Latest news with #EdgarSu
The Standard
2 days ago
- General
- The Standard
North Korea plans to build another 5,000-ton destroyer
A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia March 9, 2017. REUTERS/Edgar Su
Straits Times
2 days ago
- Business
- Straits Times
Washington says China will not let US government employee leave the country
Find out what's new on ST website and app. FILE PHOTO: A Chinese flag flutters on top of the Great Hall of the People, in Beijing, China October 18, 2023. REUTERS/Edgar Su/File Photo WASHINGTON - The U.S. State Department said on Monday that the Chinese government had blocked a U.S. Patent and Trademark Office employee visiting the Asian country in a personal capacity from leaving. "We are tracking this case very closely and are engaged with Chinese officials to resolve the situation as quickly as possible," a State Department spokesperson said. The U.S. Patent and Trademark Office is part of the federal Department of Commerce. The individual's name and whether the person was detained were not disclosed. The Chinese embassy in Washington and the U.S. Commerce Department did not immediately respond to requests for comment. The Washington Post reported on Sunday that a U.S. citizen who works for the Commerce Department had traveled to China several months ago to visit family. The man was being prevented from leaving the country after he failed to disclose on his visa application that he worked for the U.S. government, the newspaper said, citing sources. Beijing has used exit bans on both Chinese and foreign nationals in connection with civil disputes, regulatory enforcement and criminal investigations. Analysts say the tactic is at times used to crack down on local dissent and also as diplomatic leverage in disputes with other nations. Top stories Swipe. Select. Stay informed. World US President Trump 'caught off guard' by Israel's strikes in Syria Singapore LTA seeks tailored solutions to improve Bukit Panjang LRT's maintenance inspections Opinion Singapore's vaping crisis lays bare the drug addiction nightmare for parents Singapore Subsidies and grants for some 20,000 people miscalculated due to processing issue: MOH Multimedia 'It's very sad': She comforts loved ones turned away by inmates Opinion Sumiko at 61: 7 facts about facial skin ageing, and skincare ingredients that actually work Business Why Singapore and its businesses stand to lose with US tariffs on the region Opinion With Shatec cutting back operations, what's next for the hospitality sector? Washington and Beijing have had friction for years over issues ranging from tariffs to the origins of COVID-19 and Taiwan. Chenyue Mao, a Wells Fargo banker, has also been blocked from leaving China. Beijing's foreign ministry said on Monday she was involved in a criminal case and obliged to cooperate with an investigation. Mao was the latest of several executives from foreign corporations to be stopped as they tried to depart China. The U.S. bank suspended all employee travel to China after Mao's exit ban, a person familiar with the matter told Reuters last week, saying Mao was a U.S. citizen. REUTERS
GMA Network
5 days ago
- Business
- GMA Network
Singapore says cyber espionage group targeting critical infrastructure
A view of the central business district skyline in Singapore May 27, 2025. REUTERS/ Edgar Su SINGAPORE - Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by security experts to be linked to China. "UNC3886 poses a serious threat to us, and has the potential to undermine our national security,' Coordinating Minister for National Security K. Shanmugam said in a speech. "It is going after high value strategic threat targets, vital infrastructure that delivers essential services." He did not give details of the attacks, citing security risks, nor of any consequences. Google-owned cybersecurity firm Mandiant has described UNC3886 as a "China-nexus espionage group" that has attacked defense, technology and telecommunications organizations in the US and Asia. Beijing routinely denies any allegations of cyberespionage, and says it opposes all forms of cyberattacks and is in fact a victim of such threats. The Chinese embassy did not immediately respond to a request for comment sent after office hours. Singapore's critical infrastructure sectors include energy, water, banking, finance, healthcare, transport, government, communication, media, as well as security and emergency services, according to the country's cyber agency. Reuters earlier this week reported that the Taiwanese semiconductor industry and investment analysts had been targeted by Chinese-linked hackers as part of a string of cyber espionage campaigns. —Reuters
The Star
14-07-2025
- Business
- The Star
Bitcoin rally driven more by institutional demand than speculation
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 18, 2021. REUTERS/Edgar Su (Reuters) -As bitcoin hit a record high on Monday, evidence from institutional flows and derivatives suggested its rally might be more stable and lasting than previous speculative runs. Bitcoin crossed $120,000 for the first time on optimism over upcoming U.S. House discussions on digital asset regulation, extending its gains this year to about 30%. The rise has been fuelled by strong flows into bitcoin exchange-traded funds (ETFs) and rising corporate treasury allocations. Analysts said bitcoin's surge is driven this time by institutional flows and reflects its evolution into a more stable asset, sought after as investors seek diversification from market volatility and a wobbly U.S. dollar. Institutional inflows tend to be longer-term and less prone to rapid reversal, lending greater stability and durability to the current rally. Bitcoin ETFs have made a strong start to July, attracting $3.4 billion in inflows so far. That includes a record $2.2 billion over the past two days, the largest two-day net inflow on record, according to data from Farside Investors. At the same time, open interest in bitcoin futures rose to a record $57.4 billion as of Friday, data from CoinDesk shows. Open interest tracks the total value of outstanding futures contracts, and a sustained rise often points to greater institutional involvement, as larger investors tend to hold bigger, longer-term positions and use futures for hedging. Yet, funding rates in the futures market remain subdued. According to CoinDesk, the annualised funding rate stood at 10%, well below the 80% peaks of 2023 and 40% at the end of last year. The funding rate reflects the cost traders pay to keep bullish, leveraged bets open in the futures market. A decline signals they're less willing to pay to stay in those positions — a sign of reduced speculative demand. Glassnode data shows bitcoin's estimated leverage ratio has declined to 0.25, down from 0.32 at the start of 2025. The leverage ratio compares how large traders' futures bets are relative to the amount of bitcoin on exchanges. A lower ratio means those bets are backed by more real capital and less borrowed money. Glassnode data also showed an increase in short liquidations as traders betting against bitcoin bought back the token as prices rose, adding momentum to the rally.
Economic Times
14-07-2025
- Business
- Economic Times
Temasek eyes more Indian family-run businesses after Haldiram's deal
Reuters A Temasek signage is pictured at their annual Temasek Review in Singapore July 11, 2023. REUTERS/Edgar Su Singapore's state investor Temasek is looking to invest more in Indian family-run businesses, a top executive said on Monday, months after it invested $1 billion in a popular domestic snacks company. Family businesses in India, with their multigenerational legacies, strong domestic brands and loyal customers, have become attractive for global investors in recent years. In March, Temasek bought a 10% stake in Haldiram's at a valuation of around $10 billion, with sources describing it as a "prized asset" that will help investors expand its focus on India's consumer sector. "We've been very active in investing behind family-run businesses, we can invest across the value chain," Vishesh Shrivastav, managing director of Temasek's India investment team, said in an interview at its Mumbai office. Temasek has earlier invested in many businesses in India which were once run by business families, such as Manipal Hospitals and Dr Agarwal's Health Care. In a separate factsheet, Temasek said it was "keen to partner more family-owned businesses to drive long-term value creation." It did not name any potential targets. Temasek spent $2 billion in April 2023 to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal ever in India. It later sold a minority stake to Novo Nordisk's parent Novo Holdings and Abu Dhabi's sovereign investor Mubadala, but retained majority control of the hospital chain. Asked about Manipal Hospitals possible public offering, Shrivastav said it was "an eminently listable company," without elaborating. India continues to be Temasek's best-performing market over the last decade, as it remained the world's fastest-growing major economy and the second largest IPO market in 2025. Temasek said it maintained its positive outlook for India and its 2023 goal of investing up to $10 billion in Asia's third-largest economy over a three-year horizon. Temasek invested over $3 billion in India over the past year. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The 10-second mystery: Did the Air India crash report hide more than what it revealed? Can Indian IT's 'pyramid' survive the GenAI shake-up? Zee promoters have a new challenge to navigate. And it's not about funding or Sebi probe. The deluge that's cooling oil prices despite the Iran conflict Stock Radar: Natco Pharma stock showing signs of momentum after falling over 30% from highs – what should investors do? In mid-caps, 'just hold' often creates wealth: 10 mid-cap stocks from different sectors with upside potential up to 44% F&O Talk | Foreign outflows, IT drag pull nifty lower; next support at 24,500: Rahul Ghose How to use dividend yield in volatile times: 6 stocks where this strategy has a high chance of giving much better returns
