UOB, a strong player in the small- and medium-sized enterprises space, does not see concentrated risks in its loan book, estimating credit costs for the year at 30-40 basis points.
Reddit recovered from an hour-long outage that affected thousands of users on Wednesday afternoon as volatility returned to stocks including GameStop GME.N> and AMC that were at the center of a slugfest between retail traders and Wall Street.
JPMorgan Chase & Co pledged another US$350 million on Thursday to help grow Black, Latinx and women-owned businesses, part of a broader effort at the bank to help close the U.S. racial wealth gap.
Facebook Inc is exploring potential licensing agreements in the coming year with Canadian media outlets and expanding its investment in local journalism initiatives, a source familiar with the company's thinking said on Wednesday.
Australians will see the prospect of Brisbane hosting the Olympics in 2032 as a symbol of hope as the country emerges from the coronavirus pandemic, Queensland state premier Annastacia Palaszczuk said Thursday.
Bank of America Corp said in a filing on Wednesday that its participation in government stimulus programs like the Paycheck Protection Program (PPP) and processing unemployment insurance has led to operational losses.
Britain's cyber spies at the GCHQ eavesdropping agency say they have fully embraced artificial intelligence (AI) to uncover patterns in vast amounts of global data to counter hostile disinformation and snare child abusers.
The chief executives of major U.S. airlines are set to meet virtually with two key White House advisers on Friday about efforts to reduce carbon emissions and use renewable fuels, five people briefed on the matter told Reuters.
But doing so may require not only self-awareness but also recognition from employers that seniors have strengths they can tap on, says Grant Thornton’s David Sandison.
Recent trends in US consumer spending suggest that the natural forces of pent-up demand may largely be spent, says Stephen S Roach.
