Finance

Singapore’s state investment firm Temasek Holdings said Tuesday the value of its portfolio jumped above 300 billion Singapore dollars for the first time ever. The company said the size of its portfolio grew to 308 billion Singapore dollars ($235 billion) in the year ended March 31, representing a 12 percent increase year-over-year in local currency
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Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace the use of passwords and speed-up the process of making payments online and contactless transactions
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Shares of Chinese smartphone maker Xiaomi stumbled on their debut in Hong Kong on Monday, opening for trade down more than 2 percent and slipping as much as 5.88 percent during the session. That came after a disappointing pricing and a listing delay in mainland China. Xiaomi shares opened down at 16.60 Hong Kong dollars
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Utilities lead sector gains over the past month, up more than 10 percent against the S&P 500’s 0.4 percent decline. The recent rise in stock price for companies like NextEra and Duke Energy has steadily tracked falling interest rates over the same period. The Utilities Select Sector SPDR exchange-traded fund has appreciated 9.7 percent. Alternatively,
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Gemini Trust, the cryptocurrency exchange founded by brothers Tyler and Cameron Winklevoss, named NYSE’s top technology executive to be its first chief technology officer, another sign the wild west digital currency sector is moving more mainstream. Robert Cornish was NYSE’s chief information officer, a role that oversaw the Big Board’s ongoing electronic trading overhaul. He
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian is a buyer of KKR & Co Steve Grasso is a buyer of Alibaba Karen Finerman is a buyer of United Rentals Tim Seymour is a seller of the iShares MSCI Mexico ETF Trader disclosure: On July 5, the following stocks
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Experts believe that, over the years, private sector banks will likely gain more market share from their state-run counterparts because they have stronger balance sheets, they are less exposed to stressed sectors, have stronger governance and are more competitive. “If you take a 10-year view, currently the private sector banks’ market share is 30 percent.
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