Denise Wee

Singapore is the world’s most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewelry surge around the globe.

Morgan Stanley is seeing departures from its Hong Kong debt capital markets business, including one managing director.

Singapore is the world's most expensive city for luxury spending for a fourth consecutive year, as prices on items such as watches and jewellery surge around the globe.

JPMorgan Chase & Co. moved more than 30 quant staff from mainland China to Singapore and Hong Kong in recent months to consolidate the team in regional hubs and be closer to the business divisions, according to people familiar with the matter.

Standard Chartered Plc unveiled a fresh $1 billion share buyback as second-quarter earnings beat expectations, while it booked more charges tied to the conflict in the Middle East.

Standard Chartered Plc Chief Executive Officer Bill Winters said staff at the bank use a range of artificial intelligence models, including ones made in China and the US that he says often have similar capabilities.

HSBC said that the Singapore centre will initially focus on introducing agentic treasury solutions and developing AI-enabled digital payments.

HSBC Holdings Plc announced a fresh stock buyback and raised its cost-cutting target as it reported second-quarter earnings that beat estimates.

HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the lender will consider boosting its bonus pool for bankers if strong performance continues.

Thousands are returning after the city’s foreign population was hollowed out by Covid and Beijing’s tightening control.