Markets

LONDON: European venture capital firm Balderton Capital is launching a US$400 million fund to invest in technology start-ups, bringing its total funds under management to US$3 billion, it said on Tuesday. Total venture capital funding in European start-ups hit a record high of 24.6 billion euros ...

China's Tencent Music Entertainment Group reported better-than-expected third-quarter revenue on Monday, as the music streaming company added more paying users.

<p>IT WAS 2017 and Audrey Chew was looking for something new to do. She had returned to Singapore after five years of working for a Brazilian mining company in China.</p>

<p>SINGAPORE's quest to become a global green finance hub just got a US$2 billion speed boost with the launch of an investment programme to support the growth of climate-friendly projects.</p>

<p>THE Monetary Authority of Singapore (MAS), JPMorgan and Temasek have developed a blockchain-based prototype that enables payments to be made in different currencies on the same network.</p>

<p>DBS Bank is working with Singapore's public healthcare system to move all public hospitals, specialty centres and polyclinics onto the nation's unified payment code, Singapore Quick Response Code (SGQR), by the end of next year.</p>

<p>DBS and OCBC Bank are tying up with tech giant Google.</p>

<p>BUSINESS sans Borders (BSB), a cross-border digital trade platform experiment for small and medium-sized enterprises (SMEs), will be ramped up in the first half of next year, having completed its proof-of-concept (POC) stage, said the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA).</p> ...

<p>SOUTH-EAST Asia's largest lender DBS will not be able to meet its 2019 net interest margin (NIM) growth forecast that it had guided for earlier, as the three interest rate cuts by the US Federal Reserve this year took the bank by surprise.</p>

<p>DENNIS Tan, who oversees OCBC Bank's consumer financial services Singapore, is leaving the bank.</p>