SINGAPORE – Digital banks will transform Singapore’s financial landscape and benefit all stakeholders, experts said yesterday (Dec 4). They will accelerate the city state’s advance towards its ambition of becoming a smart nation and be of help to everyone from…
Read MoreWall St. opens near record highs as grim jobs data fuels stimulus hopes
FILE PHOTO: A man walks outside the New York Stock Exchange (NYSE) in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid(Reuters) – Wall Street’s main indexes opened near all-time highs on Friday as worse-than-expected jobs growth in November spurred bets…
Read MoreDollar set for worst week in a month; euro rides high
LONDON (Reuters) – The dollar was headed for its worst week in a month on Friday while the euro gained, as investors bet the U.S. currency has further to fall and that the worst of the COVID-19 pandemic may be…
Read MoreDollar hits two-and-a-half-year low on risk-on trades, shares buoyant
LONDON (Reuters) – Growing prospects for a U.S. economic stimulus package and the roll-out of COVID-19 vaccines boosted demand for riskier assets on Friday, taking the safe-haven dollar to a 2-1/2-year low versus the euro and world shares towards record…
Read MoreSingapore digital banks: What you need to know
SINGAPORE – The winners of Singapore’s first-ever digital bank licences were revealed on Friday (Dec 4). This means that for the first time here, non-banks will be allowed to provide banking services. The eagerly awaited announcement, expected in June, was…
Read MoreAlitalia to run COVID-tested flights from Rome to New York from Dec. 8
FILE PHOTO: An Alitalia Airbus A319 comes in to land at Rome Fiumicino Airport, as the spread of the coronavirus disease (COVID-19) continues, Rome, Italy, April 24, 2020. REUTERS/Alberto Lingria/File PhotoMILAN (Reuters) – Alitalia will offer COVID-tested flights from Rome…
Read MoreSabadell eyes more job cuts, alliances after BBVA deal collapses
MADRID/LONDON (Reuters) – Sabadell is considering more job cuts and striking product distribution alliances with other European banks after merger talks with rival BBVA fell through last week, according to four sources with knowledge of the matter.FILE PHOTO: Sabadell bank’s…
Read MoreCOVID-19: Primark reveals £430m lockdown sales hit as it refuses to go online
Primark’s owner says autumn COVID-19 lockdowns have resulted in an estimated £430m hit to sales – but insists the fashion chain remains on track to deliver improved profits. Associated British Foods (ABF) said in an update ahead of its AGM…
Read MorePorts of Auckland fined $540,000 after worker’s death in crane accident
Ports of Auckland has been fined $540,000 after a “systemic failure” to maintain and monitor a culture of compliance, which included operating a bonus scheme to reward workers for productivity at the expense of safety. The Auckland Council-owned organisation was…
Read MoreInforma Markets Fashion Sets Agenda for 2021, a Mix of Digital and Live Events
Informa Markets Fashion, organizer of such fashion trade events as MAGIC, Coterie, Project, MICAM Americas and Sourcing at MAGIC has revealed its event schedule for 2021. Informa Markets Fashion will return in January with a second edition of digital marketplace…
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