Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

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Singapore online hiring in Banking and Finance surges 23% in August

Singapore online hiring surges 23% in August

The Banking, Financial Services and Insurance (BFSI) sector fueled the 1% YoY growth in Singapore’s online hiring in the month of August—as the sector’s hiring jumped 23% YoY

The data was revealed in the latest Monster Employment Index, a study carried out by recruitment firm Monster.com.

According to the study, the sector also observed an uptrend in other parameters as its online hiring inched up 2% MoM, 6% for three-month growth, and 3% on six-month growth.

The sectors lead was followed by the IT, Telecom and BPO industry, as its online hiring grew 11% YoY. There was also observed an uptrend in online hiring which was seen by other industries such as production/ manufacturing (4%), engineering, construction and real estate (3%), and oil and gas (2%).

In terms of job roles, talent in the finance and accounts field is deemed as the most in-demand, with a 7% YoY in August. The legal industry comes next with 6% annual growth in their sector’s hiring.

It wasn’t all growth however. Some sectors also experienced decline.

The hospitality sector posted the largest one as online hiring dropped 5%YoY. Other sectors such as education and healthcare also saw a slip in online hiring — namely 4% and 3% respectively.

The healthcare sector overall had a drop in their roles and responsibilities—which dropped 12% YoY. Other sectors also saw declining demands including hospitality and travel, real estate, HR and admin, and supply chain— with drops of 6%,6%,4% and 2% respectively.

Abhijeet Mukherjee, CEO for APAC for Monster.com, stated: “With restructuring picking up pace amidst rapid advances in automation and artificial intelligence, jobs and skills mismatches will continue to be a challenge for the labour market.”

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