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Wall St tumbles at open as weak industrials add to dour mood

NEW YORK: Wall Street opened sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia's diplomatic isolation, Italy's finances and trade war fears.

US futures tumble with Dow Jones down 400 points.

US stock index futures tumbled on Tuesday, as concerns over Saudi Arabia’s political situation, Italy’s finances and trade war fears hit risk appetite across the globe.

Temasek's Vertex invests in Binance to expand in Singapore

SINGAPORE: Vertex Ventures, the venture capital arm of Temasek Holdings Pte, said it made an investment in digital asset trading platform operator Binance to develop a fiat-to-cryptocurrency exchange in Singapore.

Vertex Ventures, the venture capital arm of Temasek Holdings Pte, said it made an investment in digital asset trading platform operator Binance to develop a fiat-to-cryptocurrency exchange in Singapore.

Maxis 'reduce', Gabungan AQRS 'buy', Eonmetal 'buy', AMMB 'outperform'

MAXIS’ third quarter of 2018 was largely in line with analysts’ consensus, with a 4% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) quarter-on-quarter (q-o-q) on the back of higher service revenue and lower operating expenditure.

Most cryptocurrency offerings trading below listing price

NEW YORK: Almost a third of all cryptocurrencies that were financed through online fundraisers last year have lost "substantially all value," while the vast majority are trading below their listing price, according to an Ernst & Young report published on Friday.

The EY report comes following a cryptocurrency investing frenzy, during which startups raised hundreds of millions of dollars online, with often little more than a business idea and a handful of employees. The 2017 ICO boom paralleled a spike in the price of bitcoin, which peaked in December at almost $20,000.  Since then, the market has fallen by more than 70 percent.

Treasury Pulse

THE US dollar appreciated by 0.71% to 96.0 largely following Federal Open Market Committee (FOMC) minutes that showed the Fed has turned more assertive on the need for more gradual rate hikes.

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