News
MAS orders unlicensed crypto exchanges to weigh exit
[SINGAPORE] A final warning from the Monetary Authority of Singapore (MAS) has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit.Bitget...
Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources
[HONG KONG] Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people familiar with the matter.
Singapore-based Ant...
China stocks soar on AI, trade hopes. Which are the country’s ‘Terrific 10’ firms?
[SINGAPORE] Chinese stocks have see-sawed since late last year, as investors reacted to factors ranging from government stimulus, artificial intelligence (AI) and US President Donald Trump’s trade tariffs. The...
Sembcorp’s renewables unit wins 50MW round-the-clock power project from Indian public sector company
[SINGAPORE] Sembcorp Industries on Thursday (Jun 12) announced that its wholly owned renewables subsidiary Sembcorp Green Infra was awarded a 50 megawatt (MW) round-the-clock power project from Solar Energy...
Grab prices and increases convertible notes offering to US$1.5 billion
The proceeds will be used for general corporate purchases, a concurrent repurchase of shares and possible acquisitions[SINGAPORE] Grab announced on Wednesday (Jun 11) that its five-year convertible note offering...
China likely to ditch low-grade coal from Indonesia due to glut
CHINA is likely to cut imports of the lowest grades of coal as a glut of the fuel makes the trade uneconomic and the government tightens up on carbon...
Stocks to watch: CapitaLand Investment, TalkMed, Aspen
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 12).CapitaLand Investment (CLI): The manager of CapitaLand China Trust (CLCT), a CLI...
Toyota chairman re-elected against backdrop of US$33 billion buyout bid
[TOYOTA CITY, Japan] Toyota Motor shareholders re-elected Akio Toyoda as chairman on Thursday (Jun 12), highlighting support among mom-and-pop investors even as the Japanese automaker’s US$33 billion buyout of...
Nvidia marks Paris tech fair with Europe AI push
[PARIS] Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday with a bang as Nvidia boss Jensen Huang announced a major push into...
Oil prices jumps 4% to 2-month high as tensions rise in Middle East
[NEW YORK] Oil prices rose more than 4 per cent on Wednesday, to their highest in more than two months, after sources said the US was preparing to evacuate its Iraqi...
