Singapore Financial News
22.10 / 10:25
UPS
Digital
Experts
country
hospital
information
reports
Cyber
Cyber experts express concern about data security in India
Digital transformation and development of advanced technologies are progressing at full pace in India but cyber experts have expressed concern about the security of the sheer size of data that the country will have to manage, given its neighbouring adversaries as well as the growing sophistication of scammers. Indian technologists and business executives will have to collaborate, cooperate and create a comprehensive ecosystem to tackle tech-driven threats, the experts said on the sidelines of Singapore Cyber Week — 2023 held from October 17-19.
20.10 / 22:07
hacks
regulation
Court
freeze
Singapore court authorizes freeze order attached to wallets as soulbound NFT
The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.
20.10 / 15:55
Lowe's
FIVE
Dreams
MSCI
show
country
reports
Morgan Stanley upgrades India to 'standout overweight' market, cites economic, earnings growth
PTI. "India remains standout overweight. We increase our overweight stance on Indian equities and as our most-preferred emerging market," PTI quoted a brokerage note as saying on Friday.
20.10 / 14:37
Lowe's
FIVE
MSCI
show
country
reports
Morgan Stanley upgrades India to 'standout overweight' market
Morgan Stanley has upgraded India to «standout overweight» citing that the relative economic and earnings growth is improving and the macro-stability setup looks sufficient to withstand the higher real rate environment. «India remains standout overweight. We increase our overweight stance on Indian equities and as our most-preferred emerging market,» the brokerage said in a note on Friday.
20.10 / 14:37
UPS
BLOCK
AXY
Citigroup
SoftBank
stake
SoftBank sells 1.09% in Zomato for Rs 1,040 crore; Goldman, ADIA buy stake
SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% stake in food delivery company Zomato through block deals on Friday. According to exchange data, the transaction was executed at 111.2 per share, which valued the deal at 1,040 crore. SoftBank holds a 2.17% stake in the company, at the end of the September 2023 quarter. Marquee funds, including Citigroup, Axis MF, Bandhan MF, ADIA, Fidelity, Goldman Sachs, Morgan Stanley, and Motilal Oswal among others bought stakes in the company through the deal. In August this year, SoftBank offloaded about 1.17% Zomato stake under a block deal, which was valued at Rs 947 crore.
20.10 / 13:21
Blockchain
Crime
Asia
Bitcoin
Q3 report
Q3
BGB
Beluga
Today in Crypto: Bitget Q3 Report Finds BGB Trading Volume Exceeded $1.3 Billion, US Doctor Pleaded Guilty to Hiring Hitman With BTC, Beluga Raises $4 Million
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
20.10 / 12:59
Asia
Abrdn
Investment trusts
People moves
Investment Trust
abrdn Asia Focus manager Hugh Young to retire after 43 years
Hugh Young (pictured) is retiring from the industry after 43 years.
20.10 / 07:11
ETF
Microsoft
Sony
track
2020
reports
After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard
Publicly listed gaming companies are sitting on a $45 billion pile of cash and cash equivalents — and that could lead to greater consolidation in the $188 billion video games market, according to a new report from venture capital firm Konvoy, which was shared exclusively with CNBC.
20.10 / 04:55
Provident
JPMorgan
Fighting
HSBC
cover
Beyond cash and property: HSBC joins fight for Australia’s ultra-rich
HSBC is relocating private bankers from Singapore to Australia as Wall Street returns in force to try to bank more of the country’s ultra-high net worth individuals and secretive family offices.
20.10 / 04:33
UPS
BLOCK
SoftBank
Invesco
reports
stake
Zomato block deal: SoftBank reportedly sells 1.09% stake worth Rs 1,000 crore
SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to have sold 1.09% equity in Zomato in a bulk deal worth Rs 1,040.5 crore on Friday. Shares of the new-age company were trading 1% higher at Rs 112.70 on BSE. SoftBank owned a 2.17% stake in the company at the end of the September quarter. In August this year, SoftBank had offloaded about 1.17% stake in Zomato via a block deal, which was valued at Rs 947 crore.
20.10 / 02:33
BLOCK
SoftBank
WhatsApp
Experts
reports
Stocks in news: JSW Steel, Paytm, Hindustan Zinc, HUL, ITC, Zomato
JSW Steel, Paytm, Hindustan Zinc Shares of JSW Steel, Paytm, and Hindustan Zinc will be in focus as the companies will announce their second quarter results. Zomato Japanese tech giant SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to sell 1.1% stake in food delivery company Zomato through block deals on Friday. Read more: Here's the trade setup for today's session HUL FMCG major Hindustan Unilever Ltd (HUL) has reported 4% growth in its standalone net profit at Rs 2,717 crore for the second quarter. The company's sales rose 4% year-on-year to Rs 15,027 crore. ITC ITC Ltd reported 10% growth in net profit for the quarter ended September to Rs 4,927 crore.
20.10 / 01:13
19.10 / 20:57
UPS
Provident
Aware
country
2020
reports
Singapore to build India skilling centres
NEW DELHI : Singapore is in talks with India to build industrial training and skilling institutes in India, according to persons aware of the matter. Skill development was made a key pillar of the strategic partnership between the two countries during education minister Dharmendra Pradhan’s visit to Singapore in May.
19.10 / 20:09
Manufacturing
track
country
electronic
information
testing
Centre
Centre clicks enter for online nod to IT hardware imports
laptops, tablets, and personal computers, aiming to monitor shipments of such hardware without hurting supply. The shift to a restrictionfree system comes two months after the announcement of a licensing regime for these products. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the policy tweaks seek to monitor the imports of these products to ensure that they were coming from “trusted” sources.
19.10 / 06:11
Booking
Mobile
economy
travelers
India-Singapore round trip ticket at Rs 13,000, Rs 17,000 for Bangkok: Air India announces special sale
Air India has recently announced a special sale on its India-Singapore and India-Bangkok routes. This sale offers irresistible fares in economy and business class for travel until March next year. For bookings made from India, the economy round-trip fares on select India-Singapore routes start from Rs 13,330, and on select India-Bangkok routes from Rs 17,045.
19.10 / 02:39
18.10 / 16:27
Progressive
Action
Gap
President
country
innovations
reports
US retirement income system is only slightly above average, report reveals
The system that millions of Americans rely on for their retirement income is only slightly above average and may require reform.
18.10 / 13:27
President
show
stage
isolate
Saudi Arabia's 2034 World Cup bid boosted by Indonesia changing sides after Australia co-host talks
2034 World Cup, Indonesian soccer leader Erick Thohir said on Wednesday that his federation now supports Saudi Arabia. Thohir's change of plan was detailed in a statement on the Indonesian soccer federation website hours before an online meeting of the Asian Football Confederation, whose 47 members include Australia, Indonesia and Saudi Arabia. During the meeting, FIFA President Gianni Infantino urged AFC members to «be united for the 2034 World Cup.» Infantino has long been a close ally of Saudi soccer and the kingdom's Crown Prince Mohammed bin Salman, and FIFA's surprise decision two weeks ago to fast-track bidding for the 2034 men's tournament was seen as favourable for them.
18.10 / 13:27
UPS
Provident
Airlines
Assurant
social
information
Baggage blunder forces IndiGo's Bengaluru flight to return to Singapore Changi airport
IndiGo flight bound for Bengaluru from Singapore had to return to Singapore's Changi airport due to a baggage error. The service partner of India's biggest airline had failed to offload baggage from an international flight.
18.10 / 12:57
Citi
Williams
awards
Pinnacle
Celebrity
social
Barcelona's Sips Bar reigns supreme as the World's Best Top 50 Bars in 2023, while Singapore sparkles
Sips bar has secured the top spot in the 2023 edition of the World's 50 Best Bars, a prestigious ranking organized by William Reed Business Media. Double Chicken Please in New York followed in the second position, while Handshake Speakeasy from Mexico City clinched the third place. This year, the awards ceremony made history by taking place in Asia, specifically in Singapore.
18.10 / 11:35
UBS
ICBC
show
reports
UBS joins Chinese lenders drawn into $2B money laundering probe
UBS Group AG and two major Chinese lenders have been drawn into one of Singapore’s largest money laundering cases, as a police affidavit showed that an alleged fugitive involved had stashed millions at the banks.
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