Markets

Asian shares rebounded on Tuesday as a day passed without a new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.

THE consortium comprising AMTD Group, SP Group, Xiaomi Finance and Funding Societies, on Tuesday announced that it has applied for a digital wholesale banking licence in Singapore.

A TOTAL of 21 digital bank applications were received by the Monetary Authority of Singapore (MAS), the regulator said on Tuesday.

Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43per cent after fees in 2019, its first year in business.

NEW YORK: American Airlines on Monday (Jan 6) became the latest carrier to reach an agreement with Boeing on compensation to cover the financial losses connected to the 737 MAX grounding, which caused thousands of flights to be cancelled. American described the deal as a "confidential agreement" ...

U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Monday, joining the race for flying cars to ease urban congestion.

HONG Kong financial services group AMTD Group has linked up with some prominent Singapore names as well as a familiar partner - Chinese tech giant Xiaomi Corp - to vie for a digital wholesale bank licence in Singapore, BT understands.

THE Singapore Business Federation (SBF) announced over the weekend that it will be making the leap into digital banking - an unusually bold move for a chamber known for its conservative approach to championing the interests of the business community.

PRUDENTIAL Vietnam Assurance, a subsidiary of mainboard-listed Prudential plc, will be offering its life insurance products to Southeast Asia Commercial Joint Stock Bank (SeABank) customers.

HONG Kong Exchanges and Clearing Ltd (HKEX) aims to boost its market connectivity and embrace technology to ensure Hong Kong's relevance as a connector between East and West.