Markets

SOME 167 fintech firms and financial institutions have signed up for digitalisation grants, two months after the government rolled out a S$125 million support package for the industry.

US-based global impact investment firm Capria Ventures has invested in Genesis Alternative Ventures Fund 1, a Singapore-based private venture debt fund, as a springboard into South-east Asia (SEA).

Amazon.com Inc said on Wednesday it was implementing a one-year moratorium on the use of its facial recognition software by the police following backlash over the use of racially biased surveillance technology amid ongoing protests in the United States.

Boeing supplier Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing's 737 program.

Nikola Corp , a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to start deliveries of its electric commercial big rigs next year, founder Trevor Milton said on Wednesday.

Ford Motor Co said on Wednesday it will recall 2.15 million U.S. vehicles with potentially faulty door latches.

WASHINGTON, DC: With the economy still reeling from the damage inflicted by the coronavirus pandemic, the Federal Reserve confirmed on Wednesday (Jun 10) it will keep the benchmark interest rate at zero until the recovery is underway. At the conclusion of its two-day meeting, members of the Fed's ......

Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices.

The U.S. federal budget deficit in May nearly doubled to US$399 billion from a year earlier amid continued strong spending on coronavirus relief programs and a 25per cent drop in receipts, the Treasury Department said on Wednesday.

American Airlines Group Inc and Delta Air Lines Inc said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April amid the coronavirus pandemic.