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Grab-Singtel consortium to hire 200 people by end-2021 for its digital bank

SINGAPORE: A consortium set up by ride-hailing giant Grab and local telco Singtel plans to hire around 200 people in Singapore by the end of next year to build its digital bank. The consortium was one of two applicants to win a digital full bank licence in Singapore, the...

Markets

Wall Street opens near record highs as grim jobs data fuels stimulus hopes

U.S. stock index futures held near all-time highs on Friday as growing prospects for further economic stimulus and continued optimism over a COVID-19 vaccine-driven economic recovery lifted sentiment.

Markets

Grab-Singtel venture, Jack Ma’s Ant Group, tech firm Sea among those issued digital bank licences in Singapore

SINGAPORE: A joint venture by Singtel and Grab as well as technology firm Sea and Jack Ma's Ant Group are among those that have been selected for the four digital bank licences issued by the Monetary Authority of Singapore (MAS). In an announcement on Friday (Dec 4) evening, the...

Markets

Hyundai recalls 129,000 US vehicles for engine issue

Hyundai Motor Co is recalling 129,000 U.S. vehicles for an engine issue that can increase the risk of a fire, U.S. regulators said Friday.

Markets

Boeing again cutting widebody production rate

Boeing Co is reducing its 787 widebody production to five jets monthly in mid-2021 from six, and delivered zero 787s to customers in November, as longer-haul travel demand remains weakened by the coronavirus pandemic, the U.S. planemaker's Chief Financial Officer said on Friday.

Markets

US job growth slows sharply; long-term unemployment rises

The U.S. economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.

Markets

Welcome to our world: Singapore banks sound battle cry to digital banks

SINGAPORE banks welcomed the four freshly anointed digital banks in Singapore, with a message that they are also ready for the competition.

Markets

Grab-Singtel digital bank to add 200 local staff by end-2021

THE digital full bank set up by the Grab-Singtel consortium will hire around 200 staff in Singapore by the end of next year to build up a robust banking infrastructure.

Markets

After being fined by US, Hyundai recalls more vehicles

Markets

US House Democrats adopt mobile internet voting for leadership contests

U.S. lawmakers used a mobile phone app over the last two weeks to remotely cast votes for the first time, according to technologists and some involved in the process, embracing technology to facilitate an internal party leadership contest.

Markets

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