AFP Asia Business
Disgraced Singapore oil tycoon sentenced to nearly 18 years for fraud
The founder of a failed Singapore oil trading company was sentenced Monday to nearly 18 years in jail for cheating banking giant HSBC out of millions of dollars in one of the country’s most serious cases of fraud.Lim Oon Kuin, 82, better known as O.K. Lim, was convicted in May in a case that dented …
Disgraced Singapore oil tycoon sentenced to nearly 18 years for fraud Read More »
Markets swing after Wall St losses as traders weigh US rates outlook
Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.A warning from US central bank boss Jerome Powell that reductions in borrowing costs were not preset dented optimism last week, while traders were also …
Markets swing after Wall St losses as traders weigh US rates outlook Read More »