Michael Wong

Exor Rejects Tether Offer to Buy Juventus Controlling Stake

Exor, the investment company controlled by Italy’s Agnelli family, said on Saturday its board had unanimously rejected an unsolicited approach from cryptocurrency group Tether to buy Exor’s stake in Juventus, keeping the Turin club under its long-time owners. Exor said it had received a proposal… Read More

Malaysia To Step Up Push Into Europe, Latin America and Africa To Boost Trade

Malaysia will intensify efforts to enter new markets in Europe, Latin America and Africa to boost trade and strengthen its position as a competitive trading nation, Prime Minister Anwar Ibrahim said on Sunday, according to state news agency Bernama. Speaking at the closing ceremony of… Read More

Kuwait Bourse Partners INJAZ to Boost Student Financial Literacy

Boursa Kuwait has signed a partnership with INJAZ Kuwait, a youth-focused non-profit, to support financial literacy and entrepreneurship programmes expected to reach more than 800 students in the first half of 2026, the exchange and INJAZ said. The collaboration will fund a set of classroom-style… Read More

Philippine Regulator Drafts Sukuk Framework to Deepen Islamic Capital Market

The Philippine Securities and Exchange Commission has sought public comment on proposed rules that would set a regulatory framework for sukuk, as Manila tries to broaden funding options and deepen its capital markets through Islamic finance. In a draft memorandum circular issued on Nov. 26,… Read More

Pakistan Signals Tighter Crypto Oversight After Talks with Binance

Pakistan said it is pressing ahead with plans to regulate digital assets after senior officials met a delegation from cryptocurrency exchange Binance led by global CEO Richard Teng, as the South Asian nation tries to bring oversight to one of the world’s most active retail… Read More

Turkmenistan Legalises Crypto Mining, Sets Licensing for Exchanges Under New Law

Turkmenistan has passed a law legalising and regulating digital assets, including licensing for cryptocurrency exchanges and crypto mining companies, a rare policy opening in one of the world’s most closed economies. The state media said President Serdar Berdymukhamedov signed the “Law on Virtual Assets” on… Read More

Hong Kong Banks Introduces Additional Emergeny Measures for Tai Po Fire Victims

Hong Kong’s banking industry will roll out additional relief steps for residents and workers affected by the Tai Po fire, including emergency loan offers, fee waivers tied to a government support fund and fast-tracked handling of bank accounts belonging to people who died in the… Read More

Singapore’s Embed Financial To Go Public Via WinVest SPAC Deal, Valued at $425m

Embed Financial Group Cayman Holdings (EFGH), a Singapore-headquartered provider of digital infrastructure for embedded financial services in emerging markets, has agreed to go public in the US through a merger with WinVest Acquisition Corp, a special purpose acquisition company. EFGH said the agreement implies a… Read More

Emirates Gold, Public Gold Launch UAE Bullion-Dispensing ‘Gold ATM’

Emirates Gold and Malaysia’s Public Gold have installed a bullion vending machine in Dubai that the companies say is the first in the UAE to combine a Fintech account platform with automated dispensing of physical gold and silver. The firms unveiled the “Gold ATM” on… Read More

France’s Cegid Strikes Deal for Shine to Build SMB ‘Finance Hub’

French business software provider Cegid has agreed to buy European Fintech Shine, as the accounting and payroll specialist pushes deeper into payments and prepares for a wave of mandatory e-invoicing reforms across the region. The companies said they had signed a definitive agreement to combine,… Read More

Beyon Solutions, Bahrain Fintech Bay Team Up on Financial Digitisation

Beyon Solutions, part of Bahrain’s Beyon Group, has signed a memorandum of understanding with Bahrain Fintech Bay to collaborate on cloud adoption and wider digital transformation in the kingdom’s financial services sector, the organisations said. The agreement is aimed at giving fintech startups, scale-ups, and… Read More

Coupang Says Breach Exposed Data of 33.7 Million Customers

Coupang, South Korea’s biggest online retailer, apologised on Sunday after a breach exposed personal information from 33.7 million customer accounts, prompting government scrutiny and warnings of follow-on scams. The US-listed company said the leak involved customers’ names, email addresses, phone numbers, shipping addresses and some… Read More

Robinhood CEO-Backed Harmonic Becomes Unicorn on Series C

Harmonic, a Palo Alto-based artificial intelligence startup backed by Robinhood CEO Vlad Tenev, said it raised $120 million in a Series C funding round that values the company at $1.45 billion post-money. The round was led by Ribbit Capital, with significant participation from Sequoia Capital,… Read More

HKMA, Banks Roll Out Emergency Relief for Tai Po Fire Residents

Hong Kong’s banking industry has rolled out a package of emergency relief measures for residents affected by a No. 5 alarm fire in Tai Po, including a six-month repayment grace period on mortgages and other consumer loans, the Hong Kong Monetary Authority (HKMA) said. The… Read More

Grab, StraitsX to Explore Web3 Wallet and Stablecoin Settlement for Asian Payments

Grab Holdings and Singapore-based stablecoin issuer StraitsX have signed a memorandum of understanding to explore building Web3-linked wallets and a stablecoin settlement network, the companies said. The partnership could let Grab users pay merchants across Asian markets using regulated digital tokens, per the announcement. Under… Read More

Robotics Software Startup Flexion Raises $50m Series A to Power Humanoid Autonomy

Zurich-based robotics software startup Flexion has raised $50 million in Series A funding to develop what it calls an “intelligence stack” for humanoid robots, betting that advances in generative AI can finally push machines beyond tightly scripted tasks. The round was led by DST Global… Read More

Philippines to Tighten Monitoring of Corporate-Financial Links

Philippine financial regulators will begin a comprehensive mapping of corporate linkages across the economy next year, as regulators watch property prices and credit growth, the Financial Stability Coordination Council (FSCC) said. The inter-agency body, chaired by central bank governor Eli Remolona, made the project a… Read More

SGX, Nasdaq Set Dual-Listing Bridge to Court Asian Growth Firms

SGX Group and Nasdaq have agreed to build a cross-border “Global Listing Board” that would let large companies list in Singapore and the United States using a more unified process, as the city-state tries to revive a stock market that has struggled to attract high-growth… Read More

AI Startup Genspark Valued at $1.25bn in Oversubscribed Series B

Agentic AI startup Genspark has raised $275 million in an oversubscribed Series B round that values the company at $1.25 billion post-money, as investors bet businesses will adopt software that completes work autonomously rather than only chatting with users. The financing was led by Emergence… Read More

Trinidad and Tobago Passes Crypto Bill Ahead of FATF Review

Trinidad and Tobago’s parliament passed legislation to regulate cryptocurrencies and the firms that provide related services, according to local reports. The vote, however, came after a chaotic debate in which opposition lawmakers said they were forced to argue over a bill that had been effectively… Read More

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