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  • ✇Bloomberg Markets
  • Singapore Police Raid Radiant World Office as Probe Widens
    Singaporean police raided the local office of iron ore trader Radiant World last week and questioned some of the firm’s employees, according to people familiar with the matter, part of an investigation into the company’s transactions after some counterparties raised concerns about allegedly falsified documents.
     

Singapore Police Raid Radiant World Office as Probe Widens

Singaporean police raided the local office of iron ore trader Radiant World last week and questioned some of the firm’s employees, according to people familiar with the matter, part of an investigation into the company’s transactions after some counterparties raised concerns about allegedly falsified documents.

OCBC to Raise Annual Tech Spending to More Than $771 Million

Oversea-Chinese Banking Corp.  plans to increase its annual technology spending, including on artificial intelligence, to more than S$1 billion ($771 million), said a top executive.

A logo displayed at the Oversea-Chinese Banking Corp. (OCBC) headquarters in Singapore. Photographer: Ore Huiying/Bloomberg

AllianzGI Is Said in Exclusive Talks to Buy UOB Asset Management

Allianz Global Investors is in exclusive talks to buy the asset management division of Singapore’s United Overseas Bank Ltd., according to people familiar with the matter.

UOB Plaza in Singapore. Photographer: Bryan van der Beek/Bloomberg

OCBC Is Said to Emerge as Lead Bidder for HSBC Indonesia Assets

Oversea-Chinese Banking Corp. has emerged as the preferred bidder to buy HSBC Holdings Plc’s retail assets in Indonesia, people familiar with the matter said, as the Singaporean lender seeks to boost its presence in Southeast Asia’s largest economy.

Logos displayed at the Oversea-Chinese Banking Corp. headquarters in Singapore. Photographer: Ore Huiying/Bloomberg
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