Business News

Global Markets: Asia stocks bounce from 3-1/2-mth lows as trade fears soften

Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses.

May 15, 2019

By Reuters

Singtel to invest S$2.47b to buy stakes in InTouch, Bharti Telecom

Singtel posts lowest annual profit in 16 years

The company continued to be optimistic about the growth potential of its associates' markets, she added.

May 15, 2019

By Reuters

Singapore's real estate firm CDL unveils $1 billion China property deal

it had also entered a deal with Sincere to acquire a 70% stake in a property in Shanghai's business district for 1.2 billion yuan.

May 15, 2019

By IBTimes SG Desk

South Korea's latest big export: Jobless college graduates

Facing an job crunch at home, many young South Koreans are now signing up for government-sponsored programmes for jobs abroad.

May 13, 2019

By Reuters

Asian stocks, yuan fall as Sino-US trade talks deadlocked; investors await China retaliation

The trade talk became more confusing after US and China appeared at a deadlock over trade negotiations on Sunday.

May 13, 2019

By Reuters

Cranes can be seen on a construction site at the inner-city suburb of Barangaroo, the site of the Australian casino operator Crown Resorts new Sydney waterfront resort, with the Sydney Opera House located on Sydney Harbour in Australia, August 9, 2018. RE

Australia's export billions go missing, statisticians suspected

The divergence is only getting larger as surging iron ore prices lifted exports to all-time highs in the March quarter.

May 13, 2019

By Reuters

Oil prices mixed amid US-China trade impasse

The trade conflict between the world's top two economies escalated on Friday, with the US hiking tariffs on $200 billion worth of Chinese goods.

May 13, 2019

By Reuters

Singapore, China renew bilateral currency swap agreement for 3 years

The agreement between these two countries could be extended again, China's central bank said, without giving further details.

May 13, 2019

By IBTimes SG Desk

China still 'cautiously optimistic' on US trade talks despite new tariffs

Liu's optimism was tempered by U.S. Treasury Secretary Steven Mnuchin, who said that that there were no further talks with China planned "as of now."

May 12, 2019

By Reuters

China's BAIC seeks to buy 5 percent Daimler stake

BAIC has asked local authorities in Beijing to support a 4-5 percent stake purchase, in the open market.

May 12, 2019

By Reuters

China steps up oversight of firms to strengthen market development

China's stock market has been suffering losses amid escalating trade friction with the United States.

May 11, 2019

By Reuters

Etihad submits bid for Jet Airways, eyes minority stake

Once India's largest private airline, Jet was crippled by mounting losses as it tried to compete with low-cost rivals IndiGo and SpiceJet Ltd.

May 11, 2019

By Reuters

Uber's market debut sours most anticipated IPO since Facebook

The ride-hailing company picked a week for its IPO plagued by market turbulence fueled by US-China trade worries.

May 11, 2019

By Reuters

Philip Morris suspends social media campaign after Reuters exposes young 'influencers'

The company informed that it had launched an internal investigation into marketing posts and photographs.

May 11, 2019

By Reuters

US warns merchant ships of possible Iranian attacks; cleric threatens US fleet

Trump urged Iran's leaders talk with him about giving up their nuclear program and said he could not rule out a military confrontation.

May 11, 2019

By Reuters

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