China’s New Home Prices Post Sharpest Drop Since 2022 Amid Ongoing Property Slump 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
Argentina Tax Reform 2026: President Javier Milei Pushes Lower Taxes and Structural Changes 
U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street 
Gold Prices Steady in Asia, Set for Strong February Gains on Safe-Haven Demand 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Flare, Xaman Roll Out One-Click DeFi Vault for XRP Yield via XRPL Wallets 
Oil Prices Surge 13% as U.S.-Israel Strikes on Iran Spark Supply Fears 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
MOEX Russia Index Hits 3-Month High as Energy Stocks Lead Gains 
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Nvidia to Launch New AI Inference Processor to Boost OpenAI Performance 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Australia Targets AI Platforms With Strict Age Verification Rules 
AWS Data Center in UAE Hit by Fire After Objects Strike Facility Amid Regional Tensions 
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.
