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LONDON: PayPal Holdings Inc's decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
SINGAPORE: Singapore-based Grab, which has evolved from a ride-hailing app operator to a one-stop shop for services such as food delivery and insurance, said on Thursday its third-quarter group revenue had risen to more than 95% of pre-COVID-19 levels.
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has launched Mighty Insights, believed to be the country’s first artificial intelligence (AI)-based digital banking service, to make it simpler and smarter for customers to manage their finances via the bank’s all-in-one mobile banking app, UOB Mighty.
NEW YORK: Wall Street's three major averages closed lower on Wednesday after a volatile trading session, as investors worried whether difficult negotiations in Washington would produce a deal for a fresh U.S. coronavirus stimulus package.
US$3.6bil deal will see group doubling stake in Sun Art Retail
SEOUL Shares in Big Hit Entertainment defied the pre-listing hype to dip on their first day of trade on Thursday, giving the management label of South Korean superstar K-pop group BTS a market valuation of 8.7 trillion won ($7.61 billion).
WASHINGTON: A U.S. appeals court on Wednesday agreed to fast-track a Justice Department appeal of a ruling blocking the government from banning new TikTok downloads from U.S. app stores.
IN South Korea, some of the world’s biggest food delivery firms are scrambling to surf an estimated US$4bil wave of new orders, contracting thousands of new riders in a boom triggered by the scourge of the global economy – the coronavirus pandemic.
SEOUL: Shares of Big Hit Entertainment Co, the company behind South Korean boy band BTS, begin trading this week.
WASHINGTON: Senator Marco Rubio, who has successfully urged the Trump administration to pursue investigations of Chinese companies, called on Friday for the U.S. government to consider options to delay an initial public offering for China's Ant Group, the fintech arm of Chinese e-commerce firm Alibaba.