DIRS.INFO The most relevant business & tech news

HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.

Persons: David Ma, Ma, FTX, Kane Wu, Fanny Potkin, Sumeet Chatterjee, Christopher Cushing Organizations: Capital, Hong Kong's, Capital Management, Hillhouse, Sea, U.S, Asia's, Thomson Locations: HONG KONG, SINGAPORE, Asia, Japan, Singapore, New York, Sea, India, Europe, Hong Kong

HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea Capital's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.

☆ Comparing an orca's brain to a human's explains why killer whales are the ocean's ultimate apex predator
▼ + stars: | 2023-05-31 | by ( Emily Swaim | ) www.businessinsider.com time to read: +7 min

Orcas also have very wrinkly brains, which enables them to think and process information quickly. Orca and human brains are very similarHuman brains and orca brains have similar regions that make both animals highly sociable, empathetic, and intelligent. Joel W. Rogers/Getty ImagesAn orca's brain is five times larger than a human's, but it has many of the same structures that ours do. In fact, the paralimbic system in orca brains has much more intricate folding and detail than human brains do. Now imagine an orca's brain which is five times larger and has way more wrinkles.

Persons: Orcas, —, They've, Joel W, Lori Marino, Serge Melesan, orcas, Gerard Soury, It's, Marino, South Africa —, Matthew Horwood Organizations: Service, Rogers, The, Sanctuary, Orca Network Locations: South Africa

☆ Ukraine wants to work with Western countries to create another 'sea of NATO' on the border with Russia
▼ + stars: | 2023-05-24 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Doing so would help turn the Black Sea into another "sea of NATO," the foreign minister said. "It's time to turn the Black Sea into what the Baltic Sea has become, a sea of NATO," Dmytro Kuleba said. "The Black Sea can never be a NATO sea," Kremlin spokesman Dmitry Peskov said in response to Kuleba's comments. The Black Sea region is "a strategically important area for Euro-Atlantic security," Geoană said in April. At the conference in April, Romania's foreign minister said a strong NATO presence in the Black Sea was a "must."

☆ This is your daily reminder that orcas are just giant dolphins
▼ + stars: | 2023-05-22 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +2 min

Orcas, aka killer whales, are actually dolphins. Orcas are the largest member of the Delphinidae family, which includes dolphins and other species. Like dolphins, orcas are highly intelligent and social animals as well as the sea's apex predators. Killer whales, aka orcas, are actually dolphins. Put another way, all dolphins are whales but not all whales are dolphins.

☆ Singaporean tech firm Sea's profit miss sparks share selloff
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

May 16 (Reuters) - Singaporean tech firm Sea Ltd (SE.N) missed first-quarter profit estimates on Tuesday, as its digital entertainment revenue halved and it took a one-time charge of more than $100 million. Sea shares dropped 12.5% to $77.05 and headed for their worst day in six months, dulling this year's strong gains booked on a cost-cutting plan involving thousands of job cuts, the closure of some operations and a lower marketing budget. The company's operating expenses fell by more than a fifth in the quarter ended March 31, with marketing spends down 60.2%. It helped Singapore-based Sea report a profit of $87.3 million, compared with a loss of $580.1 million a year ago. It also missed estimates of $3.07 billion.

☆ Chelsea ease Australian fears over Kerr injury
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, May 8 (Reuters) - Chelsea manager Emma Hayes has moved to ease Australian fears over the fitness of Sam Kerr ahead of the Women's World Cup after the Matildas striker was withdrawn after half an hour of the London club's Women's Super League match on Sunday. Kerr is crucial to Australia's hopes of going deep in the tournament, which the country is co-hosting with New Zealand from July 20 to Aug. 20 this year. "Sam was sick last night," Hayes said after the 7-0 win over Everton that moved Chelsea into second place in the league. "She decided to play but her calf was cramping up so we decided to take her out." Kerr, who scored Chelsea's second goal with a header before being withdrawn, had spent Saturday at the coronation of Britain's King Charles III in London, carrying the Australian flag in the procession into Westminster Abbey.

☆ Man City climb four points clear of Arsenal in title race
▼ + stars: | 2023-05-06 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

City's victory, coupled with an Arsenal loss on Sunday to Newcastle United, would all but clinch the Premier League title for the treble-chasers who stretched their winning league run to 10 games. Liverpool notched up a sixth straight Premier League win to maintain their pursuit of a top-four spot. KANE HEADERKane headed Tottenham in front in first-half injury time to move up to second place in the all-time Premier League goalscorers list. The win vaulted Spurs to sixth in the table with 57 points from 35 games, six points behind fourth-placed United, who have played two games fewer. Wolves climbed 10 points clear of the relegation zone with 40 points, while Villa remained in eighth after their second consecutive loss.

☆ Lampard 'not hurting' despite risk of seventh successive defeat
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 5 (Reuters) - Chelsea great Frank Lampard said he was "not hurting" despite a run of six defeats in six games in all competitions since he took over as caretaker manager in April. Lampard told reporters on Friday that he and the players cared but the situation had to be seen in the context of recent decades. It's not going to get us maybe in the top eight or whatever but it'll be like the first small step. "Of course maybe not all fans will want to hear that but it's the reality which I've come back into." They have scored only twice in their last eight matches in all competitions, conceding 14, and a seventh defeat in a row would equal the club record.

The case could have broader implications for assets that do not fit in to existing regulations preventing investment advisers, brokers and others from trading on material nonpublic information, legal experts have said. "You can't hold Nate to a standard that didn't exist," his lawyer Daniel Filor told jurors in his closing argument on Monday. "Nobody told Nate that he couldn't use or share that information." Prosecutor Allison Nichols said Chastain used anonymous OpenSea accounts to make the illegal trades, showing he knew what he was doing was wrong. "He hid what he was doing," Nichols told the jury in her rebuttal argument.

☆ Arsenal return to top of the league with 3-1 win over sorry Chelsea
▼ + stars: | 2023-05-02 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

LONDON, May 2 (Reuters) - Arsenal returned to the top of the Premier League on Tuesday with a 3-1 win over a woeful Chelsea, set on their way by two goals from Martin Odegaard, but the title is still Manchester City's to lose having played two games less than the leaders. After losing to City 4-1 last week, Mikel Arteta made three changes, including giving striker Leandro Trossard a start in the place of Gabriel Martinelli and handing Jakub Kiwior his first league start in midfield. His side dominated their slumping London rivals straight from the kick-off as they sought to shake off last week's potentially title-deciding setback. "Everyone was so hurt after the game (against City)," Odegaard said after taking his league goal tally for the season to 14. ($1 = 0.8024 pounds)Reporting by William Schomberg Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Arsenal return to top of the league with 3-1 win over Chelsea
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 2 (Reuters) - Arsenal returned to the top of the Premier League on Tuesday with a 3-1 win over a woeful Chelsea, set on their way by two goals from Martin Odegaard, but the title is still Manchester City's to lose having played two games less than the leaders. Arsenal raced into a 3-0 halftime lead when captain Odegaard was given acres of space - twice - by Chelsea's flimsy defence to score in the 18th and 31st minutes, and Gabriel Jesus converted from close-range 11 minutes before the break. Arsenal's first win in five games took them to 78 points, two more than second-placed City who have the chance to reclaim top spot when they host West Ham United on Wednesday. Granit Xhaka, who provided assists for both Odegaard's strikes, almost opened the scoring himself in the opening minutes but he was thwarted by Kepa Arrizabalaga who went on to make saves in the second half that prevented an Arsenal rout. Reporting by William Schomberg Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Companies Ozone Networks Inc FollowNEW YORK, May 1 (Reuters) - A former employee of OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), used inside knowledge of which assets would be featured on its homepage to make "free money," a prosecutor said on Monday as an insider trading trial wound to a close. Prosecutors have called it the first criminal insider trading case involving such assets. Prosecutor Thomas Burnett said in his closing argument that Chastain chose which NFTs to feature, and then profited illegally by selling his tokens shortly thereafter. They have said that his actions were not insider trading, and that the information he accessed was not OpenSea's property and had no inherent value to the company. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ Chelsea can learn from Arsenal rebuild, says Lampard
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

On Tuesday, Chelsea face an Arsenal side that finished outside the top four for six straight seasons between 2016-2022, but currently find themselves locked in an intense title race after significant improvement under manager Mikel Arteta. I remember going up against Mikel in that early stage," Lampard told reporters ahead of the trip to the Emirates Stadium. "You can only work to get a level of performance to bring confidence back," Lampard said. "Looking through history, we managed to get it back through hard work. We can only consider the future and work really hard to get the squad where we want it."

☆ Chelsea players baffled by poor form, says Sterling
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +2 min

April 29 (Reuters) - Chelsea's players are struggling to find answers for their poor run of form this season, Raheem Sterling said, but the attacker maintained that the Premier League club can turn around their fortunes under the right manager. There are times when we finish a game you just sit in the changing room looking into space because you can't understand what has just happened," Sterling told The Sun in an interview published on Friday. You are always trying to look for a positive solution. There will be conversations, players trying to come to terms with what has happened in the last ten minutes or so. ($1 = 0.7954 pounds)Reporting by Aadi Nair in Bengaluru Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ House votes to restore solar panel tariffs, Biden vows to veto bill if it passes Senate
▼ + stars: | 2023-04-28 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea's research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles, California. The U.S. House of Representatives on Friday voted to repeal President Joe Biden's suspension of tariffs on solar panels from Cambodia, Malaysia, Thailand and Vietnam, nations that collectively represent a majority of country's supply of panels. The decision comes after the White House last year waived tariffs on solar panel imports from the Southeast Asian nations for two years and invoked the Defense Production Act to bolster domestic solar panel manufacturing. The tariff moratorium was imposed to keep solar panels coming into the country as the U.S. boosts capacity. The House passed the resolution in a 221-202 vote, with 12 Democrats joining most Republicans to vote in favor.

☆ Brentford deepen Chelsea's slump with 2-0 win at Stamford Bridge
▼ + stars: | 2023-04-26 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

The loss left toothless Chelsea 11th in the Premier League table, stumbling towards possibly their worst campaign since the 1993/94 season - when they finished 14th under Glenn Hoddle - despite their new U.S. owners' huge outlay on players. The three points pushed Brentford up a spot to ninth in the league, eight points ahead of their big-spending west London neighbours for whom this season cannot finish quickly enough. Media reports said Chelsea were close to hiring former Tottenham Hotspur manager Mauricio Pochettino as coach from next season. It doesn’t come in football because the Premier League moves so fast, it’s competitive," the former midfielder who is Chelsea's all-time top scorer, said. Brentford coach Thomas Frank was able to celebrate surpassing his side's points tally for all of last season - their first in the Premier League - with Wednesday's win.

It is considered the first criminal insider trading case involving such assets. "He abused that position of trust," prosecutors said in an April 4 filing. He added that if prosecutors mention insider trading, "there is a substantial danger of undue prejudice and confusion of the jury." "Is it insider trading of anything?" "If this case sticks, there is precedent that insider trading theory can be applied to any asset class."

☆ Chelsea: How American billionaire owner blew over $600 million but ended up with nothing this season
▼ + stars: | 2023-04-20 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

CNN —“We’re all in – 100%,” US billionaire businessman Todd Boehly told Chelsea fans upon his arrival at the club in May 2022. Chelsea crashed out of the Champions League after losing to Real Madrid 4-0 on aggregate. Following the loss against Real Madrid, Chelsea captain Thiago Silva spoke candidly to reporters on the issues that come with this kind of spending. Besides Kai Havertz and Marc Cucurella, no Chelsea outfield player has started more than 20 games in the Premier League this season. The Blues are on course to have their lowest scoring season in Premier League history with their current total of 30 goals.

☆ Rodrygo double eases Real Madrid into semi-finals
▼ + stars: | 2023-04-18 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

Real looked capable of killing the tie whenever they moved forward and Rodrygo, who scored a vital goal against Chelsea at the same stage last year, smashed a shot against the post. Home keeper Kepa Arrizabalaga then beat away a Vinicius Junior effort before Real's master craftsman Luka Modric forced another save from Arrizabalaga. "It was a second yellow card, which means a red, which means 30 minutes with us a man up," Lampard said. Real then switched gears and Rodrygo skipped past Chalobah's wild slide on the right and his cross was eventually played back to him by fellow Brazilian Vinicius Jr to calmly slot home. ($1 = 0.8048 pounds)Writing by Martyn Herman in London Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Haaland at it again as Manchester City cut gap to Arsenal
▼ + stars: | 2023-04-15 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, April 15 (Reuters) - Manchester City goal machine Erling Haaland reached yet another milestone in his incredible debut season in the Premier League when his two goals helped his side to beat Leicester City 3-1 and move to within three points of leaders Arsenal on Saturday. With Arsenal in action at West Ham United on Sunday, Manchester City seized their chance to apply more pressure by dismantling 19th-placed Leicester before halftime. City now have 70 points from 30 games with Arsenal on 73. Villa have 50 points, with Tottenham on 53 and fourth-placed Manchester United and Newcastle United both on 56. Newcastle and Manchester United, who face Nottingham Forest on Sunday, have played fewer games than Villa and Tottenham.

☆ Mary Quant, designer who epitomized Swinging 60s, dies at 93
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: +6 min

Mary Quant, the visionary fashion designer whose colorful, sexy miniskirts epitomized Swinging London in the 1960s has died at 93. Mary Quant, the visionary fashion designer whose colorful, sexy miniskirts epitomized Swinging London in the 1960s and influenced youth culture around the world, has died. "She was the right person with the right sensibility in the right place at the right time. Quant was also credited with introducing hot pants and micro-minis to the fashion scene in the late 1960s. Quant stepped down from the day-to-day management of her firm, Mary Quant Ltd., in 2000 after it was purchased by a Japanese company, but kept working as a consultant.

☆ Real Madrid beat 10-man Chelsea 2-0 as Benzema strikes again
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Champions League - Quarter Finals - First Leg - Real Madrid v Chelsea - Santiago Bernabeu, Madrid, Spain - April 12, 2023 Real Madrid's Karim Benzema celebrates scoring their first goal with teammates REUTERS/Albert GeaMADRID, April 12 (Reuters) - European champions Real Madrid beat 10-man Chelsea 2-0 in their Champions League quarter-final, first leg courtesy of a tap-in by Karim Benzema and a powerful strike by substitute Marco Asensio in the Spanish capital on Wednesday. Benzema, the scourge of Chelsea at the same stage of the competition last season, converted from point blank range in the 21st minute when Kepa Arrizabalaga saved from Vinicius Junior but could only touch the ball in the direction of the Frenchman. Chelsea went close to scoring in the first half through Joao Felix and Raheem Sterling but they were thwarted by Madrid goalkeeper Thibaut Courtois playing against his former club. The win at the Santiago Bernabeu stadium puts the 14-time European champions in the driver's seat ahead of the second leg at Chelsea's Stamford Bridge on April 18. Writing by William Schomberg in London Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Man City cruise to win over Saints, Newcastle maintain top-four push
▼ + stars: | 2023-04-08 | by ( Martyn Herman | ) www.reuters.com time to read: +6 min

loadingLeaders Arsenal play Liverpool at Anfield on Sunday where the London side seek a first league win since 2012. Manchester United maintained their top-four pursuit while at the bottom there were vital victories for Bournemouth and West Ham United. Leicester City's plight worsened as the 2015-16 Premier League champions suffered a seventh defeat in eight league games as they lost 1-0 at home to Bournemouth to stay 19th. Newcastle's fifth consecutive win moved them up to 56 points from 29 games -- the same as Manchester United who beat Everton 2-0 in Saturday's early kickoff. SON MILESTONETottenham's Son Heung-min scored his 100th Premier League goal with a sublime 10th-minute curler -- the first Asian player to reach that milestone.

☆ Liverpool call for end to 'vile chants' about Hillsborough disaster
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Soccer Football - Premier League - Chelsea v Liverpool - Stamford Bridge, London, Britain - April 4, 2023 Chelsea's Reece James scores a goal that is later disallowed Action Images via Reuters/Andrew CouldridgeApril 5 (Reuters) - Liverpool have called for an end to "vile chants" about the Hillsborough Stadium disaster after they were heard during Tuesday's goalless Premier League draw with Chelsea at Stamford Bridge. The 1989 FA Cup semi-final was the scene of Britain's worst sporting disaster when 97 Liverpool fans lost their lives after a crush in an over-crowded and fenced-in enclosure. "We know the impact these vile chants have on those who continue to suffer as a result of football tragedies. The Premier League said it condemned the "tragedy chanting" at the match. "We continue to treat this as an unacceptable issue and are seeking to address it as a priority," it added.

Search resuls for: "SEA's"

25 mentions found