Firms
US indictments scythe US$27 billion off value of India’s Adani Group firms
ADANI Group companies lost about US$27 billion in market value on Thursday (Nov 21) after US prosecutors charged the Indian conglomerate’s billionaire chairman in an alleged bribery and fraud...
YTL Power and Sembcorp Industries among power firms likely to benefit from South-east Asia data centre boom
THE heating up of data centre growth in South-east Asia has been drawing investor interest. Now, analysts are turning the spotlight on one of the key beneficiaries of the...
Gold struggles for momentum as US dollar firms; eyes on Fed
GOLD prices struggled for momentum on Thursday (Nov 7), as US dollar firmed after Donald Trump’s election victory, while investors shifted focus to the Federal Reserve’s upcoming rate cut...
Crypto firms including Robinhood, Kraken launch global stablecoin network
A CONSORTIUM of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday (Nov 4) introduced a joint stablecoin pegged to the US dollar.The aim of...
Chinese solar firms, ever-nimble, go further afield where US tariffs don’t reach
SOME of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of United States trade tariffs targeting it and...
Abu Dhabi firms to launch tokenised US Treasuries fund
ABU Dhabi firms Realize and Neovision Wealth Management have launched an investment vehicle that will buy units of exchange traded funds (ETFs) focused on US Treasury Bills and convert...
Yen firms after less dovish BOJ; dollar dips ahead of inflation data
THE yen rose on Thursday (Oct 31) after the Bank of Japan took a less dovish tone than expected while the US dollar ticked lower ahead of jobs data...
E.U. Partners With Venture Capital Firms to Boost Tech Investment
The European Union has announced that it is teaming up with 71 investors that will co-invest in innovative tech projects in the region. Together, the venture capital funds, public...
