Business News

Singapore June NODX fall 2.3% on-year due to weak China, Europe demand

Singapore dodges recession in Q3 but weak manufacturing remains big concern

One of the reasons for the tepid growth was the continued weakness in the manufacturing sector, which contracted 3.5 percent on a year-on-year basis in the third quarter.

Oct 14, 2019

By Jacob J

Citi pays $30 million fine to settle real-estate violations - regulator

Citibank has agreed to pay a $30m fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions.

Oct 13, 2019

By Reuters

Thomas Cook failure spurs UK to act on airlifting tourists home

Britain's government plans to introduce new legislation to make it easier and faster to bring home stranded holidaymakers after the collapse of tour company Thomas Cook.

Oct 12, 2019

By Reuters

Asian shares jump on 'very good' trade talks, pound edges up

Asian shares jumped on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator

Oct 11, 2019

By Reuters

US sanctions hit global oil fleet as traders shun nearly 300 tankers

Nearly 300 oil tankers globally have been placed off-limits as companies fear violating US sanctions against Iran and Venezuela.

Oct 11, 2019

By Reuters

bollore electric car-sharing comes to singapore

What happened to Dyson electric car plant in Singapore?

As Dyson rolls back plans to build electric cars, as many as 20 jobs will be lost in Singapore.

Oct 11, 2019

By Jacob J

ING introduces world's first sustainability improvement fund financing for Singapore-based PE fund

ING recently closed the world's first sustainability improvement capital call facility for Quadria Capital Fund II.

Oct 11, 2019

By IBTimes SG Desk

Circadian Optics founder Amber Leong in SharkTank

Malaysian girl Amber Leong strikes $1.1 million deal in Shark Tank

Malaysian girl Amber Leong convinces investors Mark Cuban and Lori Greiner in Shark Tank to win a $1.1 million investment in her start-up Circadian Optics.

Oct 11, 2019

By Vinod DSouza

wework expands in southeast asia via singapore

WeWork to open two new locations in Singapore amid cost-cutting drive

Office-sharing startup WeWork on Thursday said it will open two new locations in Singapore this year.

Oct 10, 2019

By Reuters

Will gold prices hit $2,000 an ounce? More analysts bullish on yellow metal

Analysts at Citigroup said in September that gold could hit $2,000 an ounce in the next two years. The current high $1,921.17 an ounce during the 2011-12 rally.

Oct 10, 2019

By Jacob J

Johnson & Johnson fined $11 billion after drug causes man to grow breasts

A Johnson & Johnson spokesman said the company hopes the "grossly disproportionate" award will be overturned.

Oct 9, 2019

By Jacob J

Asian stocks swoon on signs of prolonged US-China standoff

The US and China are engaged in a year-long row that has slowly expanded beyond trade policy, suggesting even more damage to an already fragile global economy.

Oct 9, 2019

By Reuters

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore edges past US to become world's most competitive economy

The other economies that found a spot in the Top Five are Hong Kong, the Netherlands and Switzerland.

Oct 9, 2019

By Jacob J

Singapore assets under management growth declines year-on-year

Singapore avoids recession in Q3, says poll; expansionary election-year budget to add further boost

The poll of 11 economists shows that gross domestic product (GDP) may have increased 1.5 percent on a quarter-on-quarter, seasonally adjusted basis in July-September.

Oct 8, 2019

By Jacob J

Amazon launches bigger local online store in Singapore

Amazon also said it will allow small and medium-sized businesses to offer their products to online shoppers with Amazon.sg

Oct 8, 2019

By Reuters

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