Singapore Financial News

Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.

South Korean President Yoon Suk Yeol has met with his Indonesian counterpart, Joko Widodo, to deepen economic ties and defense cooperation amid heightened global geopolitical tensions

When it comes about showering love, scolding, and sharing stories of yore, there is no match of our grandparents. They are always ready with their words of wisdom to help in solving problems. Every year, Grandparents day is celebrated on September 10 to cherish the love and affection showered by our elders.

₹1.5 lakh crore) each, will be a long-term investment for Australia. These subs are not expected to be operational until past the midpoint of the century. Meanwhile, ‘Ghost Sharks’, which are expected to cost just above AUD$23 million (around ₹123 crore) each, are planned for delivery by mid-2025.

(Reuters) — The British government has signed a partnership with Singapore to grow its economy and enhance shared security, Downing Street said on Friday, adding it was the UK's first treaty since leaving the European Union.

Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.

Digital asset exchange Coinbase sets out plans for a global expansion flagging jurisdictions outside the United States as “near-term priority markets.”

British financier Guy Hands has been forced to grant a lease to Mike Cannon-Brookes’ Sun Cable after legal proceedings which revealed his Terra Firma vehicle was the third bidder in an auction that ultimately handed control of the collapsed project to the Atlassian billionaire’s Grok Ventures.

A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. raised about £2 billion ($3.4 billion) by offloading shares in London Stock Exchange Group PLC (LSEG) via an overnight placing.

South Korean President Yoon Suk Yeol has met with his Indonesian counterpart, Joko Widodo, to deepen economic ties and defense cooperation amid heightened global geopolitical tensions

South Korean asset management giant Mirae Asset Securities has partnered with Polygon Labs to advance tokenization and Web3 onboarding within traditional finance.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Southeast Asian all-in-one app Grab has added support for a Polygon-based Web3 wallet and non-fungible token (NFT) vouchers. 

The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers. 

By Emily Chow and Lewis Jackson

Covid-19 pandemic, DPI enabled emergency support to be directly delivered to the digital wallets of those in need as well as helped facilitate swift vaccine distribution. The India Stack exemplifies this approach, combining digital ID, interoperable payments, a digital credentials ledger, and account aggregation," the report said quoting United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) and Honorary Patron of the GPFI Her Majesty Queen Máxima of the Netherlands.

Stock market: Defense stocks have been in focus for the few years, especially after the outbreak of Russia-Ukraine war. Both domestic institutional investors (DIIs) and foreign institutional investors (FIIs) have been buying stake in defense stocks. But, during April to June 2023 quarter, FIIs have bough heavily in good number of defense stocks in first quarter of the current financial year.

Manmohan Singh and HD Deve Gowda have also been invited to the G20 Summit dinner, according to ANI news agency report. The national capital is all decked up magnificently to hold the G20 Summit on September 9 and 10. Meanwhile dignitaries from across the world have started arriving in Delhi to participate in the mega event.

VedantaRepresentatives of Vedanta Resources are traveling to Singapore and Hong Kong to meet bondholders, as the junk-rated Indian miner faces repayment of about $2 billion of notes next year.LTIMindtreeLTIMindtree has launched two industry solutions, AdSpark and Smart Service Operations, to accelerate the time-to-market for businesses on the Salesforce platform.Read more: Here's the trade setup for today's sessionJB ChemicalsLakshay Kataria, Chief Financial Officer of the company, has resigned due to personal reasons and he will be relieved from his duties effective end of business hours on November 30, 2023.Mazagon DockMazagon Dock has signed a master ship repair agreement with the US government. The agreement is expected to open-up voyage repairs of US Navy ships at the company.Tata SteelAVAADA Group said it has signed an agreement with Tata Steel Special Economic Zone Ltd (TSSEZL) to set up a green hydrogen and ammonia manufacturing unit in Odisha.Adani Total GasAdani Total Gas will set up a compressed biogas plant in Uttar Pradesh, according to an ET Now report.Shemaroo EntertainmentCGST and the central excise department carried out search operations at the company's premises on September 5 and detained top executives.

By Rae Wee

Vedanta Resources will be meeting offshore bondholders in Hong Kong and Singapore next week to assess if they would be willing to roll over $3.2 billion of bonds — due in 2024 and 2025 — under different terms, said people aware of the development. The company is also considering an option to redeem a small portion of the bonds ahead of scheduled payment, partly to lure bondholders to agree to roll over the bonds, the people cited above said.Standard Chartered Bank and JP Morgan have organised the meeting with bondholders between September 11 and 15, they said. Anil Agarwal-promoted Vedanta Resources, the parent company of India-listed Vedanta Ltd, has $1 billion 13.875% bonds due in January 2024, $1 billion 6.125% bonds due August 2024 and $1.2 billion 8.95% bonds in March 2025.