Culture
China’s shadowy crypto brokers lure US$75 billion as economy toils
CHINA’S over-the-counter (OTC) cryptocurrency brokers are attracting unprecedented inflows, a study shows, reflecting a hunger for alternative investments amid weak equity and property markets in a struggling economy.The inflows...
Amos Group receives S$0.07-per-share offer from executive chairman
OFFSHORE oil and gas equipment manufacturer Amos Group has received a voluntary unconditional general offer of S$0.07 per share in cash from its controlling shareholder, PeakBayou. PeakBayou is a private...
Spotify expands AI Playlist feature to new markets including US, Canada
SPOTIFY is expanding its tool that helps create playlists using generative artificial intelligence (AI) for premium users to four new markets, including the United States and Canada, the Swedish...
Stocks to watch: Silverlake Axis
THE following company saw new developments that may affect trading of its securities on Wednesday (Sep 25): Silverlake Axis: E2I’s voluntary unconditional offer to take the enterprise technology company...
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
CAROLINE Ellison, who testified against her former boyfriend and FTX founder Sam Bankman-Fried at his crypto fraud trial, was sentenced on Tuesday to two years in prison for her...
FAA chief says SpaceX needs to operate at ‘highest level of safety’
ELON Musk’s SpaceX must operate at the “highest level of safety,” the head of the US Federal Aviation Administration said on Tuesday, defending a proposed US$633,000 fine against the...
New York area port prepares for possible US strike disruption
NEW York area shipping officials urged customers to immediately retrieve their cargo ahead of a possible strike next week which would impact major US ports, according to a letter...
Europe: Shares end higher as markets cheer China’s stimulus plans
EUROPEAN shares ended higher on Tuesday, with China-exposed firms such as luxury giants and automakers at the helm of gains after China’s central bank unveiled broad stimulus measures to aid...
Starbucks shuffles top China ranks in new CEO’s latest move
NEW Starbucks chief executive officer Brian Niccol appointed Molly Liu as the sole leader of the China business as he continues to remake the company’s management ranks.Last year, Liu...
Catalytic capital is key to emerging markets badly in need of decarbonisation funding
Managers are courting catalytic capital – investment willing to accept a lower return – so as to bring more investors to the table BILLIONS of dollars are being raised...
