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(July 29): Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.
SINGAPORE (July 22): China is not just the world’s largest exporter of goods; it is now the world’s largest exporter of capital, too. Of course, these two facts are linked. China earns so much from being the world’s factory, and the spending of its
SINGAPORE (Jan 11): Sunvic Chemical Holdings says two of its subsidiaries, Yixing Yinyan Import & Export Co and Jiangsu Jurong Chemical, have each received letters of demand regarding corporate loans amounting to about RMB 222.5 million ($44.3 million).
SINGAPORE (Sept 11): Validus Capital, a Singapore-based SME financing platform, has raised more than $120 million in funding for Singapore-based SMEs and businesses through its platform.
SINGAPORE (Apr 18): OCBC Bank today launched its artificial intelligence (AI) powered voice banking service to serve as a medium for its banking customers’ interaction and engagement via the Google Assistant function on a smartphone or a Google Home dev
SINGAPORE (March 13): Ride-hailing operator Grab is growing its share in the competitive Southeast Asian financial market. The start-up today announced a partnership with Credit Saison, Japan’s largest credit card company, to provide loans and lending s
SINGAPORE (Dec 8): Noble Group Ltd., the embattled commodities trader, faces several significant deadlines as it wrestles with a US$3.5 billion debt restructuring.
SHANGHAI (Oct 17): They’ve made billions of dollars helping sell everything from iPhones to hairdryers on China’s burgeoning online shopping platforms. Now, tech giants led by Alibaba Group Holding Ltd.’s finance affiliate are making money off the l
SINGAPORE (Oct 5): A gaping rift between Wall Street and Main Street remains even a decade on from the global financial crisis (GFC) as financial systems around the world continue to function without a core purpose, according to an associate editor and gl
SINGAPORE (July 31): Singapore's total bank lending in June rose 7.6% compared to a year earlier, helped by increases in housing and bridging loans, central bank data showed on Monday.