Singapore jails Chinese national 15 months for role in US$2.2 billion money laundering case
A 45-year-old man linked to Singapore’s largest money laundering case was sentenced to 15 months’ jail on Tuesday.
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HSBC chief exec Noel Quinn to retire; Q1 profit narrowly beats estimate
HONG KONG -- HSBC Holdings CEO Noel Quinn is set to retire, the bank announced Tuesday, as it revealed its first-quarter earnings and offered an update on the long-awaited sale of its Russia operations.
Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
JAKARTA, Indonesia (AP) — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday.
India election: will lower voter turnout make Modi ‘jittery’ and dent BJP’s chances of winning a majority?
India’s ruling Bharatiya Janata Party (BJP) has banked on the immense popularity of Prime Minister Narendra Modi to ensure it wins a majority in parliament in this year’s general election, but analysts say a drop in voter turnout could make the party “jittery” about achieving that goal.
Policy continuity is key if India wants to see strong economic growth in the next 5 years, Nomura says
Optimism in India's growth shows little signs of slowing, but policy continuity will be crucial if it wants to see strong growth in the next five years, Rob Subbaraman, Nomura's chief economist and head of global markets research Asia ex-Japan, said.
Singapore sees fewer new Chinese family offices after money-laundering crackdown
Some of those suspects had links to the city state’s around 1,400 single family offices – private wealth-management entities established to oversee and manage the financial affairs of a single affluent family or individual.
Japan’s e-scooter accidents jump 6-fold after easing of rules
Traffic experts have warned of the risks of fatal accidents as the number of scooter users increases, and public awareness regarding the traffic rules associated with this relatively new form of transport seems to be low.
Tornado Kills 5 in Guangzhou, a Chinese City Battered by Recent Rains
A tornado that swept through the southern Chinese economic hub of Guangzhou killed five people and damaged scores of factory buildings on Saturday.