Markets

SINGAPORE-BASED fintech Validus has attracted over S$50 million from London-based institutional asset manager Fasanara Capital to boost small and medium-sized enterprise (SME) lending for underserved and unbanked SMEs in Singapore.

There has been great disruption to industries, jobs and the way we work during COVID-19, in addition to personal loss but organisations and leaders may not recognise this grief, say two organisational behavioural experts.

UOB will look at assets that Citi is putting up for sale in Asia-Pacific, joining its Singapore peers in hunting down acquisitions for growth.

NAZIR Razak, a veteran Malaysia banker whose career progressed from investment banking to development finance, has called on the industry's senior practitioners to help change global finance and make capitalism more sustainable.

Nasdaq Inc has withdrawn a decision to delist the shares of Luokung Technology Corp, the Chinese mapping technology company said on Thursday, after a U.S. judge suspended an imminent investment ban imposed under the Trump administration.

WASHINGTON: The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the COVID-19 pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spending. Thursday's report from the Labor Department ...

China set an initial quota of 150 billion yuan (US$23.2 billion) for transactions under its Wealth Management Connect scheme that links southern Guangdong province with offshore centres Hong Kong and Macau, according to draft rules published on Thursday.

Wall Street was set for a steady start on Thursday as confidence in the economic recovery offset jitters in American pharmas over rights to their COVID vaccines.

TOKYO: Japanese trading house Marubeni has no plans to book impairment losses on its Myanmar business in this financial year, but is "deeply concerned" over the situation in the country and has halted a feasibility study on power projects, its CEO said on Thursday (May 6). Since the military...

TOKYO: Japan's Nintendo on Thursday (May 6) forecast annual Switch console sales to fall 11.5 per cent, in what would be the first decline for the five-year-old device after riding a pandemic-induced boom in home gaming. The Kyoto-based firm expects to sell 25.5 million units in the business year...