Markets

The S&P 500 and the Dow Jones Industrial Average slipped on Tuesday, led by losses in oil and healthcare stocks, with investors nervously awaiting the latest in the U.S.-Iran standoff.

WITH bond yields depressed and a moderate earnings recovery expected in 2020, BNP Paribas is advising conservative investors, who tend to allocate a bigger proportion of their portfolio to fixed income than equities, to accumulate "dividend aristocrats".

STANDARD Chartered has launched a publicly accessible portal which allows cross-border payments to be tracked real-time, like parcel deliveries are tracked.

THE influx of Chinese players coming in to compete in the wholesale banking space is no surprise, given China's headstart in the digital banking scene, and the fact that many of them are looking beyond their slowing home market to growth regions such as Asean, say industry...

A TOTAL of 21 digital bank applications - 14 for wholesale licences and seven for full bank licences - were submitted to the Monetary Authority of Singapore (MAS), the regulator said on Tuesday.

CONSUMER Internet company Sea, formerly known as Garena, is the first to officially announce its solo bid for the digital full bank licence in Singapore, even as the New York-listed entity remains loss making.

SLOW payments among Singapore firms increased for the third consecutive quarter, led by the retail and services sectors, according to a report by the Singapore Commercial Credit Bureau (SCCB) on Tuesday.

THE buzz behind digital banking in Singapore speaks to the belief that small-and-medium-sized enterprises (SMEs) here and in the region can be better served by technology and the use of alternative data to back smaller forms of unsecured lending that has been largely shunned by the incumbent...

Travelex said on Tuesday a ransomware attack led to its systems being taken offline last week and the foreign exchange company does not expect any material financial impact for its United Arab Emirates-based parent company Finablr Plc .

SEATTLE: Starbucks Corp on Tuesday (Jan 7) added an oat milk beverage to its menu, as the coffee chain taps into the growing demand for vegan alternatives to dairy. The new beverage is available at 1,300 locations in the US Midwest, the Seattle-based company said. It also launched new beverages...