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Singapore's Temasek reports portfolio value drop, positive on China techSingapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.
Source: Reuters - 🏆 2. / 97 Read more »
Singapore’s Temasek has no interest in crypto for now: CNBCTemasek Holdings, Singapore’s state investment fund with a portfolio worth $286 billion, said it will not look at cryptocurrency-related investments in the near term.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Breakingviews - Temasek is betting on all its stars aligningMisery loves company. That’s one consolation Temasek can take from a tricky year. Singapore’s state-owned investor already had to swallow an embarrassing $275 million hit from its investment in now-defunct cryptocurrency exchange FTX, with fellow backers like Sequoia Capital also suffering. Then on Tuesday, the fund revealed that the net value of its portfolio dropped 5.2% to S$382 billion ($285 billion) in the 12 months to the end of March. That did at least beat the 11% drop in MSCI’s Asia ex-Japan Index. But Temasek’s hopes for a more prosperous year or two ahead rely on matters mostly out of its hands.
Source: Reuters - 🏆 2. / 97 Read more »
Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020 – Featured Bitcoin NewsStatistics show over the past 1,075 days, customers have removed 855,621 bitcoin from centralized trading platforms.
Source: BTCTN - 🏆 531. / 51 Read more »