the idea of making banking accessible for the unbank…
PTI
4 mins read
Singapore's cost of living is shooting up and here's how Indians there are coping with it
According to the EIU report, the average cost of living has gone up 8.1 per cent in 2022 in the 172…