SINGAPORE - Singapore’s sovereign wealth fund GIC told The Straits Times that its third-part agent has paid a 120.6 million won (S$105,000) fine for naked short-selling. Naked short-selling is selling a stock short without first borrowing the shares or arranging to borrow them, creating a “failure »»»

Agencies The growing influence of stablecoins is beginning to reshape how some Chinese firms conduct cross-border settlements. First, some overseas importers face regulatory barriers that restrict them from using traditional US dollars. They can, however, pay with US dollar-backed stablecoins. Over»»»

The White House has launched an official account on Chinese-owned TikTok less than a month before President Trump is set to ban the social media platform. A 2024 data protection law required TikTok to stop operating by January 19 of this year unless ByteDance, the app’s mother company, had sold off»»»

The Chinese Embassy in Manila on Tuesday insisted its right to sanction former senator Francis Tolentino despite protests from the Philippine government, saying its action is within its legal prerogative.Chinese Ambassador Huang Xillian was ... »»»

MANILA: The Philippines’ foreign ministry has summoned China’s ambassador to Manila over Beijing’s imposition of sanctions against former senator Francis Tolentino, the president’s office said on Tuesday. Tolentino, who lost his bid for a second term in the Philippines’ midterm elections in May, wa»»»

As inflation starts to slowly ramp up across the world, the US is gradually heading for a recession as the American economy shrank through Q1, reports cash buyer GMS, and the U.S. Dollar has weakened against some recycling nation currencies. The Baltic Exchange Dry Index reported increases this wee»»»

Best Oasis added that “a strong external driver is needed to break the cycle of stagnation and selective buying. Reports suggest that the administration of the U.S. is mulling over Russia’s sanction lift as a part of diplomatic dealings regarding Ukraine. In the event that this occurs, then the glo»»»