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The global cryptocurrency industry is searching for the trader who made massive gains betting against bitcoin and ether, as the sector grapples with the aftermath of a market rout that wiped out US$19 billion last week.While the crash on Friday liquidated more than 1.6 million traders within just 24 hours, some investors had profited handsomely – including one trader who earned nearly US$200 million from short positions on bitcoin and ether, according to blockchain analytics firm Arkham.Speculation on social media has ranged from Barron Trump, the youngest son of the US president, to Chinese cryptocurrency investor Garrett Jin, who served…

The global cryptocurrency industry is searching for the trader who made massive gains betting against bitcoin and ether, as the sector grapples with the aftermath of a market rout that wiped out US$19 billion last week.While the crash on Friday liquidated more than 1.6 million traders within just 24 hours, some investors had profited handsomely – including one trader who earned nearly US$200 million from short positions on bitcoin and ether, according to blockchain analytics firm Arkham.Speculation on social media has ranged from Barron Trump, the youngest son of the US president, to Chinese cryptocurrency investor Garrett Jin, who served…

BRUSSELS (AP) — Belgian police fired tear gas in an attempt to disperse tens of thousands of people who flooded Brussels on Tuesday to protest Prime Minister Bart de Wever’s proposed austerity measures.Minor scuffles broke out between police and protesters, some of whom played drums and horns and set off flares and smoke bombs, while chanting against cuts to social welfare programs. The protest crippled traffic in the heart of the Belgian capital, as well as major roads, choking off transportation hubs.Belgium’s three major trade unions organized the protest and nationwide strikes against cuts to the pension and healthcare systems…

Asian markets have demonstrated resilience in the face of global economic headwinds – including tariffs and geopolitical tensions – due to a combination of strong domestic revenue dominance, robust technology sectors and a more tempered investment sentiment towards US assets, according to JPMorgan Asset Management executives.Executives at the US asset manager’s inaugural Asia media summit in Seoul, South Korea, on Tuesday said that Asian markets still held a rising appeal for investors.China was a case in point, said Anuj Arora, head of emerging markets and Asia-Pacific equities, with nearly 85 per cent of listed companies’ revenues generated domestically and corporates…

Asian markets have demonstrated resilience in the face of global economic headwinds – including tariffs and geopolitical tensions – due to a combination of strong domestic revenue dominance, robust technology sectors and a more tempered investment sentiment towards US assets, according to JPMorgan Asset Management executives.Executives at the US asset manager’s inaugural Asia media summit in Seoul, South Korea, on Tuesday said that Asian markets still held a rising appeal for investors.China was a case in point, said Anuj Arora, head of emerging markets and Asia-Pacific equities, with nearly 85 per cent of listed companies’ revenues generated domestically and corporates…

Malaysian opposition party Bersatu on Tuesday sacked an MP and four local leaders for breaching ethics, as splits emerge inside the Malay-Muslim coalition over their candidate for prime minister in national elections slated to be held by 2028.Rumblings of a leadership tussle have dogged Bersatu for weeks, culminating in a brief stand-off at the party’s annual meeting on September 6, when some members heckled Muhyiddin Yassin while the party president was delivering his opening speech.At that meeting, party members voted to nominate the 78-year-old Muhyiddin as their prime ministerial candidate for the next national polls, which must be held by…

The chairman of Hong Kong-listed women’s apparel retailer Moiselle International Holdings sold a property last week, the latest in a slew of disposals over the past few months amid a gradual improvement in the city’s residential market.A 2,429 sq ft four-bedroom flat in Tregunter Tower in Mid-Levels was handed over on Friday to an entity called New Pacific Investment for HK$81.8 million (US$10.5 million), according to the Land Registry.The seller, Dragon Field, bought the unit in 2011, according to agents. Moiselle’s chairman Chan Yum-kit and his wife Shirley Tsui How-kiu are the directors of Dragon Field, according to the Companies…

In a major boost to Pakistan’s pharmaceutical sector, BF Biosciences Limited has introduced Zeptide (Tirzepatide), an advanced dual-action therapy for Type 2 diabetes and obesity, developed and manufactured at its local facility. The pharma shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. Tirzepatide, approved by the US Food and Drug Administration (FDA), is a synthetic polypeptide that acts as a dual agonist for GLP-1 and GIP receptors, offering a breakthrough approach in managing blood glucose levels and promoting weight reduction, according to a statement. It added that the new Zeptide pre-filled syringe, developed and…

In a testament to the power of partnership, the Johor-Singapore Special Economic Zone (JS-SEZ) has attracted more than S$5.5 billion (US$4.2 billion) in investments from Singapore-based companies since its inception.Gan Kim Yong, the city state’s trade chief, said on Tuesday that the cross-border economic zone – the first of its kind involving Singapore and Malaysia – was a compelling illustration of the achievements that can arise from collaboration in an era of growing protectionism.Companies were increasingly seeking stability, innovation and trust as trade routes were redrawn and technological disruptions escalated, Gan argued – with the JS-SEZ providing an efficient production…

PARIS (AP) — French Prime Minister Sébastien Lecornu on Tuesday announced he would suspend a much-debated plan to raise the retirement age from 62 to 64, in a move aimed at preventing his fragile minority government from being toppled.After a week of political turmoil, the newly reappointed Lecornu said in a policy speech at the National Assembly that the law, a flagship initiative of President Emmanuel Macron, would be put on hold until after the next presidential election in 2027.On Thursday, Lecornu will face two no-confidence motions, one from the hard-left France Unbowed and the other from the far-right National…