Tag: Finance
-
Why Himbara Bank Shares Are Falling in the Prabowo Era
Overview: The Himbara shares under pressure Investors watching Indonesia’s stock market have lately noted a familiar pattern among the so‑called Himbara banks—the group of state‑owned lenders that includes major names like BRI, BNI, and BTN, and more recently the addition of SHIBs and syariah units. As President Prabowo’s administration navigates a tougher macro environment, the…
-
N11bn Linked to Colonel in Nigerian Coup Plot: Security Agencies Trace Funds
Overview of the Case A substantial sum of money, about N11 billion, has been traced to the bank accounts of a Nigerian colonel detained in connection with an alleged coup plot that involves several senior military officers. The finding, disclosed by top-level security sources, adds a new financial dimension to an investigation that has already…
-
Global Markets Slump as US Regional Banks Spark Gold Record
Global markets fall as credit stress rattles investors Global stock markets slipped sharply after two US regional lenders disclosed exposure to millions of dollars in bad loans and alleged fraud. The developments sent shockwaves through Europe and Asia, fueling a rapid shift toward safer assets and a flight to gold, which reached a new high…
-
Singapore News Roundup: SIA Flight Diverted for Medical Emergency, Jewel Changi Tragedy, and McLaren-Norris-Piastri Fallout
Singapore News Roundup: A Day of Shocks and Sharp Turns In a day packed with surprising developments, Singapore’s air and sports spheres dominated headlines, alongside a troubling incident at Jewel Changi Airport and a flurry of financial and political updates. Here is a concise, SEO-friendly synthesis of what happened, why it matters, and what comes…
-
Singapore and Cambodia Pig-Butchering Scam Ring Ties Surface in US Sanctions Probe
Overview: A Transnational Criminal Network under Scrutiny The United States on Tuesday sanctioned Chen Zhi, the chairman of the Chinese property and investment conglomerate Prince Holding Group, and several of his associates amid allegations that they played pivotal roles in a sprawling “pig butchering” scam operation. The scheme, which has attracted attention for its use…
-
Singapore Ties to Cambodian Pig-Butchering Scam Ring Under Spotlight
Unraveling a Transnational Scam Network Singapore is suddenly in the spotlight as U.S. prosecutors reveal ties between a Cambodian criminal ring and a family office operating in the city-state. The allegations center on a vast online investment scam infrastructure—often described as a pig-butchering scheme—that allegedly laundered billions of dollars using cryptocurrency. At the heart of…
-
ED Arrest: Reliance Power Exec Ashok Pal in Money Laundering Probe
Overview The Enforcement Directorate (ED) has arrested Ashok Kumar Pal, a senior executive at Reliance Power Ltd and a trusted aide of industrialist Anil Ambani, in connection with a money laundering investigation. Pal, who serves as Executive Director and Chief Financial Officer (CFO) of the public-listed company, was taken into custody late Friday and is…
-
Wall Street plunges as Trump warns of massive China tariffs
Wall Street tumbles as tariffs loom U.S. stock markets faced a severe downday on Friday after President Donald Trump signaled a sharp escalation in tensions with China. In a move that surprised traders, he warned of a “massive increase of tariffs” on Chinese imports, reigniting fears of a protracted trade confrontation that could dampen global…
-
JPMorgan Chief Warns US Stock Market Crash Risk
Overview: A Warning from a Leading Banker In a striking warning from one of the world’s most influential financial figures, Jamie Dimon, the chair and CEO of JPMorgan Chase, warned that the probability of a U.S. stock market correction is higher than many investors appreciate. Speaking to the BBC, Dimon said he was “far more…
-
Stock Market Crash Warning from Jamie Dimon of JPMorgan
US stock market at higher risk than expected, says Jamie Dimon Jamie Dimon, the chair and chief executive of JPMorgan Chase, has issued a stark warning about the possibility of a significant stock market correction. In a recent interview with the BBC, Dimon said he was “far more worried than others” about market risks and…