Markets

CITIBANK Singapore will shut its 15-year old MacDonald House branch on Feb 28, with plans to open a new retail banking branch as part of its network rejig.

BANKING veteran Dennis Tan has been appointed CEO of Prudential Singapore, with the 51-year-old expanding the club of Singaporeans who now lead major financial institutions.

FACED with Singapore's growing expenditures in healthcare, security and other forms of social spending, the government had announced during Budget 2018 that it plans to raise the Goods and Services Tax (GST) by two percentage points from 7 per cent to 9 per cent, sometime between 2021...

THE Yangon branches of OCBC Bank and United Overseas Bank (UOB) have extended a US$44 million green loan to Myanmar's Shwe Taung Group.

PALO ALTO, Calif.: The Federal Reserve is looking at a broad range of issues around regulations and protections for digital payments and currencies, including the costs and potential benefits of issuing its own digital currency, Governor Lael Brainard said on Wednesday. "By transforming payments ...

Qualcomm Inc forecast second-quarter revenue largely above Wall Street estimates on Wednesday, in the latest sign that a protracted slowdown in chip industry has bottomed out.

Mobile game developer Zynga Inc topped Wall Street estimates for quarterly bookings on Wednesday, riding on the success of its new titles "Merge Magic!" and "Game of Thrones Slots Casino".

Uber Technologies Inc has been allowed to restart testing its self-driving vehicles with a backup driver in California, almost two years after its autonomous car killed a pedestrian in Arizona.

Texas Attorney General Ken Paxton, who is leading a multistate investigation into Alphabet Inc's Google unit, said on Wednesday he has not taken any possible punishment off the table, including breaking up the search and advertising giant.

Shares of Tesla tumbled 19per cent on Wednesday, hitting the brakes on a dramatic rally after a senior executive warned the coronavirus outbreak in China would delay deliveries of Model 3 cars made at its Shanghai plant.