News
US: Wall Street opens higher on jobs data optimism; Tesla rebounds
Published Fri, Jun 6, 2025 · 09:42 PM[NEW YORK] US stock indexes opened higher on Friday (Jun 6) after a strong jobs report calmed worries over the health of...
Stonepeak said to be in exclusive talks for RM9 billion buyout of Yinson
Published Fri, Jun 6, 2025 · 08:30 PMSTONEPEAK Partners is in exclusive talks for a buyout of Yinson Holdings that may value the firm at as much as RM9...
Venture capital investment is rising in Los Angeles — and not just for AI startups
Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Chatsworth company that’s been around for more than...
Digital token service providers to mainly serve Singapore-based customers: MAS
The bar for licensing is high and it will generally not issue one, the regulator notes[SINGAPORE] Digital token service providers (DTSP) will not be able to serve only overseas...
Digital token service providers need licence to solely serve overseas customers: MAS
[SINGAPORE] Digital token service providers (DTSP) will need a licence to serve overseas customers only, said the Monetary Authority of Singapore (MAS) on Friday (Jun 6).The regulator has clarified...
India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio...
MAS, SPF to block website access to unlicensed trading platforms Octa and XM from Jun 20
[SINGAPORE] The websites of unlicensed trading platforms Octa and XM will be blocked for Singapore residents with effect from Jun 20, said the Monetary Authority of Singapore (MAS) and...
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
[SINGAPORE] Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg.
The sovereign wealth fund is said to be in...
Gold rises as weak US data offsets optimism from Trump-Xi call
GOLD rose on Friday and was set for weekly gains, as a spate of weak US economic data outweighed optimism from President Donald Trump’s call with his Chinese counterpart Xi...
Sats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says[SINGAPORE] Ground handler Sats is proposing to divest 509,600 ordinary shares or around 49 per...
