Singapore Financial News

Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients. 

Adani Wilmar said on Wednesday its first-quarter sales slumped 15% as a sharp fall in edible oil prices eclipsed strong consumer demand for its products. Edible oil prices have fallen more than 50% in less than a year, hit by lower consumer demand in developed economies, easing of supply in the Black Sea region and strong production of oilseeds, the joint venture between Adani Group and Singapore's Wilmar Group said.

SHANGHAI/SINGAPORE (Reuters) — Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China's foreign exchange market remain stable and cross-border capital flows are basically balanced, a state media commentary said late Wednesday.

New Delhi: Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, UNCTAD’s World Investment Report 2023 on Wednesday said. FDI inflows were higher in developing countries compared with those in developed economies.

Starting July 7, 2023, Binance will cease to facilitate deposits and withdrawals of several cross-chain bridge tokens associated with the Multichain project across specified networks. 

Genus Power Infrastructures Ltd (Genus Power) experienced a significant surge on Wednesday's trading session. The small-cap stock has hit a 20% upper circuit on BSE.

₹2,134 crore in Indian stocks. Traders' sentiment has remained optimistic in domestic equities.

Air India and Vistara have told the Competition Commission of India (CCI) that there will be no adverse impact on competition due to their merger as rivals are present on most routes that the combined entity will fly, said people with knowledge of the matter. The CCI's scrutiny will not have any material business impact, although it could have an effect on the timeline, they said.

Amid increased global scrutiny on crypto exchanges, Thailand joins Singapore among Southeast Asian countries to ban retail lending and staking services. 

In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC. 

NEW DELHI : Singapore’s Sembcorp Industries Ltd is in talks to acquire green energy projects totalling 1.1 gigawatts (GW) from ReNew Energy Global Plc, with the deal estimated to be valued at $1.2 billion at the enterprise level and around $450 million in terms of equity, two people familiar with the development said. Mint had earlier reported that Ahmedabad-based Torrent Power had submitted a non-binding offer for the same projects comprising solar and wind power assets of 350 megawatts and 750MW, respectively. Sembcorp and Torrent Power had been vying for the acquisition of India Infrastructure Fund II, a private equity firm owned by US’s Global Infrastructure Partners, to buy Vector Green Energy Private Ltd, which Sembcorp Green Infra Ltd eventually acquired for an equity value of S$474 million, or $345 million.

By Echo Wang and Anirban Sen

₹629.39. Nomura Singapore Limited sold 4,66,032 shares at an average price of ₹626.90. NK Securities Research Private Limited bought 3,51,376 shares at an average price of ₹629.06.

SAO PAULO (Reuters) — Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur bloc to advance in talks for trade deals with Canada, South Korea and Singapore, while also aiming to increase commerce with other countries in South America.

The Bitcoin (BTC) futures' premium has reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate "excessive excitement" or a "return to the mean" after a prolonged bear market.

New Delhi: Singapore’s sovereign wealth fund GIC will acquire a 74% stake in Genus Power & Infrastructure’s new smart metering solutions venture for $2 billion, the company said in a press release. Post the deal, Gem View Investment, an affiliate of GIC will hold a majority stake of 74% and controlling rights in the platform, while Genus will hold the remaining 26%, it added.

The cryptocurrency market has witnessed a momentous event as Bitcoin (BTC) price catapulted past the significant $30,000 level, sending shockwaves throughout the industry. 

Global stock markets are mostly higher after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high

By Ankur Banerjee and Harry Robertson

Singapore's chief financial watchdog has decided to enforce a ban on lending and staking for retail customers. 

Air India from the government in January last year, Tata Group has put in place various measures to turn around the fortunes of the loss-making carrier, including placing the largest order for 470 planes and expanding international operations. Tata Group has four airlines — Air India, Air India Express, AIX Connect and Vistara, which is a joint venture with Singapore Airlines.