Entrepreneurship
NYSE to launch in Texas, escalating listing venue competition
THE New York Stock Exchange announced on Wednesday (Feb 12) it will launch an exchange in Texas, increasing competition among listing venues in the state.Several high-profile firms, including Elon...
DBS appoints group audit head Derrick Goh as group COO, a newly created role
SINGAPORE’S largest lender DBS has appointed its current group audit head, Derrick Goh, to assume the newly created role of group chief operating officer, said the bank on Wednesday...
China launches new rocket crucial to challenging Musk’s Starlink
A NEW Chinese rocket took off on its debut mission, marking a major step in Beijing’s effort to catch up with Elon Musk’s Starlink.
The first Long March 8A rocket...
Indian central bank’s surprise, outsized intervention eases bearish bias on rupee
THE Indian central bank’s unexpected and decisive intervention in the foreign exchange markets over the past two days, worth as much as US$11 billion by one estimate, has reduced...
A*Star launches S$38 million MedTech Catapult to drive medical device commercialisation
THE Agency for Science, Technology and Research (A*Star) on Wednesday (Feb 12) launched MedTech Catapult, an initiative meant to accelerate the development and commercialisation of life science instruments and...
China’s record mergers in 57 trillion yuan small banking sector raise future risks
CHINA oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s efforts to tackle risks in the small...
ABS introduces digital tool for banks to verify trade financing documents
BANKS in the Republic can now better tackle trade finance fraud with a new automated digital tool that checks the authenticity of bills of lading – supporting documents commonly...
Bank Indonesia says liquidity measure will support government housing goal
Bank Indonesia has been using similar liquidity measures to spur credit growth since 2023INDONESIA’S central bank said it will increase to 80 trillion rupiah (S$6.6 billion) the amount of...
Trump’s crypto company launches strategic ‘token reserve’
WORLD Liberty Financial (WLF), the new crypto platform in which US President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to...
CBA’s first-half profit beats estimates on strong asset quality, lending volume growth
COMMONWEALTH Bank of Australia’s (CBA) first-half cash earnings beat estimates on Wednesday (Feb 12), as lending volume growth and lower provisions for bad debts offset higher technology costs.Shares of...
