Month: October 2020

APAC nations easing travel bans despite obstacles

spike 3 months ago

Most countries in Asia are trending towards easing restrictions, though sometimes unilaterally. Stringent testing, quarantine and insurance requirements are discouraging people from travelling, which means the rollback of restrictions would be of little help to the airline and tourism industries.

Earlier this week, Singapore and Indonesia agreed to allow essential business and official travel, provided travellers submit paperwork and take COVID-19 swab tests both before and after travel.

Singapore also has similar agreements with China, Japan, Malaysia, and South Korea, and is also unilaterally accepting visitors from New Zealand, Vietnam, Brunei, and most of Australia. However, earlier this month, Singapore

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Stock futures flat as investors await earnings season kickoff

spike 3 months ago

People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City.

Spencer Platt | Getty Images

U.S. stock futures were flat in overnight trading on Tuesday as investors awaited the first batch of corporate earnings and updates on a stimulus package.

Dow futures rose 10 points. S&P 500 futures and Nasdaq 100 futures gained 0.04% and 0.1%, respectively.

Futures got a lift as Disney rallied more than 5% in after hours trading after announcing a major company reorganization with streaming at the forefront of its business. Disney said it centralizing its

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Disney, Twilio, Ethan Allen and more

spike 3 months ago

Attendees visit the Disney+ streaming service booth at the D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California.

ROBYN BECK | AFP | Getty Images

Check out the companies making headlines after the bell:

Disney — Shares of the media giant rallied more than 4% in after hours trading on Monday after announcing a major company reorganization putting streaming at the forefront of business. Disney said it will be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+.

Ethan Allen — Shares of the

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European fintech giant Revolut is close to applying for a bank charter in California

spike 3 months ago

Nikolay Storonsky is the founder and CEO of fintech start-up, Revolut.

Revolut, the biggest European digital bank with 13 million users, is close to applying for a banking license in the U.S., CNBC has learned exclusively.

The London-based fintech firm plans on applying for a charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks, said people with knowledge of the matter.

The move from Revolut, valued at $5.5 billion in a February fundraising round, is the latest example of one of a new breed of digital challengers seeking to become a

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