The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd. under its current form. Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms,

Singapore's government has decided it would not be in the public interest for German insurer Allianz to buy a majority stake in Singapore's Income Insurance for about $1.6 billion, Channel News Asia reported on Monday,

Singapore's central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter though analysts are betting on a loosening in policy early next year to guard against external risks.

Singapore’s growth momentum has picked up and the negative output gap is projected to close in H2 2024,” the MAS said.

Singapore’s central bank kept its monetary settings unchanged, defying a global wave of policy easing as the city-state’s economy powered ahead in the third quarter.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms,