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  • Reuters SG

    Grab expands finance business with consumer loans services, wealth management

    Grab, Southeast Asia's biggest ridehailing firm, deepened its finance sector push on Tuesday by announcing that it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector. Backed by heavyweight investors including SoftBank Group Corp, Grab has already sunk its roots into financial services, food delivery and mobile payments over the last few years, even before the coronavirus pandemic hurt its mainstay ridehailing business.


    Stocks - Europe Seen Lower; Confidence Hit by Virus Resurgence

    European stock markets are set to edge lower at the open Thursday, as the resurgence of Covid-19 infections raises concerns over the speed of the global economic recovery. At 2 AM ET (0600 GMT), the DAX futures contract in Germany traded 0.4% lower. France's CAC 40 futures were down 1.5%, while the FTSE 100 futures contract in the U.K. fell 1.5%.