AFP Asia Business
Tougher Singapore crypto regulations kick in
Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector.The city-state’s central bank last month said digital token service providers (DTSPs) that served only overseas clients must have a licence to continue operations past June 30 — or …
China’s top diplomat visits Europe pitching closer ties in ‘volatile’ world
China’s top diplomat heads to Europe on Monday for a visit which Beijing said will highlight ties as an “anchor of stability” in a world in turmoil.Wang Yi’s tour will take him to the European Union’s headquarters in Brussels as well as France and Germany as China seeks to improve relations with the bloc as …
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China manufacturing shrinks in June despite trade war respite
China’s manufacturing activity ticked up in June but remained in contraction territory, official data showed on Monday, as the truce in its trade war with the United States held.The Purchasing Managers’ Index — a key measure of industrial output — came in at 49.7, according to the National Bureau of Statistics (NBS).The figure was higher …
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