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Latest news

Three Arrows co-founder Zhu Su gets restraining order against BitMEX co-founder for harassment

Business Times•11 May 2023
Co-founder of failed crypto hedge fund three arrows capital (3ac) zhu su has been granted a protection order from the state courts against crypto exchange bitmex co-founder arthur hayes.

Are you using your air miles? The future of air miles with NFTs

e27•11 May 2023
AirMiles was the pioneer of the coalition or multi-partner loyalty program when it made its debut in 1992, and it rapidly gained popularity among Canadian customers. Following its triumph in the domestic market, the program expanded to other nations worldwide, such as the UK, Spain, and the Netherlands. The announcement of their filing for bankruptcy ...The postAre you using your air miles? The future of air miles wi...

Credit Suisse CDS surge as hedge funds see potential trigger

Business Times•11 May 2023
An illiquid corner of swaps insuring credit suisse group debt has surged back to life as some hedge funds make the case they should be triggered.

A snapshot of the six cool products we found at Beyond Expo in Macao

e27•11 May 2023
The third BEYOND International Technology Innovation Expo is underway in Macao. The three-day-long event — launched as an Asia alternative to the annual Consumer Enterprise Show in Las Vegas — is showcasing and discussing technologies related to healthcare, consumer-tech, and sustainability. Tens of companies are exhibiting their innovative products at the Beyond Expo. From medical ...The postA snapshot of the six c...

Level up your startup credibility: Join the e27 Contributor Programme and stand out amongst the rest

e27•11 May 2023
Imagine having the opportunity to be part of a dynamic and innovative community that not only values your voice but also helps you build your brand credibility! That’s exactly what e27 Contributor Programme was created for. With the mission to equip founders, investors, innovators, and technicians with the tools to build and grow their businesses, ...The postLevel up your startup credibility: Join the e27 Contributor...

Robinhood beats revenue estimates as rate hikes bolster interest income

Business Times•11 May 2023
Robinhood markets on wednesday (may 10) surpassed wall street estimates for first-quarter revenue, as the us federal reserve’s rapid rate hikes boosted the online brokerage’s interest income.

Overcoming obstacles: Linking crypto to traditional banking

e27•11 May 2023
Cryptocurrencies have been making headlines for their potential to transform the way we think about money and investment. With their decentralised nature and lack of government control, they offer a level of autonomy that traditional assets cannot match. As a result, many investors are looking to diversify their portfolios and take advantage of the potential ...The postOvercoming obstacles: Linking crypto to traditio...

Check out 6 startups that are frontrunners for this year’s TOP100

e27•11 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The postCheck out 6 startups that are frontrunners for this year’s TOP100appeared first on...

Check out these 15 startups closer to conquering the 2023 TOP100

e27•11 May 2023
Use our special promo code: GO for 75% off your Echelon tickets! The 2023 Echelon Asia Summit is happening at the Singapore EXPO on 14-15 June 2023. Are you a startup founder, investor, corporate, or tech enthusiast? Don’t miss out on one of the most anticipated tech conferences in the region! For more information, visit the ...The postCheck out these 15 startups closer to conquering the 2023 TOP100appeared first one...

Gold edges higher as dollar slips; US Fed outlook in focus

Business Times•11 May 2023
Gold prices ticked up on a softer dollar in early asian hours on thursday (may 11), while investors awaited further clarity on the us federal reserve’s monetary policy path.

UBS scrutinises Credit Suisse’s Asia loans in risk appraisal

Business Times•11 May 2023
Ubs group bankers assessing credit suisse group’s business have flagged concerns about some portfolios of loans in high-growth asian countries as the firm decides which assets to tag for a wind-down unit.

Bank of England poised to raise rates again to tackle stubborn inflation

Business Times•11 May 2023
The bank of england (boe) is poised to raise borrowing costs for the 12th meeting in a row on thursday (may 11), as it tries to tackle stubbornly high inflation that stands at double the level of the united states’ and much higher than those in the eurozone too.

Blackstone, PNC, Apollo among 20 firms that bid for SVB assets

Business Times•11 May 2023
At least 20 companies including units of blackstone, pnc financial services group and apollo global management were involved in bids for parts of silicon valley bank (svb) after it collapsed.

GIC seen as frontrunner for 2 billion euros stake in Germany’s Messer

Business Times•10 May 2023
Singapore sovereign wealth fund gic has emerged as the frontrunner to buy a stake in messer, a deal that could value the german industrial gas maker at more than us$10 billion, people familiar with the matter said.

Citigroup nears US$7 billion sale of Banamex unit to Grupo Mexico

Business Times•10 May 2023
Citigroup is nearing a deal to sell most of its banamex retail operations to grupo mexico for roughly us$7 billion, according to people familiar with the matter. the mexican conglomerate’s shares dropped by the most in almost four months.

Binance’s crypto market share likely fell after zero-fee trading halt

Business Times•10 May 2023
Binance appears to have lost market share amid changes to its trading-fee structure and a wider regulatory crackdown on the cryptocurrency universe by us officials.

Oil drops 1% after US data points to further rate hikes

Business Times•10 May 2023
Oil prices fell by more than a dollar a barrel on wednesday, ending a three-day rally, as economic data suggested that the us federal reserve might hike interest rates further.

Citi acquisition to raise proportion of higher-margin unsecured lending in UOB’s consumer business

Business Times•10 May 2023
Uob’s consumer business could enjoy a lift in margins with the addition of the consumer portfolio acquired from citi, which is skewed towards unsecured lending and credit cards, said a senior executive at the bank.

EU launches first tender for joint gas purchases

Business Times•10 May 2023
The european union on wednesday (may 10) launched its first international tender for joint gas purchases, as the bloc looks to assure its supplies in the face of russia’s war on ukraine.

China audits littered with deficiencies, US accounting watchdog finds

Business Times•10 May 2023
The us public company accounting oversight board (pcaob) found unacceptable deficiencies in audits of us-listed chinese companies performed by kpmg in china and pricewaterhousecoopers in hong kong, the government agency said on wednesday (may 10).

Private-credit firms see opportunity as banks tighten lending

Business Times•10 May 2023
Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the united states as battered regional banks tighten lending after the turmoil in the sector, according to fund managers and investment strategists.

Crypto firms call for global consensus instead of “fire hose” of rules

Business Times•10 May 2023
A “fire hose” of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on wednesday (may 10).

DBS considering expansion in Dubai, says Piyush Gupta

Business Times•10 May 2023
Dbs group holdings is considering an expansion in dubai, making south-east asia’s biggest lender the latest financial firm to explore scaling up in the middle eastern business hub.

British pound no longer looks attractive after rally, Deutsche Bank says

Business Times•10 May 2023
Deutsche bank said on wednesday (may 10) that it no longer thinks the british pound is attractive in the short-term after a rally that has lifted sterling to around its highest in a year.

Taiwan’s banks cut China exposure to record low as tensions rise

Business Times•10 May 2023
Taiwanese banks have slashed their exposure to china to the lowest level in at least a decade, as increasingly fraught ties across the strait deter lenders from expanding in the world’s second-largest economy.
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