Memecoins Dogecoin, Shiba Inu jump as Ethereum optimism spreads

SINGAPORE (BLOOMBERG) – Dog-themed cryptocurrencies jumped on Monday (Aug 15) amid broader retail-investor enthusiasm in the market, particularly as Ethereum works towards its much-anticipated software upgrade. Dogecoin is up about 14 per cent over the past five days, while Shiba Inu has gained almost 40 per cent, according to pricing data compiled by Bloomberg. The […]

Malaysia’s stock exchange to launch voluntary carbon market by year end

KUALA LUMPUR (REUTERS) – Malaysia’s stock exchange on Monday (Aug 15) said it will launch a voluntary carbon market (VCM) by the end of the year, with the aim of increasing transparency and enabling companies to buy carbon credits to offset their emissions. The new exchange will encourage investments in high-quality offsetting projects, Bursa Malaysia […]

Debt issuers wonder if ESG label is worth it as scepticism spreads

LONDON (BLOOMBERG) – Bond issuers appear to be reviewing the merits of tapping the environmental, social and governance (ESG) debt market, based on an assessment that the lower financing costs the label generally brings are not worth the risk of being exposed to greenwash accusations. “There are a number of issuers that are reconsidering the cost-benefit […]

Clermont Meridian Trading Reports on ‘Emerging Market Equities’

Toronto, Ontario, Canada, August 11, 2022 – (SEAPRWire) – Clermont Meridian Trading has released the report on ‘Emerging Market Equities’. They will be encouraging selective exposure to emerging market (EM) equities, including China, across technology firms and innovation leaders. “We have performed a lot of research on emerging markets in recent years, and our clients have had significant success investing […]

BT Mark To Market Podcast: Battling bank-related phishing scams

Synopsis: Listen to Senior Correspondent Ben Paul’s analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times. With the growing threat of phishing scams and recent incidents involving high-profile banks, who should bear the most responsibility? And how can consumers better […]

Smartphone shipments drop to pandemic lows amid inflation, recession fears

TOKYO (BLOOMBERG) – Global smartphone shipments fell to their lowest quarterly number in two years after consumer confidence was sapped by inflation and recession fears. The quarter to June saw a 9 per cent drop to roughly 290 million units shipped, market trackers Canalys and Counterpoint said, with Chinese vendors leading the declines. Market leader […]

Huitongda Network Co. Ltd (09878.HK) Released Profit Forecast with Earnings Growth of 50%

HONG KONG, July 18, 2022 – (ACN Newswire) – As a retail industry leader in Chinese domestic lower-tier market, Huitongda Network Co. Ltd (09878.HK), which just completed a Hong Kong IPO, is releasing a strong value signal to the market. On July 14th, Huitongda Network released the profit announcement of the first half of 2022, showing […]

Crypto lender Celsius reveals $1.67 billion hole in bankruptcy filing

WASHINGTON (REUTERS) – Celsius Network listed a US$1.19 billion (S$1.67 billion) deficit on its balance sheet in a bankruptcy court filing on Thursday (July 14), a day after the cryptocurrency lender filed for filed for bankruptcy protection, or Chapter 11. Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for […]

ING spins out Pyctor digital assets technology to GMEX Group

London and Amsterdam, Jul 12, 2022 – (ACN Newswire via SEAPRWire.com) – ING announced today that it has spun out Pyctor to GMEX Group (“GMEX”), a leader in digital business and technology solutions for exchanges and post-trade market infrastructure. Pyctor’s digital post-trade market infrastructure technology is designed for firms operating in regulated environments. It provides […]

Oil sinks as China’s Covid-19 resurgence overshadows tight market

LONDON (BLOOMBERG) – Oil declined as the prospect of more demand-sapping virus restrictions in China overshadowed signs of a tightening market. West Texas Intermediate crude, the US benchmark, dropped to near US$103 a barrel after posting a loss last week in volatile trading. Coronavirus cases continued to climb in Shanghai and other regions, with new sub-variants providing a challenge to […]