Singapore Financial News

08.09 / 01:23

business Law Europe coinbase G20 Asia Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities

Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.

08.09 / 00:41

Aware Pool BOS country Sebi simplifies rule to pick key fund official in relief for FPIs

FPIs), the capital market regulator has simplified the rule for identifying senior management officials (SMOs) in these offshore funds. The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex vehicle, which is at the top of the FPI chain, would be considered as the SMO. This did not go down well with most funds as senior officials of the top entity in New York and London were reluctant to be named as SMOs of a Mauritius or Singapore FPI vehicle, several layers below.

07.09 / 21:47

business Blockchain Tokens JPMorgan moves into deposit tokens for settlements: Report

Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States.

07.09 / 21:45

business Hackers hacks Mining Windows tool targeted by hackers deploys crypto-mining malware

Hackers have been using a Windows tool to drop cryptocurrency-mining malware since November 2021, according to an analysis from Cisco’s Talos Intelligence. The attacker exploits Windows Advanced Installer — an application that helps developers package other software installers, such as Adobe Illustrator — to execute malicious scripts on infected machines.

07.09 / 18:59

UPS Provident MET Waters Action country After summit joined by China, US and Russia, Indonesia's leader warns of protracted conflicts

Indonesia’s president has issued a stark warning after wrapping up a summit of Southeast Asian countries that was joined by China, the United States and Russia

07.09 / 17:25

FIVE Pinnacle performer country social place Switzerland retains title of world's best country; US slips to 5th place. Check full list here

U.S. News & World Report's annual Best Countries rankings. This marks Switzerland's second consecutive year at the pinnacle and its sixth time overall as the No.

07.09 / 16:55

Citi FIVE Reuters country Shunning global summits, Xi visits flood-stricken area in northeast China

BEIJING : Eschewing face-time with foreign leaders at global summits this week, Chinese President Xi Jinping on Thursday visited the homes of villagers in a rural part of northeast China battered by floods. In the village of Longwangmiao in Heilongjiang province, Xi called on local residents to triumph over their difficulties and work towards returning life to a more normal footing, according to state media reports. He also enquired about their losses and supply of daily necessities.

07.09 / 15:19

UPS IPO Booking Waters band star EMS Ltd IPO: EMS IPO raises ₹96.37 crore from anchor investors; details here

₹96.37 crore from anchor investors today. EMS IPO opens for subscription on Friday, September 8, and closes on Tuesday, September 12. The allocation to anchor investors for EMS IPO took place today.

07.09 / 14:15

New Report: Crypto's Rich List Boasts 22 Billionaires and 88,000 of Millionaires

The world of cryptocurrency, with a total market value exceeding $1 trillion, has produced 22 billionaires and 88,000 millionaires.

07.09 / 12:31

UPS IPO Reuters track reports valuation Temasek invests $140 million in Ola Electric at $5.4 billion valuation: Reports

Singapore based Temasek has invested $140 million in Ola Electric at a valuation of $5.4 billion. The development comes as part of an ongoing round to raise $250 million ahead of the e-scooter maker's initial public offering. Reports quoting sources indicated that there could be another round of fund raising before Ola Electric files papers for an up to $1 billion IPO.

07.09 / 09:29

IPO Booking AXY SUN band Jupiter Life Line Hospitals IPO Day 2: Issue subscribed 2.04 times so far; retail portion booked 2.35x

₹542 crore and offer for sale (OFS) portion consists of 44.5 lakh shares of ₹10, which aggregates to ₹869.08 crore sold by promoter selling shareholder Devang Vasantlal Gandhi, and Neeta Gandhi. Jupiter Lifeline Hospitals IPO total issue size is ₹869.08 crores. The net proceeds from the fresh issue will be utilised to repay debt availed from banks by the company and material subsidiary, and to meet general corporate purposes.

07.09 / 08:41

COST JPMorgan Compilation Chase Vedanta Resources likely to meet investors ahead of $2 billion debt repayment deadline: Report

Vedanta Resources is planning to meet bondholders in Singapore and Hong Kong as the next year deadline of debt repayment is coming closer. The owner of publicly listed Vedanta Ltd, is currently facing next year's deadline for the repayment of about $2 billion of notes next year. The non-deal roadshow is expected to take place as soon as next week, reported Bloomberg citing sources.

07.09 / 07:51

Cooper Continental country Grant G20 agrees to grant permanent membership to African Union: Report

G20 Summit, the member nations of the group have agreed to grant permanent membership to the African Union, a continental body of 55 member states, Bloomberg agency news reported. With this, the African Union has earned the same status as the European Union. Prime Minister Narendra Modi had written a letter to the G20 nations in which he proposed that the African Union be given full, permanent membership of the bloc at the upcoming summit in New Delhi.

07.09 / 03:13

UPS Provident JPMorgan Strategy Align country rock boost JPMorgan says ‘trailblazing’ rules to boost India’s ESG market

India is among the first in the world to regulate ESG rating providers and the country’s minimum requirement for funds to invest — according to their stated strategy — is “a high bar,” said Hannah Lee, JPMorgan’s head of ESG equity research for the Asia-Pacific region. “Where India stands out in terms of being trailblazing is probably its level of ambition and some of the thresholds that it has,” she said in an interview. India rolled out several measures over the past two years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under six types of ESG strategies.

07.09 / 02:57

UPS SUN Manufacturing CEO Pool Forrester Grok Sun Cable in revamp as Cannon-Brookes’ Grok takes charge

The Sun Cable solar export venture will this month apply for a licence in Singapore to import energy as it pushes ahead with the project after the completion of the sale on Thursday to billionaire businessman Mike Cannon-Brookes’ Grok Ventures.

06.09 / 17:15

Reuters Thomson Reuters, Blackstone, others to sell $2.9 billion LSEG shares

(Reuters) — Investors in the London Stock Exchange Group (LON:LSEG), including Blackstone (NYSE:BX) and Thomson Reuters (NYSE:TRI), are launching a sale of roughly 28.3 million shares worth about 2.3 billion pounds ($2.9 billion), bookrunners said on Wednesday.

06.09 / 16:49

awards Indian Indian men's table tennis team clinch bronze medal finish in Asian Table Tennis Championships

bronze medal finish at the Asian Table Tennis Championships 2023 after falling short in their semi-final clash against Chinese Taipei in Pyeongchang, the Republic of Korea, on Wednesday. The Indian men's table tennis team comprising a mix of experienced as well as youth talent of Sharath Kamal, Harmeet Desai and Sathiyan Gnanasekaran lost 0-3 in the final four. The two losing semi-finalists are awarded bronze medals at the competition.

06.09 / 13:49

Reuters Digital Manufacturing country Ather raises Rs 900 crore from Hero MotoCorp, Singapore’s GIC

Ather Energy on Wednesday said it had secured Rs 900 crore in funding from two-wheeler major Hero MotoCorp and Singaporean sovereign wealth fund GIC. Both investors are existing shareholders in Ather, with Hero MotoCorp already owning a 34.2% stake in the firm prior to the latest investment. Hero is also Ather’s largest shareholder, according to data from Tracxn.

06.09 / 11:23

UPS Strategy tenor Dollar remains strong but euro gains amid rate hike signal

European stocks fell amid weak German data and elevated oil prices that reignited concerns over inflation.

06.09 / 11:23

UPS Lowe's CNY performer Why Morgan Stanley has resumed bearish view on EMs

Morgan Stanley is returning to a bearish view on emerging-market currencies, citing concerns over China’s growth risks that not only weigh on the yuan but also further pressure a weak global economy.

06.09 / 09:35

Starbucks Pepsi valuation Tata seeks control of Haldiram's, snack maker wants $10 billion valuation: Report

MUMBAI/NEW DELHI : Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said. If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail. Haldiram's, a household name in India, is also talking with private equity firms including Bain Capital about the sale of a 10% stake, they said.

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