Caproasia https://validator.w3.org/feed/docs/rss2.html Kazakhstan 2nd Largest Oil Field Kashagan Key Shareholder KazMunayGas (16.88% Stake) to Pay Part of $5 Billion Sulphur Environmental Fine after Kazakhstan Court Ruling, Kashagan Stakeholder North Caspian Operating Co (NCOC) is Appealing the Fine in International Arbitration, North Caspian Operating Co (NCOC) is Joint Venture Between Eni, Shell, TotalEnergies, Exxon, Inpex Corp & China National Petroleum Corp 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 China Corruption: Ex-Deputy Director of China Banking & Insurance Regulatory Commission Zhang Jinsong Sentenced to 16-Year Jail Term for Bribery & Fined $370,000 Latest UK $75 Billion Fintech Revolut Launches Revolut Bank Australia after Receiving Approval for Full Australian Deposit-taking Institution (ADI) Licence & Will Protect Eligible Deposits of AUD 250,000 Per Account Holder, Recently Launched Revolut Bank in Mexico & Received In-Principle Approval for Crypto Services in UAE with Virtual Assets Service Provider (VASP) Licence from the Virtual Assets Regulatory Authority (VARA) in Dubai Bank of China Singapore Receives Singapore MAS Approval to Become Primary Dealer in Singapore for Singapore Government Securities (SGS) or MAS-Issued Securities Auctions, First China Bank to be Granted Primary Dealer, Total 13 Primary Dealers in Singapore are ANZ, Bank of America, Bank of China, Barclays, BNP Paribas, Citibank, DBS Bank, Deutsche Bank, HSBC, Maybank, OCBC, Standard Chartered Bank & UOB London Stock Exchange Group (LSEG) to Launch New 24-Hour Trading (Weekdays) Venue London Stock Exchange 24 (LSE 24) in 2027 with Exchange Traded Products (ETPs) as First Asset Class, Client Testing to Start in 2026 Q4 Malaysia HLB Private Bank Launches Private Markets & Funds Access for Malaysia Investors with 2 Funds 1) Global Private Equity Fund-of-Funds II & 2) Private Markets Evergreen Income Fund (Resilient Income Generation) Malaysia 2nd Largest Bank $20 Billion CIMB Bank Launches CIMB Private Wealth for Affluent Clients in ASEAN with Access to 1) Comprehensive Wealth Solutions Across Investment & Protection Including Conventional & Shariah-Compliant Solutions, 2) Personalised Advisory with Dedicated Senior Relationship Managers, Certified Investment Advisors & My Wealth Service on CIMB OCTO Digital Banking App and 3) Premium Privileges & CIMB Private Wealth World Elite Card Benefits Indonesia Approves New International Financial Centre Zone with 1) 0% Income Tax for Selected Businesses & Foreigners (Financial Sector Experts), 2) Non-Resident Tax Status to Foreigners with Golden Visas, 3) Tax Exemption (Include Withholding Tax) for Dividends & Investment Returns, 4) Value-Added Tax Waiver, 5) Luxury Goods Sales & Import Duties Waiver, 6) Businesses Not Allowed to Raise Indonesia Public Funds, 7) Businesses Not Allowed to Conduct Businesses with Indonesia Customers Outside of International Financial Centre, 8) Allowed Businesses Include Banking, Insurance, Pension Services, Capital Markets, Bullion, Family Offices, Financial Activities & Professional Services (Include Accounting, Legal Counsel & Financial Consulting), 9) Financial & Administrative Autonomy with Special Legal Provisions, Special Court & Arbitration Body, 10) International Financial Centre Zone Led by Council Which is Led by Governor Indonesia $1 Trillion Sovereign Wealth Fund Danantara (BPI Danantara) to Launch Single Integrated Platform in 2026 September to Oversee Exports of Strategic Commodities (Include Coal, Palm Oil) to Improve Governance & Prevent Misconduct (Include Under-Invoicing & Transfer Pricing), New Platform Operated by Subsidiary Danantara Sumberdaya Indonesia (DSI) France $2.8 Trillion Asset Manager Amundi Hires Allianz Global Investors 11-Year Veteran Jason Lim as Head of Distribution & Wealth Sales South Asia ex-Malaysia & Thailand Based in Singapore, 20 Years Asset Management & Financial Industry Experience at Citibank, Franklin Templeton, Aberdeen Asset Management & Allianz Global Investors Latest Latest United States $92 Billion Real Estate Investment Manager Hines Appoints 11-Year Veteran Amit Diwan as Head of APAC & Middle East, 25 Years Real Estate, Investment & Consulting Experience at Hines (Joined 2015), Piramal Fund Management, Jones Lang LaSalle, GE Real Estate & Marakon and Held Senior Roles at Hines Including as Head of India & Middle East Monetary Authority of Singapore (MAS) to Issue $1.6 Billion (S$2.1 Billion) SGD 20-Year Green Infrastructure Bond with Maturity 2046 Hong Kong Exchange Fund Bills Tender Results 21st July 2026 – $8.5 Billion 3-Month Bills Average Yield at 2.71%, $1.6 Billion 6-Month Bills Average Yield at 2.84% Prudential Singapore Launches New Indexed Universal Life Plan (PRUApex Legacy Index II) for Affluent & HNW Clients, Features Include 1) Fixed Account with 2% p.a. Guaranteed Minimum Crediting Rate & 4.2% 1st-Year Crediting Rate, 2) Insurance Premium Allocation in Range of Indices & Volatility-Controlled Indices (S&P 500, MSCI Emerging Markets, EURO STOXX 50, S&P 500 FC, UBS MASTR, Barclays Shiller Allocator & MSCI World Golden Compass), 3) Death Benefits Payment Options via Single Lump Sum or 2-Year to 10-Year Payment Period and 4) Premium Payment Options of Single-Premium or Multi-Pay Options (Up to 20 Years) China $1 Billion AI Startup 01.AI Plans Hong Kong IPO in 2027, Founded in 2023 by Dr. Kai-Fu Lee (Ex-President of Google China) United States Sandwich Franchise Jersey Mike’s Subs NYSE IPO to Raise $1.1 Billion at $8 Billion Valuation, Founder & CEO Peter Cancro Started Working at Mike’s Subs New Jersey Location in 1956 and Acquired the Location in 1975 at Age 17 for $125,000, Jersey Mike’s Sub Has More than 3,000 Locations United States $137 Billion Logistics REIT Prologis Makes Improved $18.2 Billion (£13.5 Billion) Offer to Buy UK Warehouse & Logistics REIT Segro from Previous $16.6 Billion (£12.6 Billion) Buyout Offer, Segro Founded in 1920 as Slough Trading Estate, Segro Current Market Value at $16.4 Billion, Share Price +26.4% YTD, +34.9% Last 12 Months & -25.3% Last 5 Years China Steel Company Jingye Group Demands Full Compensation for Investment Losses on British Steel Ltd after UK Government Nationalized British Steel Ltd Which is Owned by China Steel Company Jingye Group, British Steel Ltd Management was Taken Over by UK Government in 2023 to Prevent Jingye Group from Stopping Operations after Incurring Huge Losses (£231 Million) European Commission Fines $295 Billion Alibaba Group Unit AliExpress $628 Million (€550 million) for Sale of Illegal, Unsafe & Counterfeit Products (Include Clothing, Toys & Cosmetics) on e-Commerce Platform Latest Latest