Markets

The global economy is set to grow by 4.7 per cent this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference on Trade and Development (UNCTAD) said on Thursday, revising up its previous forecast of 4.3 per cent.

The global economy is set to grow by 4.7per cent this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference on Trade and Development (UNCTAD) said on Thursday, revising up its previous forecast of 4.3per cent.

China’s cyberspace administrator said in a statement on Thursday that it and the public security ministry met with the companies to talk about "security assessments" and potential problems with deepfakes and audio social apps. Kuaishou Technology and Xiaomi Corp also attended the meeting, it said.

Nikola Corp said on Wednesday that South Korea's Hanwha Corp has decided to sell up to half of its stake this year, setting out to reduce its bets on the prospects of the electric-truck maker.7

TEMASEK-BACKED ABC World Asia, a Singapore-based private equity (PE) fund focused on impact investing in Asia, on Thursday said it deployed S$98 million to five companies in 2020, after evaluating over 200 opportunities.

Markets may be less fearful of a “taper tantrum” after the Federal Reserve's latest meeting, but the prospect of higher yields and a steeper yield curve is likely to remain a major focus for investors.

SINGAPORE: Forgot to bring your OCBC ATM card? You will soon be able to check your bank account balances or withdraw cash by scanning your face at the bank’s ATMs. In an announcement on Thursday (Mar 18), OCBC said it will be enabling face verification for bank transactions at its ATMs....

SCAMS have extended beyond impersonating banks to fintechs, with such cases on the rise amid a global pandemic.

SCAMS have extended beyond impersonating banks to fintechs, with such cases on the rise amid a global pandemic.

PANDEMIC restrictions helped the general insurance sector to achieve underwriting profits in several segments of business in 2020, as claims in segments like travel and motor dropped.