Posts by Stephanie Irvin
Binance, Kraken are said to have been targets of hacks
[PORTLAND] Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently disclosed by Coinbase Global, according to people familiar with the situation. Both digital-asset platforms were able to fend off the attacks without losing customer data, according to the people, who asked not…
Read MoreFamily offices added US stocks ahead of Trump’s ‘Liberation Day’
Published Sun, May 18, 2025 · 08:00 AM [LONDON] Investment firms for the world’s wealthy increased their stock bets ahead of US President Donald Trump imposing new tariffs that sent global markets into a tailspin before eventually clawing back losses. Family offices for a European dynasty, hedge fund billionaire Noam Gottesman and duty-free shopping tycoon…
Read MoreContainer ship owners swamped as US-China trade detente revives demand
[LOS ANGELES] Container ship bookings for China-to-US cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear. US importers of sneakers and sofas to construction supplies and auto parts are racing to get…
Read MoreOpenAI to help UAE develop one of world’s biggest data centres
[HONG KONG] OpenAI plans to help develop a massive new data centre in the United Arab Emirates that may eventually be one of the largest in the world, a major bet on the Middle East and a significant expansion of the company’s global artificial intelligence (AI) infrastructure ambitions. The ChatGPT maker is expected to be…
Read MoreEurope: Stoxx 600 rounds off fifth week of gains, Cartier-parent Richemont advances
[BENGALURU] European shares rounded off their fifth week of gains on Friday (May 16), as trade deals out of the US eased tariff worries and strong corporate results provided further boost. The region-wide Stoxx 600 index closed up 0.4 per cent. Most local bourses were also higher, with Germany’s hovering near a record high. Luxury…
Read MoreWhy Criminal Background Checks Are Wise for Risk Management
Every decision you make when starting a business influences your success, especially those concerning who you work with. Initial investors and board members bring invaluable expertise and capital. However, they pose serious risks to your business if not properly vetted. Below are reasons why conducting criminal background checks on these key players is a strategic…
Read MoreChina solar firms to speed up global push amid tariff truce
[SHANGHAI] Chinese solar companies will continue their expansion into emerging overseas markets during a 90-day tariff truce between the US and China that brings a more stable trade environment, company executives said at online investor briefings. “The easing of tariff policies between China and the US is conducive to providing a relatively stable overseas…
Read MoreUS: Wall Street builds on strong weekly showing as trade, inflation jitters ease
Published Fri, May 16, 2025 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened higher on Friday (May 16), building on this week’s gains fuelled by a US-China tariff truce and tamer inflation data, while a vote on President Donald Trump’s sweeping tax legislation was also in focus. The Dow Jones Industrial Average rose…
Read MoreHSBC revamps financing, advisory to help private credit push
[LONDON] HSBC Holdings is reorganising its capital markets and corporate advisory units into a new business as part of a plan aimed at helping Europe’s biggest bank grab a larger share of the booming private credit industry. The London-based lender said in a statement on Friday (May 16) that it was creating a new Capital…
Read MoreCreative appoints Sim Wong Hoo’s younger brother as CEO
[SINGAPORE] Creative Technology has named Freddy Sim, the younger brother of its late founder Sim Wong Hoo, as chief executive officer (CEO). The appointment is effective from Friday (May 16). Creative said in a filing with the bourse the same day that the 67-year-old, as an entrepreneur for more than 40 years in the field…
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