Scammers use forged company letter to trick Singapore petrochemical firm into transferring US$12.8 million

The revised guideline is expected to take effect in 2027.

Five of China’s largest state-owned banks reported quarterly profit growth of between 6% and 11%.

Property sales have slumped, falling 23% from a year earlier and standing 18% below the five-year average.

It is a relatively soft blow to its overall business in the wake of the largest cyber theft in history.