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MAS bans ex-BSI banker from financial services over US$5m ‘secret profits’ tied to 1MDB

THE Monetary Authority of Singapore (MAS) has banned Kevin Michael Swampillai, the former head of the wealth management services department of BSI Bank Singapore, permanently from any regulated activity tied to securities dealing and financial advisory.

Markets

US airlines lay out COVID-19 damage and renew calls for aid

American Airlines and Southwest Airlines signaled on Thursday that they would continue to hemorrhage cash into next year as revenues hover around a third of 2019's levels due to a collapse in demand from the coronavirus.

Markets

McAfee shares fall 7% in Nasdaq debut

Shares of McAfee Corp fell 7per cent in their market debut on Thursday, marking a disappointing opening for the cyber security firm after it raised about US$620 million in its initial public offering.

Markets

Singapore fines Goldman Sachs US$122 million over 1MDB scandal

THE Singapore authorities have fined Goldman Sachs Singapore US$122 million over its involvement in the 1MDB scandal.

Markets

Goldman Sachs to pay out US$122m to Singapore authorities over 1MDB scandal

THE Singapore authorities have fined Goldman Sachs Singapore US$122 million over its involvement in the 1MDB scandal.

Markets

US weekly jobless claims fall; many unemployed losing benefits

The number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained very high as the labor market recovery shows signs of strain amid a relentless COVID-19 pandemic and ebbing fiscal stimulus.

Markets

Analysis: Is PayPal’s crypto move a game-changer for bitcoin? Probably not, say experts

PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.

Markets

Is PayPal’s crypto move a game-changer for bitcoin? Probably not, say experts

PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.

Markets

McAfee Corp shares fall 7per cent in Nasdaq debut

Shares of McAfee Corp fell 7per cent in their market debut on Thursday, marking a disappointing opening for the cyber security firm after it raised about US$620 million in its initial public offering.

Markets

South Korean antitrust chief says Google has undermined competition

South Korea's antitrust chief said on Thursday the agency believes U.S. search engine giant Google has undermined competition, adding that the agency plans to present a case to its review committee this year.

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