News

JPMorgan to pay about $271 million to settle Asia hiring probes

JPMorgan Chase and Co is expected to pay to settle criminal and civil probes over its Asian hiring practices. -Reuters

Goldman Sachs under spotlight in Malaysian fund scandal

The bank helped 1MDB raise US$6.5 billion in bond sales to invest in energy projects and real estate, but some of the money was allegedly misappropriated. -Reuters

MAS probes case of UOB's unshredded client data

Action will be taken against banks which fail to safeguard confidentiality of customer information; Personal Data Protection Commission says it is aware of case. -BT

S'poreans save 9 years more for retirement

The average Singaporean starts saving for retirement at 32 and continues for another 29 years - nine more years than their predecessors who saved an average of 20 years and started later at age 39. - My Paper

Market watchers split on whether to jump into UK real estate

Some counsel caution, but others say there might be gains to be had amid the uncertainty following Brexit. - BT

Turkish Airlines sacks 211 employees after failed coup attempt

In a statement, the airline said the employees' contracts were terminated due to operational necessity, inefficiency, poor performance as well as providing support to the movement of US- based cleric Fethullah Gulen. -Reuters

Yahoo selling internet assets for $6.5 billion to Verizon

The deal will leave Yahoo as a separate investment company that will change its name after the transaction. -AFP

Indonesian tax amnesty could spark outflow from Singapore wealth industry

Industry experts expect about US$30 billion in outflows. -Reuters

Singapore to further boost money laundering controls amid 1MDB-linked probe

Menon said the central bank will bolster its enforcement, conduct rigorous investigations and take swift action against errant financial institutions. -Reuters

Sephora remains upbeat about Singapore retail sector

It has opened 11 stores here since 2008; its South-east Asia MD reports healthy sales. BT

Don't fight a losing battle at work

Not every issue you disagree with needs to be pursued. Knowing when to charge and when to back off is an art few master. -BT

What do millennials want & look out for in life and work?

While the millennial retirement outlook is getting brighter, many millennials still have lifestyle expectations that are beyond their earnings and savings power. -The New Savvy

Singapore's DBS to enter Japan's securities market

DBS Group Holdings, Singapore's largest bank, will expand its securities business into Japan next month, targeting institutional investors struggling to make money under negative interest rates. - Nikkei Asian Review

Making good with cashback formula

ShopBack chief Henry Chan says his start-up dream is his riskiest and safest investment. -ST

Buying property in Singapore: Property risks to know

However, like every other profitable endeavor it comes with several risks. -The New Savvy

Home renovation in 3 easy steps - Tips for homeowners

We constantly need change - that is a fact of life. What you thought was important 10 years ago (or even less than that, if we're honest) have been replaced by other, more important things. -The New Savvy

JPMorgan warns these safe havens are becoming danger zones

J.P. Morgan Private Banker's Stephen Parker takes a look at what has been driving the market rally, including the current trend of "safe haven" assets and interest rates. -CNBC

Pages