Business News

FedEx is in deep trouble over alleged cover up of cyber attack impact

FedEx cybersecurity breach caused large shipping customers to go with competitors as well as losses.

Jul 12, 2019

By Bhaswati Guha Majumder

Khor Hock Seng, Group CEO of Great Eastern, and Ben Tan, MD of Regional Agency/FA and Bancassurance, celebrate the launch of Prestige Partners with Great Eastern’s financial representatives

Great Eastern launches Prestige Partners to address crucial market gap of Singapore's new affluent

Prestige Partners further strengthens Great Eastern's proposition to meet the needs of this affluent segment.

Jul 12, 2019

By IBTimes SG Desk

Singapore's slowest growth in a decade raises recession risk

In the second quarter, manufacturing contracted 3.8 percent from a year earlier after shrinking 0.4 percent in the quarter earlier.

Jul 12, 2019

By Reuters

Ryanair sees risk to 2020 growth if 737 MAX grounded beyond November

O'Leary predicted a return to service by July but the U.S. Federal Aviation Administration has since reported a new potential safety risk that it says must be addressed first.

Jul 11, 2019

By Reuters

In first, Singapore jails 'front-runners' for insider trading

Front-running is the practise of trading on securities using advanced knowledge of pending orders to wrongfully benefit financially.

Jul 11, 2019

By Reuters

T-Hub and Beanstalk AgTech: Invite Applications for GRAFT AUSTRALIA-INDIA AgTech Program

GRAFT is an agriculture technology (AgTech)-focused market access Program, the ﬁrst joint platform between Australia and India by T-Hub

Jul 10, 2019

By IBTimes SG Desk

Asia shares cautious in case Powell closes rate door

Chinese blue chips barely budged as data showed inflation remained stubbornly subdued despite a spike in pork prices.

Jul 10, 2019

By Reuters

PropertyGuru appoints Singapore property industry veteran as Country Manager

Tee Khoon will lead the overall sales function for Singapore, the Group's flagship market in Southeast Asia.

Jul 10, 2019

By IBTimes SG Desk

Prime US REIT - 171 17th Street, Atlanta, Georgia

Prime US Reit launches IPO to raise equity of US$813 million

Largest IPO on the SGX-ST year-to-date by market capitalization of US$813 million.

Jul 9, 2019

By IBTimes SG Desk

Deutsche Bank to axe 18000 jobs, Asia-Pacific offices worst-hit

Asia Pacific region has 2700 staff who will be affected by job cutting spree of Deutsche Bank ahead of its restructuring strategy

Jul 8, 2019

By Soorya Kiran NN

Jaguar is taking on Tesla with multi-billion investment on electric cars

The new investment decision will also put a full stop to XJ luxury car in petrol- and diesel-versions reigning as the main product since 1968.

Jul 7, 2019

By Kalyan Kumar

South Korea assessing financial sector risks of wider row with Japan

In a worst-case scenario, Japanese lenders could refuse to roll over maturing debt or stop providing new loans.

Jul 7, 2019

By Reuters

Asia fuel oil premiums surge to record as global sulfur shift looms

The premium for 380-centistoke (cst) high-sulfur fuel oil rose to $11.63 a ton above Singapore benchmark prices on Thursday, according to Reuters data.

Jul 6, 2019

By Reuters

US-China trade talks to resume next week, Kudlow confirms

Talks broke down in May after U.S. officials accused China of backtracking from the commitments made in the tentative trade agreement's text.

Jul 5, 2019

By Kalyan Kumar

Investors monitor stock market prices in Kuala Lumpur

World stocks cling to gains, bonds hover ahead of U.S. payrolls

Trade across global markets was expected to remain subdued following the Independence Day holiday in the United States on Thursday and ahead of the non-farm payrolls report.

Jul 5, 2019

By Reuters

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