{
}
Temasek Trust has committed $50 million to Tekoma Energy, a Japanese solar energy company owned by HSBC Asset Management. The investment, facilitated by ABC Impact, will enable Tekoma to develop and upscale its solar photovoltaics projects in Tokyo.
Singapore is proposing a new bill to empower police to restrict banking transactions for individuals suspected of sending money to scammers, amid a surge in scam cases that have increased nearly fivefold since 2019. The Protection for Scams Bill aims to protect victims who, despite warnings, continue to authorize transfers, with 86% of reported scams in early 2024 involving such individuals. The bill allows for temporary restriction orders on banking activities, which can be extended if necessary, as part of broader efforts to combat rising financial crime.
Wyden, a leading technology provider for institutional trading in digital assets, has secured 14.5 million Swiss francs in a Series B financing round, attracting new investors including Postfinance and SBI-Sygnum-Azimut. Headquartered in Zurich, the company plans to expand its market presence in regions such as the EU, Turkey, and Brazil, aiming to connect with 20 additional banks and brokers while increasing its workforce to 100 employees. CEO Andy Flury expressed confidence that this funding will strengthen Wyden's position as a global market leader in digital asset trading infrastructure.
Sea Ltd.’s e-commerce division achieved its first quarterly profit on an adjusted basis, demonstrating resilience against larger Chinese competitors in Southeast Asia, particularly Indonesia. The company reported a net income of $153.3 million, surpassing analyst expectations of $128.6 million, while sales increased by 31% to $4.3 billion, exceeding the forecast of $4.1 billion.
Switzerland has maintained its position as the most innovative country for 14 consecutive years, excelling in both innovation inputs and outputs. The nation benefits from a robust intellectual property system, significant R&D investment, and strong collaboration between academia and industry, attracting foreign companies to establish research hubs. Despite its small size, Switzerland's high-tech sectors, particularly in biotech and precision machinery, contribute significantly to its economic success and innovation ranking.
A French-Indonesian initiative aims to accelerate the closure of coal plants, highlighting the potential for private finance to play a crucial role in reducing emissions. The Coal Transition Commission advocates for relaxed sustainability criteria and innovative financing solutions, including blended finance and carbon credits, to support this transition. However, skepticism remains regarding the effectiveness of carbon markets and certain technologies proposed for emissions reduction.
Iron ore prices have fallen below $100 a ton, reaching their lowest point in over two weeks, as concerns about demand from China grow. The decline, which marks a third consecutive day of losses, follows China's lackluster economic support measures, including a debt-swap plan that did not provide direct stimulus, alongside persistently weak inflation in the country.
Celanese Corporation has shifted its rating from buy to neutral by UBS. The company focuses on chemicals and specialty materials, with net sales primarily from acetyl products (55.7%) and high-performance engineering polymers (44.3%). Geographically, the largest markets are the United States (25.8%), Germany (22.6%), and China (17.8%).
Celanese Corporation has shifted its rating from buy to neutral by UBS. The company focuses on producing chemicals and specialty materials, with net sales primarily from acetyl products (55.7%) and high-performance engineering polymers (44.3%). Geographically, the largest markets include the United States (25.8%), Germany (22.6%), and China (17.8%).
Hirslanden's Chief Financial Officer, Pierre-Antoine Binard, is departing after six years to pursue a new opportunity in his home region. Binard, who previously held CFO roles at Manor and Carrefour, significantly shaped Hirslanden's financial strategy. Stefan Reinert and Claudio Bitzi will serve as interim CFOs while the search for a permanent successor begins.
SGP
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
temasek trust invests 50 million in japanese solar company tekoma energy
01:06 13.11.2024
singapore proposes bill to restrict banking for scam victims amid rising cases
Singapore Dollar
United States Dollar
Standard Chartered Bank
Hongkong and Shanghai Banking Corporation
Citibank
SGP
Show more
20:12 12.11.2024
Wyden secures 14.5 million francs to expand digital asset trading platform
Swiss Franc
FiveT Fintech AG
Luzerner Kantonalbank AG
SBI-Sygnum-Azimut Digital Asset Opportunity Fund
PostFinance AG
TUR
POL
ARE
SGP
USA
HKG
CHE
BRA
Andy Flury
Show more
16:31 12.11.2024
sea ltd reports first quarterly profit as sales exceed expectations
12:35 12.11.2024
switzerland remains the most innovative country in global rankings
Brazilian Real
Chinese Yuan
Euro
Swiss Franc
United States Dollar
Novartis AG
Philip Morris International Inc.
Nestlé S.A.
Hoffmann-La Roche AG
Google Inc.
PAK
MUS
SAU
CHN
IDN
QAT
SGP
USA
CHE
KOR
BRA
Martin Wörter
Sacha Wunsch-Vincent
Show more
09:00 12.11.2024
coal transition commission calls for urgent investment to phase out coal plants
Monetary Authority of Singapore
International Energy Agency
Bloomberg Inc.
IDN
FRA
SGP
GBR
Mark Carney
Agnès Pannier-Runacher
Emmanuel Macron
Ravi Menon
Paddy McCully
Show more
08:58 12.11.2024
iron ore futures fall below 100 dollars amid china demand concerns
06:37 12.11.2024
celanese corporation shifts from buy to neutral rating by ubs
United States Dollar
Chinese Yuan
Singapore Dollar
Euro
Mexican Peso
Celanese Corporation
UBS AG
BRA
GBR
ITA
ESP
KOR
BEL
JPN
IND
SGP
CHE
CAN
USA
FRA
MEX
CHN
DEU
Show more
16:11 11.11.2024
celanese corporation shifts from buy to neutral rating by ubS
United States Dollar
Chinese Yuan
Singapore Dollar
Euro
Mexican Peso
Celanese Corporation
UBS AG
BRA
GBR
ITA
ESP
KOR
BEL
JPN
IND
SGP
CHE
CAN
USA
FRA
MEX
CHN
DEU
Show more
16:11 11.11.2024
hirslanden seeks new chief financial officer after pierre-antoine binard departure
United States Dollar
Manor, Maus & Co.
Carrefour
SGP
CHE
MYS
FRA
Stefan Reinert
Andreas Kappeler
Claudio Bitzi
Pierre-Antoine Binard
Show more
14:49 11.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Supply Chain Management
Hedge Funds & Private Equity
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Commerzbank AG
Amazon.com, Inc.
Deutsche Bank RV Global PP
SpaceXCoin USD
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
Citigroup Inc.
SAP SE
BNP Paribas SA
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: