Business News

Oxfam rejects Singapore defence of low taxes

Oxfam's Commitment to Reducing Inequality index ranked Singapore 149th of 157, below Afghanistan, Algeria, and Cambodia, and marginally higher than Haiti, Nigeria and Sierra Leone.

Oct 10, 2018

By Reuters

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

World's biggest traders see oil at $65-$100 next year

Jeremy Weir, chief executive of Trafigura, said at an oil conference in London that he would not be surprised to see oil trade at more than $100 per barrel next year.

Oct 10, 2018

By Reuters

wework expands in southeast asia via singapore

SoftBank in talks to take majority stake in WeWork

Pricing and other details have yet to be firmed up, the source said, adding that it was not a done deal.

Oct 10, 2018

By Reuters

Money changer holds U.S. dollar bills at Grand Bazaar in the center of Tehran

Global debt is growing, IMF says, but so are values of public assets

The IMF said a new data base in its semi-annual Fiscal Monitor report showed considerable net worth in 31 countries that account for 61 percent of global economic output.

Oct 10, 2018

By Reuters

India's frauds investigator probes five IL&FS firms for fund diversion

Indian government took control of the debt-laden IL&FS last week after defaults on a string of debt obligations triggered wider concerns about risks in the financial sector.

Oct 10, 2018

By Reuters

Australia's ANZ takes profit hit as inquiry fallout sweeps banking sector

Australia's so-called Big Four banks are among the most profitable banks in the world, earning average net profit margins of 34 percent.

Oct 8, 2018

By Reuters

Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil market is balanced, says Qatar energy minister

Oil prices have been rising as U.S. sanctions against Iran's crude exports are set to start next month.

Oct 8, 2018

By Reuters

China stocks tumble despite central bank's move to support economy

The yuan was also down, after the central bank set the reference rate at its weakest level against the dollar since May 11, 2017.

Oct 8, 2018

By Reuters

Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London

In haste to go Dutch, Unilever misjudged concerns in Brexit-bound UK

Small retail investors added to the momentum opposing the move - an ill-communicated reaction following a surprise $143 billion bid from Kraft-Heinz (KHC.O) last year.

Oct 7, 2018

By Reuters

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

SoftBank deepening ties to ride-hailing firm Grab with $500 million funding - sources

Six-year-old Grab has garnered more than $6 billion in total funding, led by SoftBank, Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp.

Oct 7, 2018

By Reuters

Trade worries hang over Singapore central bank as some analysts eye tightening

Eleven of 20 analysts polled expect the Monetary Authority of Singapore to replicate a tightening of policy seen in April, its first in six years.

Oct 7, 2018

By Reuters

Greenlight comment adds to Tesla losses from Musk mocking SEC

In its quarterly letter, Greenlight said its short position on Tesla was its second-biggest winner in the third quarter.

Oct 6, 2018

By Reuters

U.S. Commerce Secretary Wilbur Ross, left, chats with Chinese Vice Premier Liu He during a photograph session after their meeting at the Diaoyutai State Guesthouse in Beijing, China Sunday, Jun 3, 2018.

U.S. Commerce's Ross eyes anti-China 'poison pill' for new trade deals

United States is now in the early stages of talks with Japan and the European Union to lower tariff.

Oct 6, 2018

By Reuters

mike-pence-believes-abortions-will-end-in-our-time

Japan, U.S. to hold third economic dialogue mid-November: government officials

The trade talks fall within broader bilateral economic discussions led by Pence and Deputy Prime Minister Taro Aso, who is also finance minister.

Oct 5, 2018

By Reuters

Tesla's Musk mocks SEC as judge demands they justify fraud settlement

The case is SEC v Musk, U.S. District Court, Southern District of New York, No. 18-08865.

Oct 5, 2018

By Reuters

Elon musk

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