Business and technology quick bites

Updated version at 1.49 pm

The highlighted words in red are links to the news article.

March 26, 2021,

Business News

1. OANDA: Biden allows cyclical rotation trade to return, weak 7-year auction, Pessimism grows on Suez Canal blockage, Gold down but not out.
2. Singapore’s Temasek Holdings believes that impact investing has reached an inflection point, with the coronavirus pandemic highlighting deep social imbalances that have intensified the need for such forms of investments.
3. Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital.
4. Shares of Bain Capital-owned Diversey Holdings Ltd fell more than 10% in their stock market debut on Thursday, fetching a valuation of US$4.1 billion for the provider of cleaning and hygiene products.
5. Moody’s Investors Service has revised Malaysia’s banking system outlook to stable from negative to reflect an improving operating environment.
6. Dutch firm Philips announced today the sale of its home appliances business to Asian investment firm Hillhouse Capital for €3.7 billion, as the former electronics giant focuses on healthcare.
7. The meal delivery platform Deliveroo is bracing for strikes and other social actions by disgruntled riders as it gears up for a major London stock listing.

Technology

1. The tripartite memorandum of agreement (MOA) will allow NanoMalaysia to initiate technology transfer activities through 10000StartupsIndia to enable Indian startups in sectors, including clean energy, textile, urban farming, healthcare and social enterprise, to adopt and deploy nanotechnology in their product offerings.
2. Singapore trade finance startup dltledgers announced a US$7 million Series A raise and simultaneously said it’s switching enterprise blockchain technologies from Hyperledger Fabric to R3’s Corda.
3. Singapore-based Kelley Aerospace unveiled the Arrow, a combat drone concept made of carbon fibre that it said will fly at speeds of up to Mach 2.1, or 2,572km/h.