Singapore Financial News

Venturi Partners has bought a 5.12% stake worth $27 million in Peak XV Partners-backed edtech startup K12 Techno Services in a secondary share sale. The Singapore-based firm acquired the stake in a partial exit from Navneet Learning, a subsidiary of education-linked content provider Navneet Education Limited.

One of Canada’s biggest pension funds says it hasn’t been able to deploy the $10 billion it earmarked for energy transition investments, partly because it finds Asian governments’ long-term plans and support inadequate.

Working closely with the markets team in Zurich, Lupi will identify a strategy to build and broaden the firm's markets offering, ranging from derivatives and securities to foreign exchange and structured products.  Lupi joins the firm from Pictet's London office, where he was in charge of global market trading. He joined the Swiss firm in 2011 as a senior managing director, based in Singapore. Jefferies reiterates 'Buy' rating for Julius Baer on rebound potential «I am thrilled to join Julius Baer International in this new role as the company continues to sharpen the personalised o...

British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.

Indian Navy is looking forward to further enhancing its operability with the Singapore Navy and understanding of each other's operational philosophy by holding joint maritime exercises, Flag Officer Commanding Eastern Fleet Read Admiral Rajesh Dhankhar has said. Addressing a reception for 150 guests from Singapore's defence sector, heads of diplomatic missions and Indian diaspora on board INS Shakti at the Changi Naval Base on Tuesday, he said the navies of the two countries are planning to hold the 31st edition of the Singapore-India Maritime Bilateral Exercise (SIMBEX) which will be held at Visakhapatnam in the fourth quarter of this year. «We will be undertaking the 31 Edition of SIMBEX (and) we have done the planning at the working level for the event to be held in the fourth quarter of this year at Visakhapatnam,» Dhankhar who is leading the Indian Naval Ships Delhi, INS Shakti, and Kiltan to Singapore, Malaysia and the Philippines. «We look forward to further enhancing our operability and understanding of each other's operational philosophy and also increasing the competency of our bilateral exercise in keeping with the times that we are witnessing,» said Dhankhar who in the past had been associated with a two-year training programme for the Singapore Navy.

AstraZeneca, after the drugmaker initiated a worldwide withdrawal of its COVID-19 vaccine, while investors awaited the Bank of England's interest rate verdict. By 07:07 GMT, the blue-chip FTSE 100 edged up 0.4% at 8,345.31 to climb another all-time peak. Also Read | ITC, HDFC Bank, Paytm among 300 BSE 500 stocks that are over 10% below their 52-week highs.

Air India and Lufthansa have strengthened their relationship with the German major expanding the code-share agreement on the popular India-Australia route. Under this new pact, passengers of Lufthansa, from its hub in Frankfurt and Munich, will be able to travel to Sydney and Melbourne via Delhi and Mumbai airports on Air India.

SINGAPORE–When Elon Musk made a surprise visit last month to Beijing, the Tesla chief executive brought along a trusted lieutenant: Tom Zhu, the company’s former China head who had skyrocketed through the ranks as a turnaround guru. Now, Zhu—one of just three senior executives including Musk currently named on Tesla’s website—is getting deployed from Tesla’s Texas headquarters back to China at a vulnerable time for the world’s most valuable automaker, according to a person familiar with the matter. Zhu, who was born in China and educated in the U.S.

QCP Capital, a prominent options trading desk for digital assets, has received initial approval to operate in Abu Dhabi, marking its expansion into the Middle East. 

iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. Sidharatha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, commented on the launch, “We are delighted to partner with NPCI to launch the UPI facility on international mobile numbers through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

Eight months ago, life was good for Kavish Kataria, the 33-year-old former SocGen vice president at the centre of the French bank's latest trading brouhaha. Based in Hong Kong on the delta one desk, Kataria says he made $50m in profits in 2023 through to September. He was expecting a $1m bonus and was scheduled to move to Singapore with the bank.

Singapore isn’t the hedge fund heaven that Hong Kong is usually seen as, but things seem to be taking a turn. Funds in the city – both headquartered and present there – have been busy adding Portfolio Managers (PMs) in the city.

NEW DELHI : Indians are packing travel bags for summer, braving heat waves and steep fares as school vacations and annual holidays beckon. Air travel that hit a daily peak in April is expected to rise further as more travellers work out plans for May and June, cheering airlines and travel industry alike. While there is heightened demand for cooler destinations, places that are typically warm at this time are also seeing interest.

Maryland Motor Truck Association President and CEO Louis Campion on the recovery and impact to the trucking industry from the Francis Scott Key Bridge collapse.

FSSAI) on Sunday said that India has one of the most stringent standards of maximum residue limits (MRLs) in the world, and that these are fixed at different levels for different food commodities based on risk assessments. MRL is the maximum amount of pesticide residue expected to remain on food products when a pesticide is used according to label directions and is not a health concern for humans, the Indian food regulator said in a press statement.

SINGAPORE—In explaining China’s recent export surge, which has alarmed business leaders and politicians in the U.S. and Europe, many have blamed the country’s lavish manufacturing subsidies and bulging industrial capacity. But there is another factor at play: China’s currency, and inflation—or its absence.

SICCI is to help Singapore businesses and fellow trade associations and chambers of commerce deepen their ties with India, ever since the ‘India fever’ caught on during the tenure of then Prime Minister Goh Chok Tong," Parekh elaborated. Under SICCI’s guidance, there have been numerous business missions to various Indian states, building strong relationships with major Indian business associations such as the Confederation of Indian Industries (CII), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), and the Federation of Indian Chambers of Commerce and Industry (FICCI).

India will continue to flourish under the leadership of the country's incoming Prime Minister Lawrence Wong who will be sworn in on May 15, the Singapore Indian Chamber of Commerce and Industry (SICCI) has said. «As Prime Minister Lee Hsien Loong prepares to hand over (leadership of the city-state) to his successor, Deputy Prime Minister Lawrence Wong, we are confident that Singapore-India ties will continue to flourish,» said SICCI Chairman Neil Parekh on Saturday night at the centenary celebrations of the chambers. «This is all the more so since DPM Lawrence Wong co-chaired the India-Singapore Ministerial Roundtable, which has set the stage and the tone for long-term ties between our two countries,» he said at the SICCI centennial celebration gala dinner. Singapore President Tharman Shanmugaratnam was the guest of honour at the dinner attended by some 700 business and community leaders from the prosperous Asian financial centre.

SINGAPORE—Across China and among the global scientific community, Friday’s launch of a Chinese mission to collect samples from the moon’s far side has been hailed for its potential for a scientific breakthrough. But in the U.S., lawmakers and the National Aeronautics and Space Administration are closely watching the expedition with trepidation: as a milestone in a rival’s campaign to build a base on the moon’s most strategic location. The latest frontier of the U.S.-China technological Cold War orbits 240,000 miles above us.

Gold headed for its first back-to-back weekly loss in more than two months on concerns that the Federal Reserve may take longer to cut interest rates than previously expected as inflation risks persist. 

Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets. The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX digital-asset empire imploded in November 2022. The token changed hands at $57,359 as of 11:17 a.m. Thursday in Singapore, around a two-month low.