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Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxCIMB Group has appointed Mak Joon Nien as CEO of Growth Markets and CEO of CIMB Singapore, subject to regulatory approval.Mak will be based in Singapore and will join the CIMB Group Executive Committee.In his role as CEO of Growth Markets, he will lead CIMB Singapore and oversee CIMB Thailand and CIMB Cambodia.His focus will be on accelerating business growth, strengthening cross-border connectivity and advancing regional opportunities.Novan AmirudinNovan Amirudin, Group CEO of CIMB Group, said,“Growth Markets is a key pillar of CIMB’s ASEAN strategy, and Mak’s deep regional…

June WTI crude oil (CLM26) today is down -3.36 (-3.53%), and June RBOB gasoline (RBM26) is down -0.0862 (-2.49%).  Crude oil and gasoline prices are sharply lower for a second day today on optimism that a US-Iran peace deal is imminent.  The markets await further updates after the US presented a proposal to Iran that would gradually reopen the Strait of Hormuz and lift the US blockade on Iranian ports.   Iran is expected to respond via Pakistan in the next few days.Crude prices slumped today after Al Arabiya, a Saudi-affiliated outlet, reported that agreements had been reached to ease…

IMF warns AI tools such as Mythos threaten financial stabilityNewsflash: The International Monetary Fund is warning that financial stability risks are rising as artificial intelligence fuels cyber-attacks.In a new blogpost, just published, the IMF singles out Claude Mythos as an example of how quickly risks are increasing.The Fund is calling for “resilience, supervision, and international coordination” to safeguard global financial markets, and protect them against attackers with new AI tools.It warns that AI tools such as Mythos can “dramatically” cut the time and cost needed to identify and exploit vulnerabilities, which raises the risk of weaknesses in key systems being…

Three people with suspected hantavirus, including a British doctor who is a crew member, have been medically evacuated from a cruise ship.The 56-year-old Briton, along with a Dutch colleague aged 41 and a 65-year-old German, were taken from the Dutch-flagged cruise ship MV Hondius for onward travel to the Netherlands, the World Health Organization (WHO) said.Spanish health officials said the British medic was in a more stable condition, having previously been in a critical condition.The WHO said there are eight cases, five of them confirmed.The evacuation means the ship, with close to 150 people onboard, can now continue on its…

Michael Barr (left) and Sam Woods Prolonged conflict in the Middle East could push up inflation for longer and place additional pressure on job markets globally, Michael Barr has said. At an event on May 5 by Magdalen College in Oxford, the Federal Reserve governor said elevated global energy prices could “bleed over” into other goods and services. “The longer they stay higher, the more pressure it puts on inflation, and the more it’s likely to increase stresses in the labour market globally, [although] more seriously in Europe Only users who have a paid subscription or are part of a corporate…

Live Nation has seen international fan count exceed domestic attendance recently, and Vivid Seats recently called out some pressure on the Las Vegas market.

AMD is exploding 16.10% to 16.89% on Wednesday, May 6, 2026, with the stock trading between $412.46 and $413.30 against the prior close of $355.26 — a single-session move that has erased every cautious framing the Street had been trying to apply to the name in recent weeks. The market capitalization now sits at $579.19 billion, putting AMD in genuine megacap territory and forcing a meaningful reassessment of how the buyside should think about position sizing in a stock that has already ripped roughly 70% over the past month and is up materially since the late-October base near $190.95. The…

At least two people departed the MV Hondius cruise ship in late April and one has tested positive for the Andes strain, a type of hantavirus.

May 2026 Pretend or Amend? On Evergreening in CRE David Glancy Abstract: Loan modifications can either amplify or mitigate credit losses depending on the strategy lenders employ. Using detailed supervisory data and a model incorporating various frictions that could encourage modifications (liquidity constraints, foreclosure costs, and loss recognition costs), I assess why banks extend CRE loans. I find that extensions predominantly address temporary payment frictions, both in normal times and following the Spring 2023 bank stress episode. Contrary to concerns about banks “extending-and-pretending” following that episode, banks increased income and principal paydown requirements for extensions, contributing to strong…

People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | ReutersAMC Theatres is bringing live concerts to the big screen.The world’s largest theater company has partnered with Arena One, a live entertainment technology company, to bring real-time concert events to theatrical audiences. AMC has been at the forefront of theatrical music content in recent years, most notably distributing Taylor Swift’s “Eras Tour” and Beyonce’s “Renaissance” filmed concerts. The new partnership marks something of a bridge between a scheduled screening and a simulcast event — and offers customers a fresh reason to go…