Wells Fargo introduces cardless ATMs across the US in digital push
STARTING on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of US lenders moving away from traditional brick-and-mortar banking.
China tells cornerstone investors in HK to bring money home: sources
CHINA has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters.
UBS set to charge wealthy for keeping euro savings
UBS, the world's biggest wealth manager, will impose a penalty charge on customers who park euros with the bank, making it one of the largest lenders to break what has been a taboo in finance as sub-zero interest rates bite.
UOB gets nod to expand branch network in Vietnam
Lee U-Wen -
UNITED Overseas Bank (UOB) is on track to become the first Singapore bank to set up a network of branches in Vietnam.
PAP Women's Wing, BoardAgender call for mandatory diversity target setting
Stephanie Luo -
THE People's Action Party (PAP) Women's Wing and BoardAgender want diversity target setting and monitoring to be mandatory components of the Singapore Code of Corporate Governance, and not allow companies to explain away non-compliance, Culture, Community and Youth Minister Grace Fu said on Thursday.
S'pore, Vietnam agree to discuss liberalisation of bilateral air links
Lee U-Wen -
THE leaders of Singapore and Vietnam on Thursday agreed that their two countries should explore how to further liberalise their bilateral air services.
Airbus to run parcel-delivery drone trial, and maybe one for flying taxis in S'pore
Soon Weilun -
AVIATION giant Airbus said it will reveal more details "in the coming months" about an unmanned parcel-delivery drone trial in Singapore, one that could be extended to transporting passengers too.
UK police arrest eight following deadly Westminster attack
BRITISH police arrested eight people at six locations in London and Birmingham in the investigation into Wednesday's lone-wolf attack that British Prime Minister Theresa May said was inspired by a warped Islamist ideology. Forty people were injured and 29 remain in hospital, seven in critical condition.
Japan's rising global trade surplus - a blessing but also a bane
Anthony Rowley -
JAPAN'S exports grew by a robust 11.3 per cent in February from the same month last year, pushing the nation's trade surplus to its highest level in seven years at 680 billion yen (S$8.57 billion) as shipments to China surged in the wake of a Chinese New Year slowdown.
Malaysia's central bank sees economy, exports growing faster in 2017
MALAYSIA'S central bank said on Thursday it expects economic growth to pick up in 2017 for the first time in three years, but suggested it was in no rush to roll back measures imposed last year to stabilise the fragile ringgit currency.
Japanese school head repeats claims of donations from Abe
Anthony Rowley -
JAPAN'S Abegate scandal deepened on Thursday as Yasunori Kagoike, operator of an Osaka school involved in a murky purchase of government-owned land, gave sworn testimony in Parliament that he received a financial donation from Prime Minister Shinzo Abe's wife Akie on behalf of the prime minister.
Pro-democracy supporters deem Hong Kong election process a farce
HONG Kong will select a new leader on Sunday in a vote skewed towards Beijing that has once more opened up the city's political divisions.
Coal-mining stocks average 29% return so far this year
Judith Tan -
PURE-PLAY coal-mining stocks on the Singapore Exchange (SGX) have quadrupled in number over three years - from one stock with a market value of S$364 million in March 2014 to four with a combined market capitalisation of S$1.76 billion in March this year.
STI rebounds in cautious trading
R Sivanithy -
THE Straits Times Index (STI), which on Wednesday suffered its largest one-day loss of 2017, on Thursday rebounded 8.74 points to 3,126.93 in cautious trading as investors waited for a key vote in the United States that would provide an indication of whether the Trump administration can deliver on its expansionary goals.
Indonesia wants control of Freeport's Grasberg within two years
THE dispute engulfing the world's second-biggest copper mine deepened as Indonesia's government said it planned to take a majority stake in the local unit of owner Freeport-McMoRan Inc within two years while workers at the pit threatened to go on strike.
Urenco outlines plans to make miniature nuclear reactors
URENCO Ltd, the world's second-biggest maker of atomic fuel, is advancing its attempt to supply radically smaller nuclear reactors in order to boost demand for its services.
Oil majors moving into offshore wind farm industry
BIG Oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea.
Alibaba seeks Asean treasure in Lazada tie-up
Jamie Lee -
CHINESE e-commerce and e-payments giant Alibaba Group made clear this week its interest in expanding into the Asean consumer market.
Amazon's Alexa takes fight with Siri to Marriott hotel rooms
AMAZON.COM Inc's battle with Apple Inc over digital assistants is moving to a new venue: hotel rooms, where Alexa and Siri are both vying to be the voice-controlled platform of choice for travellers.
Google ad crisis spreads as the biggest spenders zip up wallets
GOOGLE'S advertising crisis went global after some of the biggest marketers including AT&T Inc and Johnson & Johnson halted spending on YouTube and the Internet company's display network, citing concern their advertisements would run alongside offensive videos.
Work hard, play harder with BT Weekend
TOMORROW, set sail for Fiji as The Business Times' Weekend magazine shows you the warmth and resilience of this Pacific archipelago's inhabitants.
Viz Branz said to be postponing IPO indefinitely
Lee Meixian -
VIZ Branz is postponing its initial public offering (IPO) indefinitely because of jitters from its executive director and chief executive officer Ben Chng that the stock may not perform well after the listing.
New vaccine could slow child-killer disease
A NEW vaccine against a diarrhoeal disease that kills about 600 children a day worked well in a large trial in Africa and appears to be a practical way to protect millions of children, scientists said on Wednesday.
Why Montblanc's new smartwatch matters
Chris Rovzar -
LAST week, Montblanc became the first brand in the Richemont family of luxury companies to put out a smartwatch. The Montblanc Summit, based on Google's Android Wear 2 platform, aims to compete with, among others, the Apple Watch and rival Swiss brand TAG Heuer's Connected Watch (which was released last year and will get an upgrade likely to be announced this week).
2 pharma firms to mine gene data from 500,000 Britons
BRITAIN'S GlaxoSmithKline and US-based Regeneron Pharmaceuticals are embarking on a joint project with UK Biobank, the world's most detailed biomedical database, to hunt for new clues linking genes and disease.
Singapore's February headline inflation recorded its third consecutive month of increase and the fastest in 30 months. The February reading was 0.7 per
cent, marginally higher than January's 0.6 per cent year on year, as expected.
China-led AIIB set to add 13 new members
Hoe Pei Shan -
THE Asian Infrastructure Investment Bank (AIIB) on Thursday announced approval of 13 new prospective members, the first time the Beijing-led bank has welcomed additions since its 2015 inception and a signal that China is growing its role in international development.
PSA Int'l 2016 net profit falls 7.5%; revenue up 3%
Tan Hwee Hwee -
PSA International posted a 7.5 per cent decline in full-year net profit to S$1.17 billion, partly due to higher depreciation.
SGX, stockbroking body set out guidelines on TR advice
R Sivanithy -
THE Singapore Exchange (SGX) and the Securities Association of Singapore (SAS) on Thursday sent brokers a Guidance Note which outlined the type of investment advice that trading representatives (TRs) are allowed to offer their clients, thus clarifying a grey area that has existed ever since the rules were tightened in the wake of 2008's US subprime crisis.
SID launches last set of CG Guides series
THE Singapore Institute of Directors (SID) has unveiled the last set of its Corporate Governance Guides (CG Guides) as well as a brand new eGuide.
Healthway Medical opts for Gateway's revised notes deal
Chai Hung Yin -
FOLLOWING extensive discussions, Healthway Medical Corporation (HMC) has picked private-equity fund Gateway Partners' revised deal over a loan offer by Lippo Group's entity to solve its cash crisis.
U.S. markets on hold after delay in healthcare bill
Today - Wall Street stocks edged lower on Thursday after lawmakers postponed a vote on a healthcare bill seen as President Donald Trump's first policy test.
The Dow Jones Industrial Average fell 4.72 points, or 0.02 percent, to 20,656.58,...
SEC charges two Israeli residents with Mobileye insider trading
Today - NEW YORK - Two Israeli residents have been charged by the U.S. Securities and Exchange Commission with insider trading in Mobileye NV before the maker of sensors and cameras for driverless vehicles agreed to be acquired by Intel Corp for $15.3 billion.
Disney board extends CEO Iger's contract by one year
Walt Disney Co's board extended the term of Chairman and Chief Executive Officer Bob Iger by one year as it continues searching for a successor to a long-serving leader who is popular on Wall Street, the company said on Thursday.
Wall Street down; lawmakers delay vote on Trump healthcare bill
Wall Street declined on Thursday after lawmakers delayed a vote on a healthcare bill seen as President Donald Trump's first policy test.
US stocks dip as Trump health vote delayed
US stocks dipped on Thursday as the House of Representatives delayed a vote on a healthcare replacement bill seen as a barometer of congressional support for President Donald Trump's agenda.