Business News

Google fires employee James Damore behind anti-diversity memo

Alphabet Incs Google has fired an employee who wrote an internal memo that ascribed gender inequality in the technology industry to biological differences. James Damore confirmed to several media outlets, including Breitbart, Wired and Bloomberg that he was fired for perpetuating gender stereotypes.

Aug 8, 2017

By Staff Reporter

Singapore stocks end little changed; Yangzijiang climbs

Singapore shares ended little changed on Tuesday as losses in DBS Group shares were tempered by gains in Yangzijiang Shipbuilding after stellar results.

Aug 8, 2017

By Aastha Agnihotri

India's Nifty tests 10,000 level; financials drag

Indian shares erased opening gains to trade lower on Tuesday on the back of selling pressure in banks and oil stocks.

Aug 8, 2017

By Aastha Agnihotri

DBS concludes migration of ANZ's Singapore wealth and retail business

DBS Group Head of Consumer Banking & Wealth Management Tan Su Shan said the transaction is progressing well.

Aug 8, 2017

By Kiersnerr Gerwin Tacadena

SGX extends fall; Yangzijiang Shipbuilding bucks trend

Singapore shares fell for a fourth session on Tuesday as heavyweight DBS Group Holdings extended losses following June quarter earnings.

Aug 8, 2017

By Aastha Agnihotri

Sabana REIT in buyout talks with Warburg Pincus-backed ESR

Sabana REIT said it is currently in talks with ESR Funds Management to explore options in connection with its strategic review.

Aug 8, 2017

By Aastha Agnihotri

Fair value gain lifts Perennial Real Estate quarterly profit

Realty developer Perennial Real Estate Holdings reported a 96 percent jump in second-quarter net profit, powered by a fair value gain of S$16.6 million.

Aug 8, 2017

By Aastha Agnihotri

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

Singtel to commence cellular Internet of Things network service by-end September

Singapore largest telco Singtel is eyeing to launch its nationwide cellular IoT network by end-September.

Aug 8, 2017

By Kiersnerr Gerwin Tacadena

Global Logistic Properties Q1 profit falls on lower revaluations

Warehouse operator Global Logistic Properties (GLP), which got acquired by a Chinese consortium last month, reported a 29 percent fall in first-quarter profit due to lower revaluations.

Aug 8, 2017

By Aastha Agnihotri

MTI, STB seek feedback on amendments for travel agents law

M1 rolls out Southeast Asia's first commercial NB-IoT network

According to Singapore telco player M1, this is in efforts to catalyse smart solutions innovation and support Singapore's transformation into a Smart Nation.

Aug 8, 2017

By Kiersnerr Gerwin Tacadena

Yangzijiang Shipbuilding Q2 profit soars; stock up 8%

China-based Yangzijiang Shipbuilding posted a 73 percent jump in second-quarter profit, sending its shares up as much as 8 percent.

Aug 8, 2017

By Aastha Agnihotri

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From DBS Group asset woes to Keppel's director resignation, get your daily dose of all the latest in the world of business right here.

Aug 7, 2017

By Aastha Agnihotri