NYSE teams up with Securitize to develop tokenized securities platform
March 24 : The New York Stock Exchange, part of Intercontinental Exchange, announced a collaboration on Tuesday with digital asset company Securitize to help create tokenized versions of traditional financial securities.Securitize will serve as the first digital transfer agent eligible to create blo ...
NASA to cancel orbiting lunar station, build moon base instead
WASHINGTON, March 24 : NASA chief Jared Isaacman on Tuesday said the agency would cancel plans to deploy a space station in lunar orbit and instead use its components to construct a base on the moon's surface, part of an array of changes the new administrator is making to the agency's flag ...
‘Perfect storm’: Singapore energy traders, lawyers grapple with Iran war fallout
Benicia Tan - Quick judgements are needed to cope with extreme price changes and flurry of client requests
Zoox to widen US robotaxi footprint with San Francisco, Vegas expansion
March 24 : Zoox, Amazon's self-driving unit, said on Tuesday it will expand its robotaxi service in San Francisco and Las Vegas, and begin testing its purpose-built robotaxis in Austin and Miami, marking its broadest push yet into the U.S. autonomous ride-hailing market.Alphabet's Waymo le ...
Middle East funds ride China AI euphoria to world-beating IPO gains
Even amid the recent conflict, funds have continued to pursue global deals
Russia launches low-orbit satellites in bid to one day rival Starlink
MOSCOW, March 24 : Russia said on Tuesday it had launched 16 low-orbit satellites as Moscow seeks to build a rival to Elon Musk's Starlink network.Russia remains far behind Starlink, which since its first launch of operational satellites in 2019 has grown to more than 10,000 satellites in orbit ...
Global Invacom signs MOU to produce next-gen multi-orbit flat panel antenna
Felicia Tan - Global Invacom Group has, through its wholly-owned subsidiary, Global Invacom Limited, signed a memorandum of understanding (MOU) with Satwave Arrays Inc. to produce a multi-orbit flat panel antenna (FPA) for Ka/Ku-band commercially. Through the MOU, Global Invacom intends to bring to the market a m ...
ECB to start fresh checks on banks’ exposure to private credit
It plans to ask banks for details of their dealings with direct lenders
BMO to launch tokenized cash platform with CME and Google Cloud
March 24 : Bank of Montreal said on Tuesday it plans to roll out tokenized cash capabilities in collaboration with CME Group and Google Cloud, as it seeks to meet rising demand for real‑time payments amid a global shift toward around‑the‑clock trading.Tokenized cash enables near-instant settle ...
Stocks mixed, with oil prices higher as war uncertainty remains
NEW YORK/LONDON, March 24 : Major global stock indexes were mixed on Tuesday as oil prices extended recent sharp gains and worries persisted over how long the Israeli-U.S. war on Iran will go on.U.S. Treasury yields pushed higher and the dollar regained lost ground.Stocks had rallied on Monday after ...
Caution returns as glimmer of relief over Iran war fades, oil rebounds
LONDON, March 24 : World stocks eked out modest gains, while oil prices held above $100 a barrel on Tuesday, with caution setting in a day after U.S. President Donald Trump delayed the bombing of Iran's power grid.U.S. Treasury yields pushed higher and the dollar regained lost ground, in a retr ...
Boustead Projects secures Phase 2 fit-out contract exceeding $50 mil from repeat Fortune 500 client
Felicia Tan - Boustead Projects E&C, Boustead Singapore’s engineering and construction business under its real estate solutions division, has been awarded a second phase fit-out contract by a repeat client, a Fortune 500 corporation. The contract, worth over $50 million, will see Boustead Projects E&C c ...
Grab shareholders agree to double voting power of Class B ‘super-voting’ shares
Jude Chan - CEO Anthony Tan’s voting power will be lifted to as much as 74.9% – up from 59.1% as at Jan 31
SGX RegCo directs Shanghai Turbo to convene FY2024, FY2025 AGMs by Aug 31
Jude Chan - Failure to comply will be deemed a contravention of mainboard rules
Golf’s Singapore Open returns with The Business Times as new presenting partner
Lee U-Wen - The Apr 23-26 tournament will be played at Sentosa Golf Club’s Serapong course
China's Xiaomi posts first quarterly profit decline in three years
Adjusted net profit for the quarter to December 31 fell to 6.3 billion yuan
CEO of F&N Malaysian unit Lim Yew Hoe to retire after 11-year run
Chloe Lim - Industry veteran Tarang Gupta will succeed Lim
CEO of F&N Lim Yew Hoe to retire after 11-year run
Chloe Lim - Industry veteran Tarang Gupta will succeed Lim
Investors bet Iran war will boost Chinese renewables demand
Asia’s energy pivot, fuelled by security fears and US policy distrust
PM Wong to visit China from Mar 25 to 28 to deliver keynote speech at ‘Asian Davos’ forum in Hainan
Tessa Oh - He will also travel to Hong Kong to meet Chief Executive John Lee and engage business leaders
Singapore stocks rebound on Tuesday; STI up 0.4%
Benjamin Cher - Across the broader market, gainers beat losers 400 to 181, after 1.6 billion securities change hands
Singapore stocks rebounds on Tuesday; STI up 0.4%
Benjamin Cher - Across the broader market, gainers beat losers 400 to 181, after 1.6 billion securities change hands
Maybank raises Grab’s target price to US$6.48 on proposed acquisition of foodpanda Taiwan
Koh Kim Xuan - But DBS keeps its rating and target price unchanged for the company behind the superapp
Revolut revenue soars 46% to £4.5 billion as customers surge
That beat the £4.2 billion average analyst estimate compiled by Bloomberg
European car sales rise as EV demand gains momentum
New-vehicle registrations rose 1.7% in February from a year earlier to 979,321 units
Australia, EU agree sweeping new trade pact eight years in the works
CANBERRA: The European Union and Australia struck a long-awaited free-trade deal on Tuesday (Mar 24), while also agreeing to boost defence cooperation and access to crucial rare-earth minerals in the face of global uncertainty over trade.EU chief Ursula von der Leyen's visit to Australia comes ...
Japan’s SMFG prepares for possible takeover of Jefferies, FT reports
It is preparing for a potential move if a drop in the US investment bank’s share price creates an opportunity, sources say
Grab launches initiative to provide more support for its women partners in Singapore
Lionel Lim - Its co-authored study also reveals a total addressable market of 40.7 million women willing to work as driver-partners in South-east Asia
Sembcorp picks banks for A$3 billion Alinta loan in Aussie push
The loan arrangers are ANZ Group Holdings, DBS Group Holdings and OCBC, sources say
SIA to launch flights from new, 24-hour Western Sydney airport on Nov 23
Shikhar Gupta - The curfew-free hub will allow the carrier to bypass the existing Sydney airport’s curfews with overnight schedules
SIA to launch flights from new, curfew-free Western Sydney airport on Nov 23
Shikhar Gupta - The 24-hour hub will allow the carrier to bypass the existing Sydney airport’s curfews with overnight schedules
Ground-floor corner unit along East Coast Road up for sale at $19.9 mil target price
Jovi Ho - A 4,736 sq ft ground-floor corner unit along East Coast Road currently leased to preschool operator Pink Tower Montessori is up for sale, according to exclusive marketing agent Loyalle Chin of Steward Asia, under PropNex Realty. City & Country understands the target price is $19.9 million, which ...
Saudi Arabia, Kuwait to pursue energy deals despite war
Gulf states are keen to portray a business-as-usual approach despite Iran’s attacks
Asia Pacific Breweries to quit Singapore production for Malaysia and Vietnam
Renald Yeo - As part of the transition, about 130 staff will be laid off over the next two years
