Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator’s push towards its derivatives product offerings amid a weak securities market. Higher derivatives volumes for equities, currencies and commodities helped offset a weaker showing from cash equities and treasuries. SGX‘s revenue from fixed income, currencies and commodities (FICC) increased 19% to S$252.7 million ($182.92… Continue reading SGX posts record revenue, profit inches up on higher derivatives volumesIt said total revenue increased 4% to a record S$1.10b
Category: Tech News
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After banks crak down on WhatsApp, asset managers tighten rules for employeesRegulators have already begun to clamp down on the use of unauthorised me…
Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools to discuss potentially market-moving matters, but the issue gathered urgency when the pandemic… Continue reading After banks crak down on WhatsApp, asset managers tighten rules for employeesRegulators have already begun to clamp down on the use of unauthorised me…
South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
South Korean tech conglomerate Kakao Corp said on Thursday it is no longer exploring plans to sell about 10% of unit Kakao Mobility after objections from unionised employees and other stakeholders. Kakao holds a 57.6% stake in Kakao Mobility, whose app Kakao T offers South Korea’s most popular taxi-hailing service with 31 million registered users. It had been looking at a possible share sale… Continue reading South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
Singapore’s FOMO Pay pockets $13m in Series A and other SE Asia deals
Singapore-headquartered payment startup FOMO Pay has announced that it raised $13 million in its Series A funding round anchored by Jump Crypto, the crypto arm of high-frequency trading firm Jump Trading Group. HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital also participated in the funding round, which will help FOMO Pay invest in… Continue reading Singapore’s FOMO Pay pockets $13m in Series A and other SE Asia deals
TikTok to clamp down on paid political posts ahead of US midterm elections
TikTok will work to prevent content creators from posting paid political messages on the short-form video app, as part of its preparation for the US midterm election in November, the company said on Wednesday. Critics and lawmakers accuse TikTok and rival social media companies, including Meta Platforms and Twitter, of doing too little to stop political misinformation and divisive content from spreading on… Continue reading TikTok to clamp down on paid political posts ahead of US midterm elections
Shima Capital Closes $200M Maiden Fund to Support Web3 Founders
Shima Capital, a San Francisco, CA-based global venture firm that invests in early-stage blockchain companies across all market cycles, launched its debut fund. Shima Capital Fund I raised $200 million receiving support from notable investors including Dragonfly Capital, Bill Ackman, Animoca, OKex, Mirana Ventures, Republic, and Andrew Yang, among others. Founded in 2021 by veteran investor Yida Gao, Shima… Continue reading Shima Capital Closes $200M Maiden Fund to Support Web3 Founders
Tesla releases rare comment denying media report’s claim an executive has left
Tesla has released a rare public comment denying a media report that claims an executive has left the company. Over the last few years, almost every article about Tesla you read includes some version of the phrase “we contacted Tesla for a comment, but the automaker has not responded.” That’s because the automaker has stopped… Continue reading Tesla releases rare comment denying media report’s claim an executive has left
Clean Technica: How Strong Is Brand Loyalty These Days In The Automobile Market?002182
I have been a big fan of the James Bond Series since high school. I would always go to the movie theater to watch every new release as soon as it came out. When I was in high school, it was the time when GoldenEye featured the BMW Z3, the 750 iL was in Tomorrow… Continue reading Clean Technica: How Strong Is Brand Loyalty These Days In The Automobile Market?002182
Someone’s Pet Bunnies Dug Up Ancient Human Remains
Maybe they thought they were leaving their humans a gift? Bad Bunnies They’re cute, they’re cuddly — and they’re apparently graverobbers. As the Netherlands’ Dutch News reports, police in the city of Amersfoort were called when some kids’ pet rabbits dug up what appeared to be bones in their garden earlier this week. The subsequent excavation,… Continue reading Someone’s Pet Bunnies Dug Up Ancient Human Remains
Study Finds That Buttons in Cars Are Safer and Quicker to Use Than Touchscreens
Turns out slapping a giant iPad on the dash isn’t ideal to control your car. Button Pusher Many automakers are getting rid of good ol’ fashioned buttons and switches these days, in favor of touchscreen infotainment systems. Now, new evidence shows those touchscreens are far less safe and efficient than the old school alternative, according… Continue reading Study Finds That Buttons in Cars Are Safer and Quicker to Use Than Touchscreens