Technology
XTransfer gets in-principle approval from MAS for major payment institution licence
CHINESE cross-border trade payment platform XTransfer has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence (MPI).This licence will allow XTransfer to...
Opinion: What’s behind the AI boom? Exploited humans
When tech companies present their products as sleek autonomous computers, that ignores the labor powering the machines.
This country banned TikTok. What became of its influencers?
Is there life after TikTok?The question is front of mind for U.S. influencers and many small businesses as lawmakers threaten to ban the Chinese-owned social media app that’s become...
Regional Japan lender dangles megabank pay for market hires
YAMAGUCHI Financial Group, a regional lender headquartered on the western tip of Japan’s biggest island, is considering paying new hires with securities market expertise around the same compensation as...
China regulator said to ask some banks to dial back bond risk
CHINA’S financial regulator asked some rural lenders to shorten the average duration of their bond holdings, according to sources familiar with the matter, as authorities seek to safeguard the...
Arabica coffee eases near two-year high as roasters flag prices
ARABICA coffee futures cooled after a rapid rally that brought prices to a two-year high as supply concerns mount, threatening to drive up the cost of consumers’ caffeine fix....
Seatrium signs deal to service vessels of Australia’s Teekay Shipping
OFFSHORE and marine specialist Seatrium has secured a favoured customer contract agreement from Teekay Shipping (Australia).Also known as Teekay Australia, the company provides vessel operation services under contracts with...
Citigroup fined US$135.6 million over internal control problems
US BANK regulators fined Citigroup US$136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources...
