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Markets

Crypto carnage’s cautionary tale

AS CRYPTOCURRENCIES and their underlying blockchain technology edge into mainstream finance, several red flags still stand. These are likely to impede widespread adoption.

Markets

Coherent policy framework will boost stability: Ravi Menon

DEVELOPING effective policy instruments and using them in a coherent fashion will improve macro-economic and macro-financial stability, making financial globalisation safer, said managing director of the Monetary Authority of Singapore (MAS), Ravi Menon.

Markets

MAS joins Mojaloop Foundation to promote financial inclusion

THE Monetary Authority of Singapore (MAS) is joining the Mojaloop Foundation as a sponsor-level member - making it the first central bank to do so - to advance financial inclusion in emerging economies.

Markets

Nvidia current-quarter revenue forecast beats expectations

Nvidia Corp forecast second-quarter revenue above analysts' estimates on Wednesday, betting on strong demand for its flagship gaming and artificial intelligence chips for data centers.

Markets

Oil settles higher on stronger demand outlook as U.S inventories fall

Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut.

Markets

PayPal to allow users to withdraw cryptocurrency to third party wallets

PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets.

Markets

Analysis: Amazon’s Washington critics will feast on MGM deal

Amazon's move to buy the MGM movie and TV studio will provide fuel for the Seattle company's critics in the nation's capitol who complain it is already too big and powerful, but experts said the deal poses few classic antitrust concerns.

Markets

Facebook to take action against users repeatedly sharing misinformation

Facebook Inc said on Wednesday it would take "stronger" action against people who repeatedly share misinformation on the platform.

Markets

QAnon slogans disappearing from mainstream sites, say researchers

Many phrases associated with QAnon have largely disappeared from mainstream social media, mostly because of the platforms' "belated efforts" to crack down on the conspiracy theory, researchers at a U.S. think tank said on Wednesday.

Markets

TikTok owner ByteDance launches share buyback after shelving IPO plans: Report

ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday.

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