Singapore Financial News

In the world of trading, if you're good enough, your employer will do whatever it takes to keep you. Sometimes 'whatever it takes' is funding one of the most expensive hobbies someone in finance is likely to have, Formula 4 racing. This is the case with Vivian Siu of UBS, who has tackled two male dominated industries with mixed levels of success.

Zodia Custody, a Standard Chartered Bank-owned crypto entity, is bringing yield on digital assets to institutional clients in partnership with Singapore-based digital asset platform developer, OpenEden.

In his opening statement, Woolard highlighted that while the cryptocurrency world had been dominated by private activity, the launch of Libra shifted focus and central banks are now coming to the party. Whether they are welcome or not is another question.

The interim judicial managers of embattled crypto lender Hodlnaut have opposed the takeover terms from OPNX, a digital asset exchange associated with the founders of failed hedge fund Three Arrows Capital.

Singapore’s Changi Airport without a passport, as part of changes to the city-state’s immigration law that allows for end-to-end biometric clearance. From the first half of 2024, biometrics will be used for authentication at various automated steps in the departure process, from bag-drop to immigration and boarding, communications minister Josephine Teo said in parliament Monday. “This will reduce the need for passengers to repeatedly present their travel documents at these touchpoints, allowing for more seamless and convenient processing,” Teo said. The changes come as the number of travelers to the financial hub is expected to rebound to pre-pandemic levels by next year, and continue to increase thereafter. Singapore is currently building its fifth airport terminal, while its high-speed rail linkage with Malaysia’s southern state of Johor is expected to be ready in a few years. “Our immigration systems must be able to manage this high and growing volume of travelers efficiently and provide a positive clearance experience, while ensuring our security,” Teo said. Ranked the best airport in the world, Changi handled 5.12 million passengers in June, crossing the five million mark for the first time since January 2020 when the pandemic hit.

By Paul Carsten

Hong Kong legislator Johnny Ng has met with Justin Drake, a top Ethereum researcher, asking him to extend an invitation to Vitalik Buterin and other core members of the Ethereum Foundation. 

By Rae Wee

(Reuters) — Chinese electric vehicle frontrunner BYD (SZ:002594) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates.

Hester Peirce, one of five commissioners with the United States Securities and Exchange Commission (SEC) and an outspoken proponent of crypto, has urged lawmakers and regulators for clarity on digital assets.

SINGAPORE—China’s top diplomat was set to begin a four-day visit to Russia after a surprise stopover in Malta for weekend talks with White House officials, as Beijing lays the groundwork for separate meetings between Chinese leader Xi Jinping and his U.S. and Russian counterparts.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Around two-thirds of City professionals would back Keir Starmer as the UK’s next prime minister | Credit: Keir Starmer, Twitter

Whitehaven Coal has confirmed it is in the running to acquire BHP’s major Daunia and Blackwater coal mines in Queensland after a major investor alleged the company had selectively briefed some of its shareholders and suggested the market was “misinformed”.

By Florence Tan

By Vidya Ranganathan

Runaway standings leader Max Verstappen’s winning run ended at 10 races and Red Bull’s at 15 — both F1 records — as Carlos Sainz Jr. won the Singapore Grand Prix for Ferrari on Sunday. Red Bull dreamed of winning every race this year but had Verstappen fifth and Perez eighth after struggling all weekend in Singapore. Sainz started on pole position and held on with badly worn tires over several tense final laps for his second career win in F1 ahead of McLaren's Lando Norris and the Mercedes of Lewis Hamilton. It was a four-car fight for the win before George Russell crashed the other Mercedes on the final lap from third position to promote Hamilton to the podium. “I felt under control. I felt like I could manage well and we brought it home. That was the best feeling,” Sainz said after celebrating with his team as fireworks lit up the Singapore circuit.

NEW DELHI : Three large bidders have entered the last lap for acquiring solar projects totalling 350 megawatts (MW) from O2 Power, promoted by Singapore’s Temasek and European alternative asset manager EQT, two people close to the development said. These include Gentari Sdn Bhd, a unit of Malaysia’s state-run oil and gas company Petroliam Nasional Bhd; Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd; and private equity firm Actis Llp, the people said on condition of anonymity. The transaction, having an equity and enterprise value of $50 million and $200 million, respectively, is being managed by EY, with these three bidders shortlisted from around a dozen non-binding offers (NBOs) that were submitted.

One of Whitehaven Coal’s largest investors has accused the company of telling a select number of shareholders that it would delay its share buyback program and was interested in buying two massive coking coal mines, suggesting this left the market “misinformed”.

Indian football team will kick start their Asian Games campaign in the opener match against the host China on Tuesday. The Asian Games is scheduled to start from September 23 but the football event will begin from September 19, as per Olympics.com. The men's football event at the Asian Games starts on September 19 and will run till October 7. Since 2002, the men's football event at the Asian Games has been an under-23 affair, with each team allowed a maximum of three players above 23 years of age. There are 23 teams participating in the men's event, where they have been divided into five groups of four teams each and one group of three teams. The Indian men's football team is in Group A with hosts China, Bangladesh and Myanmar. The top two teams from each group and the four best third-placed teams across all groups will advance to the round of 16. The Republic of Korea are the defending champions and the most successful nation in men's football at the Asian Games with five titles.

There’s another dog in the fight for veterinary chain VetPartners.