Markets

IN DECIDING whether to issue virtual bank licences to fintech firms, the Monetary Authority of Singapore (MAS) is reviewing how "unique" such offerings might be, and how potential risks will be managed and contained.

REUTERS: Lyft Inc on Tuesday forecast growth would slow after nearly doubling in the first quarter, sending shares of the ride services company lower, just days ahead of rival Uber's IPO. Lyft posted a US$1.1 billion loss in its first quarter, hit by stock-based compensation charges due to its ...

Match Group beat quarterly revenue estimates on Tuesday, as it added more subscribers to its popular dating app, Tinder.

Months of calm in U.S. stocks gave way to a surge in activity in the options market on Tuesday as investors spooked by escalating trade tensions between the United States and China boosted Wall Street's so-called fear gauge to the highest level in three months.

Facebook Chief Operating Officer Sheryl Sandberg is meeting with U.S. lawmakers on Capitol Hill on Tuesday ahead of an expected settlement with the Federal Trade Commission (FTC), a spokesman for Senator Jerry Moran said.

NEW YORK: Losses on Wall Street deepened on Tuesday (May 7) afternoon as the latest trade dust-up between Beijing and Washington raised fears about the prospects for agreement after months of conflict. Near 1740 GMT, the Dow Jones Industrial Average was at 25,901.59, down more than 530 points, or ......

MEXICO CITY: The United States imposed tariffs on Mexican tomatoes on Tuesday (May 7), adding to tensions between the two neighbours just as the debate deepens over their new but not yet ratified trade deal with Canada. The 17.5 per cent tariffs came into effect after the countries failed...

PARIS: Global equity investors ran for cover on Tuesday (May 7) as it dawned on markets that US President Donald Trump's trade war threat against China could be deadly serious. Indices had already slumped on Monday, with Shanghai suffering its heaviest loss in three years, after Trump threatened ...

Johnson & Johnson agreed to pay about US$1 billion to resolve the bulk of lawsuits claiming the company sold defective metal-on-metal hip implants that ultimately had to be removed, Bloomberg reported on Tuesday, citing people with knowledge of the matter.

Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple's machine-learning technology.