Business News

A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018.

Uber to appeal Singapore's competition watchdog decision on Grab deal

Uber sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a 27.5 percent stake in the Singapore-based firm.

Oct 22, 2018

By Reuters

CBS interim chairman resigns from board because of ill health

The source added it was a full sale and neither FCA nor the Agnelli family, FCA's top shareholder, would keep a stake after the deal.

Oct 22, 2018

By Reuters

Brexit negotiations: Four biggest issues

UK firms near point of no return for Brexit contingency plans, CBI warns

The CBI stated that eighty percent of the firms said Brexit had already had a negative impact on their investment decisions.

Oct 21, 2018

By Reuters

Indonesia: Minister Wiranto says ASEAN remains Indonesia's foreign policy priority

Indonesia to renegotiate fighter jet deal with S.Korea to ease FX burden

President Joko Widodo had communicated the plan to President Moon Jae-in during his visit to South Korea in September.

Oct 21, 2018

By Reuters

Theresa May: Terrorism is the great threat that we all face

UK PM May tells businesses EU is committed to autumn Brexit deal

PM May briefed around 120 business leaders to update them on the progress of the talks after discussions in Brussels earlier this week

Oct 20, 2018

By Reuters

Residents and people crowd the corridors of a public housing estate

China's September new home price gains led by smaller cities

Compared with a year ago, however, new home prices climbed 7.9 percent, the quickest year-on-year gain since August 2017 and faster than the previous month's 7 percent rise.

Oct 20, 2018

By Reuters

Australia's NAB cuts 300 staff over wrongdoing

A NAB spokeswoman declined to provide further detail about which department the staff worked for or what jobs they held.

Oct 19, 2018

By Reuters

Chinese banks 'freeze' North Korean accounts

China economic growth weakest since 2009, government moves to lift confidence

The GDP reading was the weakest year-on-year quarterly growth since the first quarter of 2009 at the height of the global financial crisis.

Oct 19, 2018

By Reuters

Hacked, scammed and on your own: navigating cryptocurrency 'wild west'

The German couple, who describe themselves as financial educators, figured they had no chance of recovering the coins and it was not even clear who might take up their case.

Oct 18, 2018

By Reuters

From L to R: Dr. Beh Swan Gin (Chairman of the Singapore Economic Development Board), Dr. Koh Poh Koon (Senior Minister of State for Trade and Industry), Mr. Keith Williams (CEO, UL LLC) and Mr. Sajeev Jesudas (President, UL International)

UL International to expand in Singapore and its focus is crystal clear

It is estimated that there will be 21 billion connected devices worldwide by 2020 and more than 70 percent of IoT devices unencrypted.

Oct 18, 2018

By Bhaswati Guha Majumder

Illustration photo of U.S. Dollar and China Yuan notes

U.S. government refrains from calling China a currency manipulator

Since the Treasury's last currency report was issued on April 13, the yuan has fallen by more than 9.0 percent against the U.S. dollar.

Oct 18, 2018

By Reuters

New Zealand KFC, Pizza Hut operator gets $578 million takeover offer, shares soar

Auckland-based Restaurant Brands' shares soared about 14 percent to a record high of NZ$8.72, their biggest jump since September 2009.

Oct 18, 2018

By Reuters

Singapore revises rules to counter 'shoebox apartment' problem

Shares of some real estate firms, including City Developments, UOL Group and Oxley Holdings, fell in Thursday morning trade, underperforming the broader market.

Oct 18, 2018

By Reuters

trump-tells-reporter-i-know-youre-not-thinking-at-usmca-press-conference

Swiss lose competitiveness crown to U.S. in revamped global rankings

Further down the rankings, China was in 28th place, Russia was 43rd, but India was 58th, a big slide from 40th under the old methodology last year.

Oct 17, 2018

By Reuters

Fujifilm wins appeal in battle with Xerox over scrapped merger

The ruling by the New York State Appellate Court could give Fujifilm leverage to bring Xerox management back to the negotiating table.

Oct 17, 2018

By Reuters

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