Caproasia https://validator.w3.org/feed/docs/rss2.html Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest Latest United States-UK Access Industries Billionaire Leonard ‌Blavatni (Age 68) with $42 Billion Fortune Restructures UK Sports Entertainment Platform DAZN with Cayman Islands Holding Company and Plans for IPO or Equity Raise, DAZN Founded in 2016 Germany Electricity Grid Power Transformer Company SGB-SMIT Group Plans IPO at $4.6 Billion (€4 Billion) Valuation, Formed in 2008 with Merger of SGB (Starkstrom-Gerätebau GmbH) & SMIT (Willem Smit & Co’s Transformatorenfabriek), Acquired by United States $16 Billion Private Equity Firm One Equity Partners (OEP) in 2017 China Autonomous-Driving Company Momenta Plans Hong Kong IPO to Raise $1 Billion after Receiving China Regulatory Approval, Founded in 2016 by Cao Xudong China AI Content Design Startup LiblibAI Parent Evoken Technology Raised $300 Million in Series B+ Funding Round at $2 Billion Valuation, Founded in 2023 by Chen Mian as Beijing Qidian Xingyu Technology, Investors Include Hillhouse Capital, Hongshan Capital Group, Ant Group, Tencent, Shunwei Capital, CMC Capital, Granite Asia, HT Investment & Times Capital Top 21 Foreign Holders of $9.3 Trillion United States Treasury Securities in 2026 April: Japan $1.2 Trillion, United Kingdom $938 Billion, China $651 Billion, Cayman Islands $472 Billion, Belgium $460 Billion, Luxembourg $431 Billion, Canada $397 Billion, France $393 Billion, Ireland $345 Billion, Taiwan $301 Billion, Switzerland $289 Billion, Singapore $278 Billion, Hong Kong $269 Billion, Norway $215 Billion, India $181 Billion, Brazil $169 Billion, Saudi Arabia $140 Billion, South Korea $135 Billion, Israel $113 Billion, UAE $113 Billion, Others $1.9 Trillion  Malaysia Government Announced Update to Asset Declaration & Shareholding Threshold for Government Civil Servants, 1) Declaration of Shareholdings are Required & 2) Allowed to Hold Limit of 5% Shareholding in Paid-Up Capital or $72,500 (MYR 300,000) Value (Whichever is Lower), Approval is Required for Shareholdings Above Limit, Previous Limit was $24,200 (MYR 100,000) MSCI Indonesia 2026 May Review: Downgrades Indonesia Information Flow to Negative Due to Limited Transparency in Shareholding Structures, Coordinated Trading Behaviour & Lack of Corporate Disclosure in English Language, Indonesia Major Stock Index IDX Composite -28.6% YTD, -11.4% Last 12 Months & +2.8% Last 5 Years UAE Dubai-Based Crypto Exchange Bybit with 85 Million Users Added to Singapore MAS Investor Alert List Which Lists 909 Non-Licensed Firms Offering Financial Services in Singapore, Hong Kong SFC Issued Warning in 2024 of Unlicensed Virtual Asset Trading Platform Bybit, Bybit Has 85 Million Users & Reports $20 Billion Average Daily Trading Volume, Founded in 2018 by Ben Zhou Yuchen & Yaxi Zhu KPMG Australia Client Data Leak Scandal: 1) KPMG Whistleblower Pressured to Resign from KPMG, 2) Whistleblower Computer was Secretly Searched for Possible Leak of KPMG Confidential Information, 3) Australia $1.4 Billion Real Estate Company Lendlease to Change Auditor from KPMG for Breach of Trust, 4) KPMG Global COO & Next New CEO Gary Wingrove & Head of Audit Julian McPherson Issued Apologies, 5) ex-KPMG Australia CEO Andrew Yates $700,000 (AUD 1 Million) Bonus Withheld UK Collapsed Mortgage Finance Company Market Financial Solutions (MFS) with $1.7 Billion Shortfall – $397 Million (£300 Million) of Mortgage Portfolio from Related Company Twinwin Ltd Not Registered (Property Lien), Twinwin Ltd is Held in Trust by Accountant Khemenand Hurhangee for Market Financial Solutions (MFS) Founder & CEO Paresh Raja, Accused of Receiving $551 Million (£408 Million) into Personal Bank Accounts in UK, Monaco, UAE & Singapore, Transferred at Least $1.7 Billion (£1.27 Billion) to Fund Lavish Lifestyle Including Buying 3 Rolls-Royce, 3 Ferrari, 3 Aston Martin & 2 Mercedes, Own Indirectly $1.3 Billion (£950 Million) of UK Residential Properties Singapore Fintech & Brokerage Longbridge Group Opens New Office in Singapore at Asia Square Tower 2 & Will Open Longbridge Cafe Singapore (Guoco Tower in Tanjong Pagar) in 2026 Q3, Longbridge Group Has 3 Business Segments in Securities, Technology & AI (Longbridge, LONGPORT Whale & LongbridgeAI), Longbridge Group Founded in 2019 by Nowa Zhu & Gavin Hu London Metal Exchange (LME) to Launch Shanghai Futures Exchange (SHFE) Steel Futures Contract (LME Steel HRC Shanghai) in 2026 October to Allow Traders Outside China to Trade & to Settle in Cash India $11.5 Billion Wealth & Asset Management Firm InCred Capital Launches Operations in United States with Opening of New York Office, Hires ex-JP Morgan & JM Financial Securities CEO Arunava Das as CEO of North America, InCred Capital is Subsidiary of InCred Group Founded in 2016 by ex-Deutsche Bank Head of Investment Banking APAC Bhupinder Singh Singapore $324 Billion Temasek Senior Management Appointments: 1) Mapletree Investments CFO Wendy Koh Appointed as Chief Financial Officer (CFO) Designate in 2026 August (1/8/26) & Will Assume CFO Role in 2026 October (1/10/26), 2) Png Chin Yee Will Relinquish Role as CFO & Continue as Temasek Singapore President, 3) Canada Pension Fund OMERS Ralph Berg Hired as Head of Europe and Head of the New Energy & Industrials (NEI) and Mobility & Logistics Teams, 4) Temasek Global Investments President Nagi Hamiyeh Takes on Expanded Role to Focus on Driving Strategic Performance & Outcomes Across Temasek Global Investments Portfolio Citigroup Appoints 19-Year Veteran Rajeev Garg as Head of Wealth for Citibank UAE (18/6/26) to Lead Wealth Business in UAE (Include Citigold, Citigold Private Client & Credit Cards), Citi Private Bank Will Continue to be Led by Mohannad Sleiman Hong Kong-Singapore MFO Raffles Family Office Hires 2 Senior Wealth Planners from UBS & DBS Private Bank with 1) 17-Year Credit Suisse Veteran Eileen Wee (UBS, Credit Suisse, HSBC & DBS Private Bank) as Head of Wealth Planning for Southeast Asia & 2) DBS Private Bank Daniel Lai (DBS Private Bank, Standard Chartered Bank, HSBC) as Head of Wealth Planning for Greater China Canada $1.1 Trillion RBC Wealth Management Hires 4 Senior Private Bankers in Hong Kong with 1) China Construction Bank Deputy General Manager of Private Banking Amanda Yeung (China Construction Bank, Credit Suisse, DBS & HSBC) as Team Head, 2) Felix Yuan (Standard Chartered Bank, Credit Suisse, BNP Paribas & China Merchants Bank) as Director, 3) Anthony Shiu (BNP Paribas, Citi Private Bank, CMB Wing Lung Bank, Merrill Lynch, ABN AMRO & Shanghai Commercial Bank) as Director & 4) Desmond Kwong (BNP Paribas, Julius Baer & HSBC) as Director United States Heart Drug Biotech Company Kardigan Nasdaq IPO Share Price Increased +37.5% on Day 1 Trading (18/6/26: IPO Price $16, Closing $22) to $2 Billion Market Value & Raised $400 Million in IPO, Co-Founded in 2023 by Tassos Gianakakos IMD Top 20 Most Competitive Economies 2026: Singapore, Hong Kong, Switzerland, Taiwan, UAE, Denmark, Ireland, Netherlands, Sweden, United States, Qatar, China, Saudi Arabia, Luxembourg, Malaysia, Canada, Australia, Norway, Finland & Bahrain