Singapore Financial News

Economic Times. The billionaire Gautam Adani-led group holds 43.97% stake in Adani Wilmar, the company which sells a range of edible oils and food products under Fortune brand.

Adani Group is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Ltd, which owns the Fortune brand of edible oils and packaged grocery, said executives familiar with the matter. A deal, they said, is likely to be finalised within a month. The ports-to-renewable energy conglomerate is expecting $2.5-3 billion for the stake in the joint venture with Singapore-based Wilmar International, which too owns 43.97% of the company, they said. Emails sent to Adani Group and Adani Wilmar remained unanswered as of press time on Sunday.

Aptos is a well-known network that is known for encouraging innovation, and it has now made the winners of the Singapore leg of its World Tour Hackathon public announcements. On October 27, 2023, the network revealed 14 projects that stood out in different tracks via a series of tweets, emphasizing how the Aptos platform can serve as a fertile environment for generating real-world solutions. This highlighted how the Aptos platform can serve as a fertile foundation for producing real-world solutions.

Prince William arrived Sunday in Singapore for the annual Earthshot Prize awards, the first to be held in Asia, to support environmental innovators with solutions to battle climate change and save the planet. Upon his arrival, dozens of people waving British flags welcomed him with loud cheers. William, 41, shook hands, signed autographs and sportingly took selfies with many of them during a walkabout. “It’s fantastic to be back in Singapore for this year’s Earthshot Prize ceremony, after eleven years," he said in a statement upon landing.

Accounts, competitive interest rates of up to 7.5 per cent every year on NRE/NRO deposits, and enticing interest rates of up to 5.95 per cent each year on USD FCNR Deposits. Furthermore, the “NRI Homecoming" program encompasses educational sessions on financial literacy, offering valuable insights and guidance to NRIs and PIOs regarding their financial needs as they prepare to return overseas.

Mike Cannon-Brookes’ Sun Cable, the $40 billion project aiming to transport solar power from the Northern Territory to Singapore, said it planned to manufacture the power cables itself at a specialised new facility in Tasmania.

If you’re a young Blackstoner in Singapore, you probably have a lot of opportunities to leave the firm to continue your career. One of them, newly launched, might be a better fit than others – Aquilius Investment Partners.

Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for new sites to serve some 32 million global Indian diasporas, he said.

Singapore, and the air conditioning at the ION Orchard shopping mall is doing its job. Inside, well-heeled tourists and locals line up behind a velvet rope, eagerly awaiting their entry into a room bursting with hues of orange, blue and gold. But this isn’t a trendy nightclub, or even a chance to check out the newest iPhone.

Web3 data firm Treehouse has announced its acquisition of Origins Analytics, with the goal of expanding into NFT analytics.

The Singapore High Court's decision to allow iSanctuary to attach NFTs to cold wallets involved in a financial hack marks a significant legal milestone. These NFTs, known as SoulBound tokens, are non-transferrable and will be permanently linked to the wallets in question. This groundbreaking ruling opens the door for the broader application of blockchain technology in legal and financial investigations.

Sam Bankman-Fried’s conviction for a huge fraud at the FTX exchange raises a deceptively simple question: what next for crypto? 

Capital Group is seeing an opportunity for investors to load up on global equities after the Federal Reserve held rates on Wednesday, signaling an end to its aggressive tightening cycle.“The really big message for investors is that this moment of central banks peaking is likely to be the opening of a window where it’s going to be a really good time to get invested,” Andy Budden, investment director for equities at the $2.3 trillion manager said at a briefing in Singapore.Stocks and bonds extended gains in a relief rally Thursday on hopes the Fed is nearing the end of its historic tightening campaign. Worries over higher borrowing costs have sparked a global rout this year, with emerging markets seeing a selloff in risk assets amid a stronger dollar.Capital Group is now advising clients to “have the courage to act,” portfolio manager Winnie Kwan said at the same briefing.

Bitcoin rose back to a more than 17-month high amid hopes the Federal Reserve is done with interest-rate hikes and expectations that a fresh source of demand is brewing in the exchange-traded fund industry. The largest digital token added 4% in the past 24 hours and traded at $35,840 as of 10:53 a.m. in Singapore on Thursday. Some smaller coins climbed, including the Solana network’s SOL token, which is up 142% to $42 since mid-September. Bitcoin has more than doubled this year in part on bets that the Securities and Exchange Commission may approve applications from the likes of BlackRock Inc. to start the first US ETFs investing directly in the token.

By Jeslyn Lerh

By Tom Westbrook

By Ankur Banerjee

Taylor Swift has extended her Eras Tour to December 2024 by adding new dates. She has added three dates at the BC Place in British Columbia on December 6, 7, and 8. Gracie Abrams will be standing as the opening act. Earlier, Swift announced dates in Toronto, Ontario and six dates at the Rogers Centre slated for November 2024. The pop icon took a break between her last North American dates, which had an official close at the SoFi stadium in August. She will resume the tour with a series of shows in South America. She has already hit Mexico and Argentina and will be in Brazil through November 26.

The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially known as the Swiss franc wCBDC.

Adani Enterprises, the flagship company of Adani Group, gained over 3% in today's trade ahead of the announcement of the financial results for the quarter ended September 2023. The stock opened the day at ₹2,247 per share, surpassing its previous closing price of ₹2,217 and later hit an intraday high of ₹2,297.95, marking a 3.45% increase. At 2:00 PM, the stock was trading with a gain of 3.24% at ₹2,289.95.

SINGAPORE—During his final months as China’s premier, Li Keqiang evoked two grand waterways seen as nurturing Chinese civilization as he tried to reassure citizens about their country’s future. “The Yangtze and Yellow rivers won’t flow backwards," Li said last year, arguing that China would never reverse course on a four-decade policy of opening up its economy. Those words went viral on Chinese social media after Li’s unexpected death of heart failure last week, shared by mourners to subtly rebuke top leader Xi Jinping for seemingly breaching Li’s promise.