DESPITE the unknown stresses thrown up by the novel coronavirus pandemic, all 21 digital banking contenders in Singapore have stayed the course. The Business Times understands that no names have withdrawn from the race.
DBS Bank has priced floating-rate notes with the Singapore Overnight Rate Average (Sora) as the reference rate for the calculation of interest - said to be an industry first.
EMERGING market central banks are launching asset purchase programmes to help mitigate the economic impact of coronavirus, a fresh test of unconventional policy tools that were only adopted by developed economies a decade ago.
NEW YORK: Wall Street stocks finished a choppy session mostly lower on Wednesday (May 6) as oil prices fell and fresh US labour data showed another spike in joblessness. The Dow Jones Industrial Average ended down 218.45 points (0.91 per cent) at 23,664.64, and the broad-based S&P 500 dropped 20...
REUTERS: The US Department of Commerce is close to signing off on a new rule that would allow US companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said. Engineers in some US technology companies stopped engaging ...
The United States told the World Trade Organization on Wednesday there was "no valid basis" for the European Union to retaliate against U.S. goods since it has fully complied with WTO findings that Washington state's now-repealed tax breaks for Boeing were illegal.
Exercise bike maker Peloton Interactive Inc raised its forecast for full-year revenue on Wednesday, as "stay at home" orders due to the COVID-19 pandemic encouraged more people to sign up for its fitness subscriptions.
REUTERS: Lyft Inc on Wednesday (May 6) surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the US coronavirus lockdown batters the economy. Shares in Lyft rose over 18 per cent in after-hours trading. Shares of larger ...
Payment processor Paypal Holdings Inc reported an 87.4per cent slump in first-quarter profit on Wednesday, as consumers spent less due to the COVID-19 lockdowns and unemployment numbers surged.
Fox Corp beat Wall Street estimates for third-quarter revenue on Wednesday, as the media company benefited from a rise in television viewership with people staying at home due to the coronavirus pandemic.
