Author: Journalist

The United Kingdom’s Court of Appeal partially dismissed a lawsuit brought by Bitcoin SV investors against major crypto exchanges, including Binance, for allegedly conspiring to delist the token in 2019.In a judgment handed down on May 21, the court ruled that investors who held BSV through the delisting period (classified as “sub-class B”) were not entitled to billions in speculative damages based on BSV’s hypothetical growth.These investors had claimed over 8.9 billion British pounds ($11.9 billion) in damages, asserting that Binance’s delisting deprived holders of the chance to profit from BSV’s potential rise to a “top-tier cryptocurrency” like Bitcoin (BTC)…

Published Thu, May 22, 2025 · 05:46 PMAsian equities track Wall Street sell-off as US deficit fears grow; Bank of Japan says it wont intervene to stop bond yield spike; Bitcoin rally takes largest token past US$111,000 for first time; Singtel returns to the black with S$2.8 billion H2 profit and unveils S$2 billion buyback programme.Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.Written and hosted by: Emily Liu ([email protected])Produced and edited by: Chai Pei Chieh & Claressa MonteiroProduced by: BT Podcasts,…

SINGAPORE – An e-book guide to help businesses find out how they would be affected by tariffs has been compiled by the Singapore Business Federation (SBF), which is also drafting measures to help firms find financing and diversify their supply chain. Speaking to The Straits Times ahead of the launch of the playbook on May 22, SBF chief executive Kok Ping Soon outlined the apex business association’s plans, including its intention to provide longer-term advice to firms on tariff matters. He said: “Companies are saying that they are concerned about reduced credit limits, increased collaterals, stricter governance. And it is…

Chipmaker AMD agreed on Monday to sell the data center infrastructure manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the contract manufacturer its partner for building AI computing systems.Under the terms of the agreement, Sanmina will pay $2.25 billion in cash, along with $300 million premium consisting of 50 per cent cash and 50 per cent equity.The deal also includes a $450 million contingent consideration based on financial performance of the business over the next three years.AMD closed its acquisition of ZT Systems for $4.9 billion in March and had announced plans to…

This week in ESG news: European Central Bank warns against watering down EU sustainability reporting rules; CDP restructures, aims to reduce sustainability reporting burden for companies; Shell faces new legal action over new oil & gas projects; Germany’s Merz looks to scrap EU sustainability due diligence law; Microsoft signs carbon credit mega-deal; L’Oréal to invest €100 million in sustainability innovations; EU lawmakers propose deeper cuts to sustainability reporting requirements; Gen Zs and Millennials integrating sustainability into career and consumption decisions; California moves forward with plans for $60 billion carbon pricing program; Republicans look to scrap billions in Biden-era clean energy…

Download Summary Most businesses underestimate the real potential of circular economy activities to boost profitability and secure financing. At the same time, financial institutions are eager to fund the sector — but both sides often struggle with clarity on what qualifies for investment beyond traditional recycling models. Scaling the circular economy requires more than good intentions: it demands clear policies, strategic partnerships, and financial risk mitigation and incentives that tackle key bankability challenges. With a growing number of circular economy finance guidelines emerging worldwide, harmonization is the key to unlocking a shared understanding between companies and investors. Harmonized Circular Economy…

Tom GerkenTechnology reporterGetty ImagesOne of the world’s biggest cryptocurrency firms, Coinbase, says a recent cyber attack will cost it up to $400m (£301m).The firm said it was contacted by hackers who claimed to have gained access to customer information, obtained by making payments to Coinbase contractors and employees.In a blog post, Coinbase said the criminals had gained access to “less than 1%” of its customer data, which they then used to impersonate the firm and trick people into handing over their crypto.The group then demanded $20m from Coinbase to keep it quiet – but it refused to pay the bribe…

Small-cap stocks in focus: Small-cap stocks are currently at the forefront of the Indian stock market’s latest bull run, which resumed this week following a double boost — the Indo-Pakistan ceasefire and an easing of tensions in the US-China tariff conflict.Retail investors’ favourite segment has historically outperformed both mid- and large-cap stocks during sustained rallies. The segment, which faced a severe beating between October and February due to concerns over expensive valuations, has seen a sharp recovery in the last two months amid improved March quarter performance and expectations of an earnings revival in the current fiscal year.Also Read |…

Investors brave enough to peek at their account statements recently know that US stocks have had a rocky 2025. Even before tariff-related volatility, DeepSeek AI’s launch clouded the major technology theme that powered the market in 2023 and 2024. According to my colleague Dave Sekera, AI stocks entered a bear market in March.The best-known investment bright spot in 2025 has thrived in response to uncertainty. You’ve probably heard about the price of gold shooting up, as panicky investors flee to a millennia-old store of value. Gold was also a shelter in the storm in 2022, when inflation triggered double-digit losses…

US Tech 100 resurgence driven by AI trade The US Tech 100 has shown impressive strength, with a 1.6% overnight gain. From an Elliott wave perspective, we’ve seen a three-wave pullback to 16,542, signaling a correction. Given the impulsive characteristics and resurgence of artificial intelligence (AI) investments, the index could retest record highs as market focus returns to AI-related investments. Bitcoin consolidating before potential new highs Bitcoin has broken above its 200-day MA before entering a consolidation phase after four consecutive weeks of gains. This consolidation could take it back toward 98,000, but the cryptocurrency will likely challenge its record high…