Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight.
JAKARTA: SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. A deal would see Singapore-based Grab buy ......
SHANGHAI: The US China trade war is souring the profit and investment outlook for US companies operating in the world's second-biggest economy, a report by a prominent American business association showed on Wednesday (Sep 11). The annual poll by the American Chamber of Commerce in Shanghai found ...
A lower price tag and new features may not be enough for Apple Inc to win customers for its newly-launched iPhone 11 series in China, the world's largest smartphone market that is already crowded with cheaper and feature-packed rival handsets.
SINGAPORE: More than 4,000 new flats were launched for sale on Wednesday (Sep 11), in the first sales exercise where buyers can benefit from higher housing grants and raised income ceilings. A total of 3,373 Build-to-Order (BTO) flats were launched in Punggol and Tampines, while 719 unsold flats ...
TOKYO: Japan said it halted a resupply mission to the International Space Station (ISS) on Wednesday because of a launch pad fire that grounded the rocket. A fire at the base of the of the launch pad Japan's Tanegashima island broke out near a vent designed to carry engine...
SAN FRANCISCO: Discount brokerage company Charles Schwab is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday (Sep 11). "Impacted positions span all staffing grades, as well as organizations and locations across the company," the spokeswoman said in an ...
Bond yields climbed and stock markets held steady on Wednesday, as hopes of easing U.S.-China tensions and diminished risk of a no-deal Brexit prompted traders to take profit before key central bank meetings.
A Mexican sales tax on foreign digital businesses providing audio or visual services could generate tax revenue of about 3.6 billion pesos (US$185 million) a year, a senior lawmaker in Mexico's ruling party said on Tuesday.
International airlines are pinning their hopes on a change of government in Venezuela before some US$4 billion owned to the firms by the state might be repaid, a top executive with the International Air Transport Association (IATA) said on Tuesday.
