Prediction market platform Polymarket tops $1 billion in annualized revenue, source says
June 26 : Polymarket's annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial events. Here are some details: ...
Falling energy prices won't defuse rising risk of civil unrest in emerging markets
(Refiles story to fix format, no change to text)By Colleen GokoJOHANNESBURG, June 26 : A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to hous ...
Polestar barred from future US sales under Chinese tech rules
The rules are designed to block connected vehicles with Chinese software, hardware or ownership ties on national security grounds
XMH Holdings proposes 11 cents total dividends as earnings jump 24.9% y-o-y to $31.9 mil, announces share split
Lin Daoyi - Marine engine distributor XMH Holdings announced $31.9 million in profit after tax for FY2026 ended April 30, in a bourse filing on June 26. This represents a y-o-y increase of almost 25%. Earnings per share stood at 28.79 cents, up from the previous year’s 23.29 cents. Revenue increased by nearly ...
Wall St opens lower as chip stocks resume slide
[NEW YORK] Wall Street’s main indexes fell on Friday (Jun 26), as chipmakers came under renewed selling pressure after a stellar run...
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
Chloe Lim - With its primary business sold away and stock price flagging, its continued public listing has come into question
BOE sees weather as new inflation risk while London sizzles
As LONDON bakes in record-breaking sunshine, Bank of England officials are beginning to fret that, as one supply shock dissipates, the weather...
Diverted freight, bad weather cause congestion in Singapore port
Tay Peck Gek - PSA observes higher vessel arrival volumes, says conditions are expected to be temporary
Aoxin Q&M Dental applies to move listing from Catalist to Mainboard
Teo Zheng Long - Aoxin Q&M Dental Group (SGX: 1D4 ) announced that it has submitted an application to the Singapore Exchange on June 26 on the proposed transfer of its current listing from Catalist to Mainboard. In the June 26 announcement, Aoxin states that it has achieved a consolidated profit before tax of ar ...
UBS initiates coverage on JustCo with a 12-month price target of $1.18
Goola Warden - UBS, one of the underwriters of JustCo’s IPO, issued a report on June 24, initiating coverage on JustCo with a buy rating and a 12-month price target of $1.18. “The share price has fallen since listing and we think reflects limited investor familiarity with the flex office model, and execution c ...
YZJ Maritime conducts share buyback with purchase of 426,300 shares from market
Teo Zheng Long - Maritime asset manager Yangzijiang (YZJ) Maritime Development (SGX: 8YZ ) has purchased 426,300 shares from the open market at a price of 58.5 cents. The total consideration amounts to $249,630.13. This latest share buyback transaction comes after its initial open market purchase on June 25, where t ...
Spain markets watchdog rules out extension for EU crypto licence deadline
MADRID, June 26 : Spain's market watchdog will grant no extensions or waivers to crypto firms that fail to secure licences under the EU's landmark MiCA regime, its chair Carlos San Basilio said on Friday, when asked about major platforms, including Binance, which do not have licences.• C ...
Surbana Jurong group CEO Sean Chiao to step down; search for successor under way
Ry-Anne Lim - The group credits him with steering its transformation agenda and anchoring its enterprise approach
Surbana Jurong group CEO Sean Chiao steps down; search for successor under way
Ry-Anne Lim - The group credits him with steering its transformation agenda and anchoring its enterprise approach
Financial regulators scramble to counter AI rise with own tools
ZURICH, June 26 : Banks and financial sector watchdogs must move quickly to adopt new technology to plug system vulnerabilities as AI supercharges cybersecurity risks, a top Swiss financial regulator said in an interview. Here are a few details: • Marlene Amstad, president of Swiss market regulato ...
Singapore stocks decline on Friday amid global tech rout; STI down 0.5%
Chloe Lim - Thai Beverage leads the gainers on the blue-chip index
Swatch claiming US$170 million in damages against Samsung over trademark infringement
A British judge is expected to rule on damages soon
Russell rebalance could add to SpaceX volatility
June 26 : Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars' worth of Elon Musk's internet and rocket company to their holdings.After a blockbuster initial public offering this month ...
Real estate firm Ohmyhome’s journey over the past 10 years
Chloe Lim - The sale of its main brokerage business for US$1 is the latest in a string of issues since its Nasdaq listing
Swatch seeks $170 million in damages from Samsung over trademark infringement
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages from Samsung in what it says is the largest-ever trademark case of its kind in the UK, accusing the South Korean electronics group of allowing digital replicas of Swatch timepieces on its smartwatches, court documents show.A ruling ...
Swatch claiming $170 million in damages against Samsung over trademark infringement, FT reports
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages in a lawsuit against Samsung in which it claims the South Korean electronics giant allowed digital clones of Swatch watches on Samsung smartwatches, the Financial Times reported on Friday citing court documents.A British judge is e ...
China securities regulator ordered cross-border swap curbs, sources say
China’s TRS exposure is about 500 billion yuan (S$95.1 billion), mostly in overseas equities
Inflation worries overtake trade war as top concern of reserve managers: UBS Asset Management survey
The Edge Singapore - Persistent inflation and uncontrolled rise in long-term yields have displaced worries over the trade war as the top risk impacting the global economy, according to UBS Asset Management, citing its annual survey of reserve managers, with 82% of them citing this worry. Trade war escalation, which was ...
SJ Group CEO Sean Chiao to retire on July 31; global search underway for next chief
Jovi Ho - Surbana Jurong Group (SJ Group) group CEO Sean Chiao will retire and step down from the board of SJ Group, effective July 31. Chiao has led SJ Group since April 2023. He had moved from his previous role as CEO for buildings and places, a global business line at infrastructure consulting firm Aecom. ...
France's statistics department reports cyberattack on staff data
PARIS, June 26 : France's national statistics department Insee said a cyberattack had led to a breach of personal data from its directory, affecting about 12,800 current and former staff and members of Insee-related civil service corps.Insee said the breach involved identities and professional ...
South Korean shares post worst week since March on US tech sell-off
Circuit breakers were activated for the fifth time this year
South Korean shares post worst week since March on US tech selloff
Circuit breakers were activated for the fifth time this year
Volkswagen CEO aims to cut up to 100,000 jobs in the next few years
It will discontinue production at four of the group’s German plants
Tech weakness sends weekly global equity fund inflows sharply lower
June 26 : Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S. Federal Reserve cooled risk appetite.Investors purchased a net $7.51 billion worth of global equity funds during the week, down about 86 per c ...
Nikkei ends 4% lower as SoftBank tanks on OpenAI IPO delay report
SoftBank fell 12.53 per cent
Dollar falls for second straight day but poised for weekly gain
NEW YORK, June 26 : The dollar slipped for a second straight session on Friday as recent economic data and a drop in oil prices cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.Despite the recent declines, the greenbac ...
Resilient dollar slips, markets still wary of yen intervention risk
LONDON, June 26 : The dollar slipped against most other major currencies on Friday as Federal Reserve rate hike bets were tempered a touch by the latest economic data and falling oil prices, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still ...
Resilient dollar takes a step back, markets still wary of yen intervention risk
LONDON, June 26 : The dollar was a touch softer against other major currencies on Friday as fresh economic data and Federal Reserve comments led markets to pare rate-hike bets, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to end ...
UK’s Crown Estate profits fall as offshore wind fees decline
The value of the Crown Estate portfolio increased 11.3 per cent to £16.7 billion last year
