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Singapore stocks appear unfazed by ECB’s decision; STI once again flat
Singapore stocks appear unfazed by ECB’s decision; STI once again flat
SINGAPORE shares ended Friday (Jun 7) barely changed, after the European Central Bank (ECB) delivered its first rate cut since 2019.The benchmark Straits Times Index was unchanged in percentage...
Last money launderer to plead guilty in S billion case gets longest jail term – 16 months
Last money launderer to plead guilty in S$3 billion case gets longest jail term – 16 months
WANG Dehai, one of the 10 foreigners arrested in last August’s anti-money laundering bust, was handed 16 months of jail time on Friday (Jun 7), the longest of the...
Meituan prepping Middle East foray while exploring Europe, Asia
Meituan prepping Middle East foray while exploring Europe, Asia
MEITUAN is preparing for a potential entry into the Middle East in its first expansion beyond the China region, even as it begins to consider the feasibility of other...
Crypto exchange Kraken is in talks for pre-IPO fundraising round
Crypto exchange Kraken is in talks for pre-IPO fundraising round
KRAKEN, one the oldest cryptocurrency exchanges, is considering raising a final funding round ahead of a possible initial public offering (IPO) after receiving inquiries from potential investors during the...
Boeing Starliner carrying Nasa astronauts reaches International Space Station
Boeing Starliner carrying Nasa astronauts reaches International Space Station
BOEING’S space taxi docked with the International Space Station, bringing the spacecraft’s first two passengers to the orbiting laboratory as part of a critical flight test for Nasa.Nasa astronauts...
Stocks to watch: Nio, Sembcorp
Stocks to watch: Nio, Sembcorp
THE following companies saw new developments that may affect trading of their securities on Friday (Jun 7): Nio : NIO 0%: The Shanghai-based electric vehicle maker’s adjusted net loss widened...
US proposes to boost Internet security, citing Chinese carrier action
US proposes to boost Internet security, citing Chinese carrier action
THE Federal Communications Commission (FCC) on Thursday (Jun 6) voted to advance a proposal to boost the security of information transmitted across the Internet after government agencies said a...
GameStop surges almost 50% as ‘Roaring Kitty’ teases livestream
GameStop surges almost 50% as ‘Roaring Kitty’ teases livestream
SHARES of GameStop surged nearly 50 per cent on Thursday (Jun 6) after the online stock influencer known as “Roaring Kitty” posted on YouTube that he would host a...
US banks tap complex mortgage product to fight deposit flight risk
US banks tap complex mortgage product to fight deposit flight risk
US BANKS are ramping up investments in a complex part of the mortgage bond market that offers shorter-term securities, as they cope with the growing risk of their losing...
IPOs in Europe set for handy boost from ECB rate cut, BofA says
IPOs in Europe set for handy boost from ECB rate cut, BofA says
THE historic interest rate cut by the European Central Bank on Thursday (Jun 6) might be just the boost the regional market for initial public offerings needs to spur...