August 4 morning round-up:

1. ESOP fables: A cautionary tale for those joining startups
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2. Encouraging greater activity on private exchanges may help liven up Singapore's capital markets
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3. Singapore banks restore dividends as allowances fall, see improved outlook
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4. StanChart's profit before tax jumps in H1 in post-pandemic recovery; Asia is main driver
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5. HSBC Singapore rolls out global fund transfer feature on mobile app
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6. Alibaba revenue missed estimates, a sign spending has yet to pay off
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