Updated version at 8.15 am
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April 12, 2021,
- Asian stocks look poised for a steady start Monday after a third straight weekly Wall Street advance, with Federal Reserve Chair Jerome Powell flagging the prospect of stronger growth and hiring. The dollar was steady.
- The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Federal Reserve Chair Jerome Powell said in a new interview.
- The Ministry of Finance (MoF) clarifies that MKD Signature Sdn Bhd (MSSB), a company owned by Minister of Finance remains as the major shareholder of TRX Exchange 106, dismissing a media report claiming MSSB had sold its shares.
- Hedge funds look steadfastly bullish on the Australian dollar despite its decline against the greenback in March.
- Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan ($2.75 billion) antitrust fine on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
- Microsoft in advanced talks to acquire speech-recognition company Nuance Communications. The plans illustrate Microsoft’s recent efforts to expand through deals. Microsoft considered buying the U.S. operations of video-sharing app TikTok last year, and last month it completed the $7.5 billion acquisition of video game maker Zenimax.
- Traveloka, the Indonesian travel unicorn, is in advanced talks to go public through a merger with Bridgetown Holdings, the special purpose acquisition company (SPAC) backed by Peter Thiel.
- WhiteCoat, a Singapore-based digital healthcare platform, announced today that it raised close to US$8 million in a Series A round of financing, led by GEC-KIP Technology and Innovation Fund.
- Blockchain ride-hailing startup lands US$15 million in a Series B funding round led by Korean automotive parts manufacturer CENTRAL to launch EV tuk-tuk.