Markets

THE 21 digital bank applicants in Singapore will update the Monetary Authority of Singapore (MAS) from this month on how their business and finances have been impacted by the global pandemic, The Business Times (BT) understands. 

Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26 per cent in May from the previous month, with strong growth from cities where coronavirus-induced restrictions have been eased.

REUTERS: Playtika Ltd, a mobile gaming company owned by a Chinese investor group, has hired investment banks to prepare for a U.S. initial public offering that could raise around US$1 billion, people familiar with the matter said on Tuesday. Playtika's preparations illustrate how some Chinese ...

Facebook said Tuesday it has suspended accounts associated with white nationalist groups after some advocated bringing weapons to the current wave of anti-racist protests.

REUTERS: Playtika Ltd, a mobile gaming company owned by a Chinese investor group, has hired investment banks to prepare for a U.S. initial public offering that could raise around US$1 billion, people familiar with the matter said on Tuesday. Playtika's preparations illustrate how some Chinese ...

South Korea unveiled on Wednesday (Jun 3) a 35.3 trillion won (US$28.8 billion) supplementary budget, to raise the total stimulus to 270 trillion won for an economy facing its worst growth since the 1998 Asian financial crisis due to the coronavirus pandemic.

Facebook's messaging platform WhatsApp and Paypal said on Wednesday they had invested in Indonesian payments and ride-hailing firm Gojek as part of its ongoing fundraising round.

Asian stocks were poised to follow the global rally on Wednesday as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing U.S. civil unrest.

Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.

The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.