Technology
MAS, Mastercard ink MOU to strengthen cyber resilience in financial services sector
THE Monetary Authority of Singapore (MAS) and Mastercard on Tuesday (Apr 9) signed a memorandum of understanding (MOU) to enhance cooperation in cybersecurity, specifically with the aim of strengthening...
Hong Kong considering ‘deepening’ some connect schemes with China: HKMA CEO
HONG Kong Monetary Authority (HKMA) is considering deepening some investment connection schemes between the city and mainland China, CEO Eddie Yue said on Tuesday (Apr 9).
Yue told the HSBC...
BOJ’s Ueda signals scope to reduce monetary stimulus
BANK of Japan Governor Kazuo Ueda said the central bank must consider whittling down stimulus further if inflation continues to accelerate, signalling the chance of another interest rate hike...
France’s Atos plunges as refinancing plan fails to reassure
ATOS shares fell 14 per cent on Tuesday (Apr 9) as the French IT consulting firm said its refinancing plan, which includes raising 1.2 billion euros (S$1.8 billion) via...
HSBC sells Argentina division for US$550 million
GLOBAL bank HSBC has agreed to sell its Argentina division to financial services company Grupo Financiero Galicia for US$550 million as it focuses on core Asia operations, it said...
Tesla’s Musk predicts AI will be smarter than the smartest human next year
TESLA CEO Elon Musk on Monday (Apr 8) predicted the development of artificial intelligence (AI) that was smarter than the smartest human probably by next year, or by 2026.In...
Singapore court’s verdict was wrong; Credit Suisse unit did ‘incompetent best’ for client: lawyer
A LAWYER for a Credit Suisse trust seeking to overturn the US$743 million in damages the bank owes to Georgian billionaire Bidzina Ivanishvili said the staff responsible did their...
Seatrium, GSH and Global Invacom report 3 straight years of losses
A TRIO of mainboard-listed companies – Seatrium, property developer GSH Corporation and satellite-communications equipment provider Global Invacom – on Tuesday (Apr 9) filed notices of three consecutive years of...