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French prosecutors have charged HSBC's Swiss subsidiary over alleged money laundering and criminal conspiracy linked to former Lebanese central bank governor Salameh, including embezzlement, breach of trust and bribery of public officials.
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Hong Kong stocks fell below 25,000 in the afternoon, with the HSI at 24,929.94, down 323.46 points. The Tech Index and the H-Share Index also weakened, AIA and HSBC were under pressure, and SMIC fell more than 6% intraday.
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Valuable Capital Securities has issued a notice saying that from June 15 it will adjust services for existing clients in mainland China, suspending new positions and add-ons while keeping only sell and close-position functions; fund and securities transfers in will also be suspended.
The Southbound Stock Connect constituent list under Shanghai-Hong Kong Stock Connect has been adjusted, with Zhipu (02513) and Biren Tech (06082) among six stocks added, effective from the next Stock Connect trading day.
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Lean hog futures settlement prices fell, with the most active contract down 2.9% to 98.7 cents per pound, marking a second straight day below the $1 mark; live cattle futures were nearly flat.
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One Victoria Cove Phase 4 (Tower 5) has unveiled its first price list, covering 60 two-bedroom units. Discounted prices start from HK$6.8805 million, with discounted prices per square foot from HK$20,331.
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Chen Shenghui said global steel demand growth is forecast at just 0.3% in 2026, but Asian demand remains resilient. Singapore is strengthening its role as a ferrous trading and green-transition hub.
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Progress in the US-Iran peace talks eased fears of a collapse, lifting most Asian markets. Singapore’s STI rose 0.22%, and Japan’s Nikkei set another record close.
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Singapore ranked first in the 2026 Global Crypto-Friendly Cities Index, thanks to regulatory clarity, tax efficiency, institutional-grade infrastructure and high adoption.
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Progress in the US-Iran peace talks eased fears of a collapse, lifting most Asian markets. Singapore’s STI rose 0.22% and moved back above 5,200, with AI and semiconductors leading the gains.
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Singapore ranks first in the 'Most Crypto-Friendly City' index, with scores from regulatory transparency, tax efficiency, institutional infrastructure, and daily adoption, boosting Asia-Pacific digital asset competitiveness.
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Zambia announced an agreement with the U.S. Millennium Challenge Corporation to partially redirect $491 million in agricultural aid toward critical minerals infrastructure. The move marks a shift in its economic strategy from traditional agriculture toward a dual track of mining-led growth and farming, and also reflects the strategic calculations of an inland African country amid global competition over critical mineral supply chains.
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The UK government has announced a £50 million investment plan to expand domestic critical minerals production, aiming to hedge against the risks of highly concentrated global supply chains and build a closed-loop mineral security system from mining and processing to recycling, with far-reaching implications for the future of UK industry and the restructuring of global supply chains.
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Galaxy Micro-Electronics resumed trading with a 20% daily limit up, proposing to acquire Htek and other assets via share issuance with matching funds. The M&A aims to fill gaps in medium-high voltage power semiconductors; valuation pending, integration is key.
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Anthropic's technical blog says over 80% of its code is generated by Claude, engineering productivity has risen 8x, and AI autonomous iteration is advancing faster than expected. The article outlines three industry trajectories, warns about recursive self-improvement risks, and calls for a moderate slowdown in frontier AI R&D; meanwhile, the company has secretly filed for an IPO targeting a valuation above US$1 trillion.
