Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Major South Korean banks are rushing to establish their presence in Singapore, which is replacing Hong Kong as Asia's financial hub.
Hana Financial Group Inc. and KB Kookmin Bank recently obtained preliminary approval to establish an asset management company and operate banking business in Singapore.
The two South Korean banking giants are expected to receive final approval in the third quarter and begin operations by year's end.
Singapore hosts nearly 40 percent of Southeast Asia's fintech companies.
KB Kookmin Bank received a preliminary permit for a wholesale banking license, which allows it to engage in include corporate banking, investment banking, and brokerage services but not for retail banking.
KB Kookmin Bank plans to eventually establish its Asian loan review center in Singapore to cover the Southeast Asian market.
Meanwhile, Hana Financial Group's envisioned asset management firm in Singapore will be its first such company overseas.
The group hopes to use its entry into Singapore's asset management market to secure a key Asian market that would act as a springboard to its global expansion.
Hana Financial is said to be eyeing to take over a Singaporean asset management company once it acquires the final permit to offer its services in the country.
