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Singapore Biz Review

Jinchuan’s Ruashi Mining hit with DRC verdict: CEO Wang Tao gets 18 months in jail

Jinchuan’s Ruashi Mining hit with DRC verdict: CEO Wang Tao gets 18 months in jail

Ruashi Mining, a key African subsidiary of China’s Jinchuan Group, has been fined USD 10 million and its CEO jailed in the DRC. A landmark ruling with major implications for Chinese corporate governance abroad.

EY Slammed with Fine for Audit of Scottish Water Company

EY Slammed with Fine for Audit of Scottish Water Company

Serial Regulatory Breaches One of the Big Four accountancy firms, EY, has been fined £500,000 (discounted to £325,000) by the Financial Reporting Council (FRC) for its audit of Stirling Water Seafield Finance, a Scottish water company owned by French utilities group Veolia. The FRC launched its inquiry in

Guernsey Finance Welcomes Paul Sykes as New Chairman

Guernsey Finance Welcomes Paul Sykes as New Chairman

Leadership Transition Guernsey Finance, the island’s marketing body for its financial services sector, has welcomed Paul Sykes as its new Chairman. Sykes, Managing Director of Aon Guernsey, takes over from Deputy Lyndon Trott OBE, who was Chairman from 2016 to 2025. Sykes, a widely respected figure in the island’

Broadridge Unveils Platform to Simplify and Scale Institutional Digital Asset Adoption

Broadridge Unveils Platform to Simplify and Scale Institutional Digital Asset Adoption

Broadridge launches a new platform to help financial institutions scale digital asset strategies while ensuring regulatory compliance. Powered by ClearFi, it delivers unified data and bridges traditional and decentralized finance.

Public Storage and Ki Team Up for Strategic Bid on Abacus Storage King

Public Storage and Ki Team Up for Strategic Bid on Abacus Storage King

Public Storage (NYSE: PSA) and Ki have submitted a non-binding indicative proposal to acquire Abacus Storage King (ASX: ASK) at A$1.47 per stapled security.

FTSE 100 Dips Sharply Amid Growing Global Trade Tensions

FTSE 100 Dips Sharply Amid Growing Global Trade Tensions

As the U.S.–China trade conflict escalates, the FTSE 100 and global markets see significant losses. Investors brace for further volatility amid fears of an economic slowdown.

Bank of England maintains interest rates amid global trade tensions

Bank of England maintains interest rates amid global trade tensions

In a move reflecting caution amidst escalating global trade disputes, the Bank of England (BoE) has opted to keep its benchmark interest rate steady at 4.5%.