Singapore Financial News

SINGAPORE (Reuters) — Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by OPEC+ and as continued tension in the Middle East spurred supply concern.

The well-known fiat-crypto payment gateway Alchemy Pay hasreached a noteworthy milestone when it obtained a Money Services License in the US state of Iowa. This achievement, which was declared on November 23, 2023, comes after they were successful in getting an Arkansas money transmitter license earlier. Obtaining these licenses is a significant milestone in Alchemy Pay's ambitions to increase its market presence internationally as well as evidence of its regulatory compliance.

Standard Chartered Bank-backed digital assets custodian Zodia Custody, has integrated Metaco network’s global crypto storage services.

Accel Partners, Evolvence India, Sistema Asia Fund, Foundamental Gmbh and Nexus Venture Partners as its other investors. In June 2022, the company raised $50 million in growth capital from Liquidity Group’s MARS Unicorn Fund, valuing it at $2.5 billion. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market uses technology to provide a procurement experience for players in the construction ecosystem.

Billionaire vacuum cleaner tycoon James Dyson has lost a libel lawsuit against the Daily Mirror

By Summer Zhen

Tata Power: Has won the bid to acquire Bikaner-III Neemrana-II Transmission, a project special purpose vehicle set up by PFC Consulting, a subsidiary of Power Finance Corp. The project will be developed on a Build-Own-Operate-Transfer basis to provide transmission service for 35 years from the scheduled date of commercial operations, which is 24 months from the date of the SPV acquisition. The project cost is estimated at ₹1,544 crore.

Bitcoin surpassed $40,000 for the first time since May 2022. In the early hours of Monday morning, the token added about 1% to trade at $40,005 on Monday in Singapore, taking its 2023 jump to 142%. Before the TerraUSD stablecoin collapse, Bitcoin was last at $40,000, contributing to a rout in digital assets.

India by selling its controlling interest in a high-profile, six-year-old joint venture that includes Tata group, HDFC Bank and ICICI Bank. Mathew Cyriac, former PE co-head for Blackstone India, has emerged as frontrunner to buy a controlling 51% in IARC, said people in the know. The exercise values International Asset Reconstruction Company (IARC) at Rs 200 crore, people aware of the proposed deal told ET.

By Florence Tan

Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed.

full-time job offers, including pre-placement offers, with around 450 unique selections by the end of Day 1 of the placement season on Friday. Many students also received multiple job offers. Like many old IITs, the ongoing placement season at IIT Delhi for the academic year 2023-24 kicked off on December 1 and will continue till May for full-time hiring of undergraduate and postgraduate students.

A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report.

Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks.

Adani Group plans to spend 7 trillion rupees ($84.00 billion) over the next decade on infrastructure projects, Chief Financial Officer Jugeshinder Singh said on Friday. «Our capex will go up to run and develop infrastructure,» Singh said, without elaborating on the type of projects the company would undertake. The port-to-power conglomerate runs India's largest private port and is also developing and managing several airports and roads. The billionaire Gautam Adani-led group will also decide on divesting its stake in Adani Wilmar, its joint venture (JV) with Singapore's Wilmar International, in the next three months, Singh said on the sidelines of the Trust group event in Mumbai. Adani Group holds a 44% stake in the JV and has been considering a potential stake sale for a few months, Bloomberg News reported earlier, adding that Gautam Adani and his family may retain a minority stake in a personal capacity. Adani Wilmar posted a second consecutive quarterly loss in November. Shares of Adani Group companies are recovering after a Jan.

GAIL India has sued the former Gazprom unit, now run by SEPE Marketing & Trading Singapore Pte Ltd, for default in LNG Supplies. The company has also sought a compensation of $1.8 billion for its damages, said the PSU in its stock exchange filing on Friday. Also Read: GAIL share price rise more than 3% to scale 52 week high on improved earnings prospects led by strong gas demand The dispute between the two companies was raised after the former Gazprom unit failed to supply LNG cargo to GAIL under a long-term LNG Contract.

₹1,022.55 per share on Friday, December 1 on NSE after its promoter company Bharti Airtel acquired an additional 1.35 percent stake in the telecom company from another promoter group entity Indian Continent Investment Ltd (ICIL) via ₹8,301.73-crore block deal. “BTL has acquired 1.35% shares of Bharti Airtel from Indian Continent Investment Limited (ICIL) through block deal mechanism on National Stock Exchange of India Limited for an aggregate amount of ₹8,301.73 crore," BTL said in a stock exchange filing. After the recent block deal, ICIL's ownership in Airtel has decreased to 4.56%.

Trade and Industry, Gan Kim Yong on Friday. The delegation had reached Singapore after completing its tour of Japan. The tour is being undertaken in the run up to the tenth edition of Vibrant Gujarat Global Summit (VGGIS) which is scheduled for January. Underlining the development journey of Gujarat, Patel during the meeting emphasized on the state government's focus on fostering investment in emerging sectors such as renewable energy, electric vehicles, semiconductors, food processing, and dairy products apart from the importance of Gujarat in the logistics sector, attributing its rise as a logistics hub in India to its global connectivity and extensive coastline. Patel also invited the Singapore Minister of Trade and Industry to participate in the Vibrant Gujarat Global Summit 2024 to foster collaboration between the two nations in various sectors. During the meeting, Minister Gan Kim Yong acknowledged the immense potential for development in India and expressed Singaporean companies' keenness to work in collaboration with the Indian government.

By Ankur Banerjee

Crypto-friendly Swiss-based SEBA Bank AG has announced its new brand identity: AMINA Bank AG.

Stardew Valley, the popular game, is hitting the road with its first-ever concert tour, "Festival of Seasons," organized by ConcernedApe. With an initial 14 shows in the United States, Canada, the United Kingdom, Australia, and Southeast Asia, the tour expanded to 36 cities across 12 countries. The concert promises an intimate experience with fresh arrangements of the game's beloved soundtrack. Fans eagerly anticipating the tour can now find details on dates, cities, and ticket sales.